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Reverse Mortgage Calculator With New HECM Loan Limits

With the new reverse mortgage loan limit on its way, I know that originators are looking for a calculator that shows the $625,500 loan limit. IBIS published a sample calculator for RMD readers ... read more

Vey Iz Mir! It’s a Kosher HECM Reverse Mortgage! – NMP

The Mortgage Professor, an online resource run by Jack M. Guttentag, Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania, is now offering homeowners over the age of ... read more

Reverse-Mortgage Calculator - Forbes

I have created a calculator that allows users to get a sense of the principal limit available with a HECM reverse mortgage on their homes using the most popular one-month variable-rate option. The ... read more

The Mortgage Professor Announces New Program for Veterans Still Paying on a Home Mortgage - Yahoo Finance

PHILADELPHIA, PA--(Marketwired - Sep 28, 2015) - Most veterans of World War 2, Korea and Vietnam who are still making payments on a home mortgage are eligible for a Kosher HECM reverse mortgage ... read more

How To Calculate A Reverse Mortgage - Forbes

I have created a calculator that allows users to get a sense of the principal limit available with an HECM reverse mortgage on their home using the most popular one-month variable rate option. The ... read more

A new tool for tracking a HECM reverse mortgage - Sarasota Herald-Tribune

Sheila P. took out a reverse Home Equity Conversion Mortgage in 2010 when she desperately needed additional income, even though her home in Nevada had fallen sharply in value during the previous ... read more

Mortgage Prof. Rolls Out Alternative Approach to Reverse Mortgage Counseling - HousingWire

In efforts of addressing this shortfall, The Mortgage Professor has created a new approach to HECM counseling, as part of a package of creating what Guttentag calls “kosher” reverse mortgages. read more

A Less Costly Reverse Mortgage - Mortgages - The New York Times

Fixed-rate reverse mortgages typically run 0.25 to 1.25 points above conventional mortgages; they now generally range from 4.99 percent to 5.25 percent, depending on the loan size, compared with ... read more

New tool for seniors considering a reverse mortgage refinance - Daily Herald

Sheila took out a HECM reverse mortgage in 2010 when she desperately needed additional income, even though her home in Nevada had fallen sharply in value during the previous four years. read more

Mortgage Professor Unveils the Kosher HECM Reverse Mortgage(SM) - Yahoo Finance

PHILADELPHIA, PA--(Marketwired - Aug 31, 2015) - Effective immediately, homeowners aged 62 or over can obtain a Kosher HECM Reverse Mortgage through www.mtgprofessor.com. The standard HECM reverse ... read more

New Reverse Mortgage Hits the Market - Kiplinger

According to AARP's reverse-mortgage calculator, a 75-year-old in Arlington, Va., with a home worth $500,000 could get a lump sum of about $258,000 from a fixed-rate Saver or a lump sum of about ... read more

Mortgage Professor Unveils the Kosher HECM Shopper's Assistant - Yahoo Finance

PHILADELPHIA, PA--(Marketwired - December 14, 2015) - Effective immediately, homeowners aged 62 or over can employ the new HECM Shopper's Assistant (HSA) to shop for the best possible terms on a ... read more