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Financial planner: Reverse mortgages can help retirees with high property taxes

A financial planner says that a retiree confronted by rising property taxes might find a reverse mortgage helpful, according to MarketWatch. read more

Former Ginnie Mae president reacts to lawmaker’s reverse mortgage securities letter

Ted Tozer hopes that Sen. Mike Braun dives deeply into why Ginnie Mae seized the servicing portfolio of a reverse mortgage lender in 2022. read more

‘Should I live under a bridge?’ I get $5,600 a month in Social Security retirement income, but my property taxes will soon be $20,000. Who can help?

Have an issue with your financial adviser or looking for a new one? Email questions and concerns to picks@marketwatch.com. read more

If You Want The Largest Possible HECM Credit Line In The Years Ahead, Do You Take It Now Or Wait Until You Are Older?

I will assess this question for a homeowner of 62 with a house now worth $400,000 who has no current need to draw funds from a HECM but wants the largest possible credit line looking ahead – say ... read more

Texas A&M-McAllen students host mental health awareness fair in Little Mexico

Texas A&M-McAllen students wanted to destigmatize the negative perceptions of mental health by personally connecting with colonia residents and offering them resources. read more

Reverse mortgage: What it is and how it works

Many reverse mortgage borrowers use these payments to supplement retirement income. The most common type of reverse mortgage is a Home Equity Conversion Mortgage (HECM), for borrowers ages 62 and ... read more

Why Retirees With Existing Mortgages Should Take A HECM Reverse Mortgage

Such retirees, concerned (as most are) with having enough spendable funds during their retirement years, should take out a HECM reverse mortgage. This holds whether the HECM is used to pay off the ... read more

What Is Home Equity Conversion Mortgage?

A home equity conversion mortgage (HECM) is a type of reverse mortgage. The Federal Housing Administration (FHA) insures the mortgage, which helps seniors cash out their home equity. This can be a ... read more

Reverse Mortgage: Types, Examples and Reviews

This is a reverse mortgage offered by a government agency or nonprofit. It follows the rules of a HECM, but unlike a HECM it is issued to pay for specific, lender-approved expenses. Typically ... read more

How Your Home Can Fill Gaps in Your Retirement Plan

If you have gaps in your plan for retirement income, you might consider adding the value of your home to your planning. read more

Reverse mortgage volume, HMBS issuance see improvement in March

Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% to 2,058 loans in March, an increase helped by new case numbers and slightly telegraphed by recent industry sentiments, according to ... read more