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Reverse Mortgages Changes Roll Out October 1
On September 3, 2013, HUD released a mortgagee letter announcing major changes to the reverse mortgage industry. The reverse mortgage program’s purpose was to help supplement the income of retired seniors, ages 62 years and…
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Reverse Mortgage Info for Children of Senior Parents
My parents want to apply for a reverse mortgage, what are some things that I should be aware of? Being a part of the “Sandwich Generation” has many adult children finding themselves in situations where…
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Benefits of a Reverse Mortgage
One benefit of a reverse mortgage loan, is that there are no restrictions on how the money is spent. The money that you receive from a reverse mortgage, is equity that you built up in…
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