Reverse Mortgages and Retirement Planning

Reverse mortgages are being considered more and more as a financial retirement tool for senior homeowners.  The financial planning community has realized the potential of using the equity in one's home by way of a reverse mortgage to help fund retirement.  There are certain reverse mortgage payment plans that work better to meet the needs of those who are not necessarily in immediate need of money but rather are looking for ways to extend their assets to last their lifetime.

InvestmentNews recently published an article discussing the new uses of a reverse mortgage for financial planning, and various other individuals have published similar articles.

For more information on reverse mortgages and to be put in touch with a reputable reverse mortgage lender, visit our website at:  www.reversemortgagebenefit.com.

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New Reverse Mortgage Products

There have been more reverse mortgage products introduced in the last few months than the industry has seen in quite some time.  The latest announcement is a fixed rate product that provides the most flexible payment plans without limitations on how much money can be withdrawn in the first year.

Contact us to learn more about reverse mortgages and to be referred to one of the top reverse mortgage lenders in the industry.

Learn more about reverse mortgages at HUD's website: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/hecmhome

Also, learn about the Top Ten Frequently Asked Questions: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/rmtopten

Learn about the recent product announcement: http://reversemortgagedaily.com/2014/02/18/live-well-releases-fixed-freedom-reverse-mortgage-product/?utm_source=Reverse+Mortgage+Daily&utm_campaign=c32d0e29c3-RMD_Daily_Email_2_20_142_19_2014&utm_medium=email&utm_term=0_48b4357284-c32d0e29c3-21285 


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Housing Recovery Back to Normal

The housing market continues on its road to recovery, as now one in six metro areas nationwide have either returned to or exceeded their previous norms and the national market edges 86% back to normal, according to the National Association of Home Builders (NAHB).  According to David Crowe, Forty-five percent of metro areas are recovering at a faster pace than the nation as a whole.  This is continued good news for the national housing market.  Read the entire article at:  http://www.nahb.org/news_details.aspx?sectionID=2694&newsID=16608

Is a Reverse Mortgage Right for You? - Webster County Citizen: News

Is a Reverse Mortgage Right for You? - Webster County Citizen: News

Reverse Mortgage Guideline Changes

The Department of Housing and Urban Development plans on publishing a Mortgagee Letter to provide guidelines on two separate policies.  The first addresses the non-borrowing spouse issue which will allow a spouse under the age of 62 to be placed on the reverse mortgage loan.  The second policy change will deal with financial assessment to help strengthen the program and protect borrowers.  The Mortgagee Letter is expected to be published in mid-February with an implementation 90 days after it is issued.

For up to date information on reverse mortgages, send a request to be contacted by a top reverse mortgage lender.  Visit:  www.reversemortgagebenefit.com.

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www.reversemortgagebenefit.com

December Existing Home Sales Rise

The National Association of Realtors (NAR) recently announced that existing homes sales edged up in December 2013 and sales for all of 2013 were the highest since 2006.  The national median existing home price for all of 2013 was $197,100, which is 11.5 percent above the 2012 median of $176,800.  The continual increase in home sales should continue to drive home prices and home equity across the nation. Click on the link to read the entire article from NAR:  http://www.realtor.org/news-releases/2014/01/december-existing-home-sales-rise-2013-strongest-in-seven-years

The increase in home equity will allow more and more senior homeowners to qualify for a reverse mortgage and obtain more assets to help fund their retirement.  We expect to see an increase in reverse mortgage activity this year with more seniors inquiring about the program.  Let us provide you with valuable information on reverse mortgages to help you analyze your retirement options.  Visit:  www.reversemortgagebenefit.com to learn more.

Yours Truly,
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Reverse Mortgage Safeguards Vol.1

The vast majority of reverse mortgages today are federally insured by HUD.  This provides protection for both homeowners as well as lenders.  One protection for homeowners is they are guaranteed that the reverse mortgage program will always be made available to them once they have entered the program.  Lenders, on the other hand, are guaranteed that they will always receive the balance owed.  This is just one example of how the reverse mortgage program provides safeguards for both the consumer and lender.  In the coming series, Reverse Mortgage Safeguards, we will explore other areas of protection for consumers, lenders and the community.  Visit us at www.reversemortgagebenefit.com to learn more about reverse mortgages and send us a request to be put in touch with a reverse mortgage lender.