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Task Force Issues Call for Education on HECM Repayment Pitfalls

As the industry has positioned the Home Equity Conversion Mortgage as a strategic retirement tool for more affluent borrowers, an industry trade group recently issued an important warning: Do not ... read more

Forbes: Tax Issues Surrounding Reverse Mortgage Repayment

HECM for Purchase (H4P) qualifies under this criteria. Read the full article at Forbes , sourced from Pfau’s book “Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement ... read more

Repayment Of The HECM Loan Balance And The Tax Issues - Forbes

Repayment of a HECM loan balance may be deferred until the last borrower or eligible nonborrowing spouse no longer meets the terms for maintaining the loan. Interest charges, mortgage-insurance ... read more