Archive | Reverse Mortgage

Reverse mortgages: be prepared

By Alain Valles, CRMP, MBA, CSA The Greek philosopher Heraclitus said, “Change is the only constant in life.” Time has shown this to be true. The incoming administration in Washington is expected to alter the outgoing’s policies and vision. Ahead of this, interest rates and the cost of money are increasing. Inflation, a word we […]

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Reverse mortgage: regained hope?

By Alain Valles, CRMP Everyone has heard the words “reverse mortgage.” But few people really know how one works. However, most of us know the challenge, uncertainty, worry, financial stress and struggle that comes with increasing healthcare costs, shortage of monthly cash flow, urgent home repairs, rising real estate taxes, divorce, credit card interest rates […]

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Reverse mortgages – good to be skeptical

By Alain Valles, CRMP No other loan product is wrapped in as much mystery and misinformation as a Home Equity Conversion Mortgage (HECM), more commonly known as a “reverse mortgage.” Unfortunately, this aura has led to a number of seniors making poor home financing decisions.  Many senior homeowners who could truly benefit from a reverse […]

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Top uses for a reverse mortgage

By Alain Valles, CRMP, MBA, CSA You’ve heard the term “reverse mortgage,” but do you know how it works? A Home Equity Conversion Mortgage (HECM) – often called a reverse mortgage – is a federally insured loan program that allows qualifying seniors 62 years or older to access the equity in their homes in the […]

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Social Security and reverse mortgages

By Alain Valles, CRMP, MBA, CSA Is 62 the best time to start receiving Social Security? According to the Social Security Administration, you may start receiving Social Security income at age 62.  But if you delay enrollment until age 70, your monthly Social Security income will be significantly higher. So, does everyone wait? Unfortunately, no. […]

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Can a reverse mortgage solve the world’s problems?

Things that keep us up at night

The ramifications on the world economy of Britain leaving the European Union, increasing tensions between China and Russia, a contentious Presidential election, terrorism, the ongoing Middle East crisis, and the global warming debate. All are examples of events that we have little control over but are causing tremendous concerns.

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