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Navigating the Risks and Rewards of Reverse Mortgages and Financial Advice

“A borrower who uses a HECM to finance the purchase of an annuity may be a better credit risk than a borrower drawing a tenure payment,” Jack Guttentag — who runs the Mortgage Professor ... reverse mo... read more

'Mortgage Professor' Site Adds 'Safe Place' for Seniors to Comparison-Shop for Reverse Mortgages

find the best unbiased advice and choose loans from pre-vetted lenders while protecting their privacy, Prof. Guttentag has added a HECM shopping service to his popular, consumer-oriented mortgage-shop... read more

JACK GUTTENTAG: Shopping for the best HECM Reverse Mortgage deal

Can You Shop For the Best Deal on a HECM Reverse Mortgage? You can if you know exactly what you want, and exactly where to find it. This article is designed ... The writer is professor of finance emer... read more

Reverse mortgages: Are they worth it?

You must be 62 or older to take out a reverse mortgage and the amount you can borrow depends on your age, interest rate and the value of your home. Under the Department of Housing and Urban Developmen... read more

Should Retirees Buy a Home With a Reverse Mortgage?

But there's another opportunity, often overlooked: Get a reverse mortgage on ... But with the HECM, there is no income requirement or credit check. Generally, borrowers get fixed-rate loans and can ch... read more

Consider new uses of reverse mortgages for clients

“We in the reverse-mortgage lending industry find financial advisers are ... and Shaun Pfeiffer, a professor of personal finance at Edinboro University. “Our study considers using a HECM Saver reverse ... read more

New Version of the Kosher HECM Reverse Mortgage Calculator

PHILADELPHIA, Oct. 5, 2017 /PRNewswire/ -- Mortgage Professor LLC has released the latest version of its unique Kosher Reverse Mortgage Calculator designed ... which poses the challenge of finding the ... read more

The payoffs to paying off a mortgage

Q: How do I determine that allocating extra funds for mortgage repayment is my best use of those ... repay the mortgage balance with a reverse mortgage, which eliminates the required monthly payment. ... read more

THE MORTGAGE PROFESSOR: A new tool for tracking a HECM reverse mortgage

HECM borrowers have other options, however, which are unique to HECMs and may not be known or fully understood. If they took a monthly payment, as Sheila did and find later ... fence to take the rever... read more

Union Home and Alliance Deal; Reverse Mortgage Changes; Fed Speeches This Week

In many instances, reverse mortgage borrowers “walk away” from a reverse mortgage with equity! (More below on reverse lending development and law changes.) FHA has released Version 2.5 of the Home Equ... read more

Changes in reverse mortgages give advisers new tools in retirement planning

She owned her home free and clear with no monthly mortgage ... “What's the Deal with Reverse Mortgages” (People Tested Media, 2015). “If the first impulse is to counsel clients to wait until the portf... read more

Reverse Mortgages Aren't For Everyone

"Reverse mortgages: great product, not for everybody," says Casey Fleming, author of "The Loan Guide: How to Get the Best Possible Mortgage ... according to a calculator on The Mortgage Professor webs... read more