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  • Should a Condo Become FHA Approved? – What Every Owner Must Know

    Why Should a Condo Become FHA Approved? I have heard this several times in the past couple of weeks and will answer it here as it pertains primarily to my home state of Pennsylvania and its immediate surrounding area.  (Although, this information can be used in many other states as well) The majority of the Read More…

  • 7 Things You Should Know About FHA Loans – And How It Will Affect Your Home Values!

    If Your Development is NOT FHA Approved, You May Be Losing Out! Here are some facts. 1. FHA Loans Are Not Only For Lower-Income Borrowers. FHA loans are available to everyone. In fact, even Bill Gates can get one. There is no maximum income restriction associated with FHA loans. Borrowers do need to substantiate income Read More…

  • FHA Condo Approval Requirements: Sellers and Buyers Beware – Article Repost

    Why Should a Condo Get FHA Approved? This article originally appeared:  http://www.maxrealestateexposure.com/sellers-buyers-beware-fha-condo-approval-requirements/ and was provided by Bill Gassett, a Nationally recognized leader in his field. What should buyers and sellers know about FHA condo approval requirements? Plenty! First and foremost you should know that having FHA condo approval is super important. If you can get one, an FHA loan is Read More…

  • HECM Calculator and 12 Fast Facts

    Here a few facts and a quick way to determine what a client may be eligible for in proceeds  Reverse Mortgage Fast Facts Age 62 and Over Borrowers Principle Residences Only All Liens (Mortgages, Home Equity Loans etc) Must be Paid off From Reverse Proceeds First No Monthly Mortgage Payments Required No Minimum Credit Score Read More…

  • Increasing Portfolio Longevity with A Reverse Mortgage Tenure Payment – A Money Guide Pro Analysis

    One of the things on the minds of all advisors and clients is the question “Will I outlive my Savings”.  Indeed a fair question given the advent of the Baby Boomers. They will live longer, have saved less and are more indebted than prior generations.  The discussion on the table today is simple. Can we Read More…

  • Can A Reverse Mortgage Help Manage Retirement Income Risks? – Case Study

    How can the devastating impact that Sequence of Returns Risk poses to a retirees savings be mitigated by a Reverse Mortgage? Every financial advisor understands the profound differences between the accumulation phase of a retirement plan and the distribution phase. Primarily the dangers that come with beginning account withdrawals during a bear market.  Better known Read More…

  • 14 Strategic Uses of the HECM REVERSE MORTGAGE – Advisors Edition

    Increasing numbers of professional advisors take a holistic approach when preparing long-term financial plans for their senior or soon- to-be-retired clients. They consider all of the factors that comprise the client’s economic profile including family circumstance, personal lifestyle goals and financial condition. The holistic approach enables the client to make more appropriate financial decisions. After more Read More…

  • What’s the Impact of Paying Off An Existing Mortgage

    Is There A Tangible Net Positive Impact Of A Retiree Eliminating A Monthly Mortgage Payment? Can it make a difference in the overall outcome of a retirement plan? Here’s an example of a couple that has done moderately well in savings, perhaps better than most boomers entering retirement. Based on their lifestyle, their advisor suggested a $2000/month Read More…

  • The 10 Most Common Reverse Mortgage Misconceptions

    Common Reverse Mortgage Misconceptions abounded since its inception in 1988. Here is a compiling of the 10 I hear most often. Be Sure to Check out these other posts regarding the Program. What is a Reverse Mortgage,  37 most Frequently Asked Questions, Pro’s and Con’s of the Program

  • Article – Harold Evensky’s 10 Tips for Retirement Success – Think Advisor

    Think Advisor Magazine http://www.thinkadvisor.com/2013/10/11/evenskys-10-tips-for-retirement-success?page_all=1 Once again, Financial Thought leader Harold Evensky continues to promote the Benefits of the Reverse Mortgage as a part of a strategic financial plan. We are grateful to such leaders continuing to share valuable information with their peers and colleagues.  You can read the Article in its Entirety HERE Evensky said Read More…