24 F
Westborough, US
Wednesday, December 11, 2019

Should I stay or should I go?

A tough choice for senior homeowners By Alain Valles, CRMP Should you stay in your own home? Or would you be better off financially to sell...

Use a reverse mortgage to combat stock market anxiety

By Alain Valles CRMP, MBA, CSA The prospect of living out one's life in the "golden years" has lost its glow. Wild stock market swings and a...

Top uses for a reverse mortgage

By Alain Valles, CRMP, MBA, CSA A Home Equity Conversion Mortgage (HECM) – often called a reverse mortgage - is a federally insured loan program that...

Are reverse mortgages a scam?

By Alain Valles, MBA, CRMP, CSA Home Equity Conversion Mortgages (HECM), more commonly known as reverse mortgages, were authorized by President Ronald Reagan in 1987 and...

Reverse mortgages: financial protection

By Alain Valles, MBA, CRMP, CSA Hopefully your life has been rewarding and pleasurable. But we all have experienced, or will someday face, life's unexpected...

Reverse mortgages: If you had a magic wand

By Alain Valles Since 1987, Home Equity Conversion Mortgages (HECMs), also known as reverse mortgages, have been a viable option for hundreds of thousands of...

Save money with FHA loans

By Alain Valles On Jan. 7 President Obama announced that the Federal Housing Administration (FHA) will drastically lower the cost of FHA mortgage insurance by...

Wake up your lazy asset with new lending option

By Alain Valles If you are like most people your two largest retirement assets are your investment savings and your home. However, due to its...

Take action before the reverse mortgage rules change in March

By Alain Valles Over the past 25 years hundreds of thousands of homeowners age 62 years or older have converted the equity in their home...

Reverse mortgage rules have changed

By Alain Valles The rules covering reverse mortgages changed Nov. 10, 2014. But there is still time to be grandfathered and get a reverse mortgage...