Archive | Reverse Mortgage

Reverse mortgages. The magic wand?

By Alain Valles, CRMP, MBA, CSA Managing Director Helping Hands Community Partners, Inc. How will you pay for retirement? If you are over 61-years-old, own a home with equity, and are concerned about your current or future financial situation or independence then you should learn about reverse mortgages. Projected life expenses keep piling up. Fidelity’s […]

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Senior housing finance:  You’re a winner

By Alain Valles, CRMP, MBA, CSA, Managing Director Helping Hands Community Partners, Inc. “The winner is…” – YOU! I enjoyed watching the Academy Awards last month to see the surprised and happy faces of the film artists in the lesser known categories like best production design, costume design, or sound mixing – all the people behind […]

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A new local resource for senior homeowners

By Alain Valles, CRMP, MBA, CSA, Managing Director, Helping Hands Community Partners, Inc. “If you give it out in slices it comes back in loaves.” As a for-profit owner of a mortgage company, I’ve had the good fortune of arranging thousands of home purchases, refinancings, and reverse mortgages over the past 30 years.  At all […]

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Reverse Mortgages – Good or Bad?

Reverse mortgages have been around since 1987 and have helped hundreds of thousands of older homeowners to live in their homes and have access to cash. Reverse mortgages are the most heavily regulated loan program in the country with periodic government changes to continue to strengthen the program.

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Reverse Mortgage Attributes

The Oxford Dictionary defines “attribute” as a “quality or feature regarded as a characteristic or inherent part of someone or something.” Attributes are rarely all good or all bad but depend on how the attribute is used. This specifically applies to reverse mortgages.

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Should I stay or should I move?

Real estate values continue to increase but so do major living expenses. Does it make more sense to downsize or figure out a plan to remain financially independent at home?  It reminds me of the old Clash song – “Should I stay or should I go?”

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