Archive | Reverse Mortgage

Alain Valles

Reverse mortgages – uncomfortable questions

By Alain Valles, CRMP, CSA, MS, MBA (Photo Alain Valles, Photo submitted) Many have heard the words “reverse mortgage,” but few have a clear understanding of how it works, the cost, the benefits or the process. As managing director of the 501(c)(3) nonprofit Helping Hands Community Partners, Inc., our mission is to educate people about […]

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Alain Valles

Reverse Mortgages – Ask the Expert

By Alain Valles, CRMP, CSA, MS, MBA (Photo Alain Valles, Photo submitted) You are invited to ask the questions. No question is too trivial or too complex. The only way to make an informed decision whether a reverse mortgage is right for you is to obtain the correct information regarding your personal situation. Reverse mortgages […]

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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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