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Closing the Price Gap

HECMWorld’s latest podcast goes into detail on closing the price gap when buying a home with a reverse mortgage. The topics discussed in the podcast can show you how you can help your clients increase their purchasing power with Home Equity Conversion Mortgage loan, which in turn will increase your commission. Listen here…

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An Excellent Hedge Against Property Value Risk

Part of the motivation to be a homeowner is the opportunity to accumulate growing equity in a home. Equity growth is heavily influenced by market changes over which the owner has little control. Read more…

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Forbes: Reverse Mortgage Can Help

One often overlooked tactic that seniors can employ, when seeking to pay down outstanding debt in retirement, is the strategic use of a reverse mortgage loan, one of several options that an older American can use when examining their finances post-working years. This is according to contributor Bob Sullivan and editor John Schmidt in a […]

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What the Housing Market Will Be Like in 2021

We left 2020 with the housing market on fire, with record-low mortgage rates and a sudden wave of relocations made possible by remote work. Home prices have now pushed new boundaries as buyer demand continues to surge. Read more…

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Help Your Clients Avoid Exhausting Retirement Funds

According to an Aegon Center for Longevity and Retirement study, 49% of Americans related that their primary retirement fear is running out of money. When it comes to mitigating the dreaded “longevity risk,” four recommendations emerged based on expert analysis, and reverse mortgages were one of the options cited. Read more…

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Reverse Lending Limit Increased to More Than $822K

The Department of Housing and Urban Development has announced the maximum claim amount of federally backed reverse mortgages will be increased to $822,375 for 2021. Read more…

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Talking Reverse Mortgages With Your Clients

Real estate professionals can provide a valuable service to seniors considering reverse mortgage loans. This option can be a lifeline for eligible seniors clients who could use additional funds to pay for pre-sale repairs on their home or to buy a new principal residence. Read more…

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More Homeowners House Rich as Equity Rises

Despite the economic turmoil of the pandemic, home equity continued to climb in the second quarter of 2020. According to new analysis by CoreLogic, a property data analytics provider, the average homeowner has gained $9,800 in equity and negative equity fell 15% between the seconds quarters of 2019 and 2020. Read more…

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Financial Disaster Equals New Opportunity

In an environment where seniors’ retirement futures have already been put at risk by dwindling savings and disappearing pensions, the idea of the reverse mortgage is to allow a senior to use the equity in their home to either meet necessary expenses in old age, or to enhance their quality of life in retirement. Read […]

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A Retirement Planning Solution

With the impact of the coronavirus pandemic still a persistent presence in the everyday lives of Americans, more adult children and retired parents are spending time together, making it an optimal moment for retirees to talk about their finances with their children. A reverse mortgage can be one such solution for your older clients to […]

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