Reverse Mortgage Radio Show
The reverse mortgage industry is changing from the LIBOR index to the CMT (Constant Maturity Treasury).
What does this mean for you and how will this change affect you if you get a reverse mortgage?
Listen now to find out."
On the Show today Bruce explains how to shop and compare quotes from different reverse mortgage lenders. He talks about comparing the margin and closing costs as well as how these two work together.
What do you have to do to get a reverse mortgage? It is really not too complicated, but it is a process. But a lot of what needs to be done happens prior to ever signing a single form. Bruce explains the entire process on the show today.
What if you could purchase a better home, one more suitable to your needs, with less money out of your pocket and no mortgage payment?
On the show today, Bruce talks about the three ways you can buy a home and why he obviously this using a reverse mortgage for purchase is the best way to go.
On the show this week, Bruce talks about some of the finer points of the HECM Line of Credit. Namely, financial planning benefits and the growth of the line of credit. Listen now!
What is the difference between a traditional home equity line of credit and a Home Equity Conversion Mortgage (HECM) Line of Credit? Listen to today's show to find out!
Who would ever get a reverse mortgage on their home? And better yet, why?
On the show today, Bruce gives you some examples of customers he has recently helped. Maybe you are in a similar situation.
On the show today, Bruce talks about wealth and income inequality.
Middle-income families are much more dependent on home equity as a source of wealth than upper-income families so a reverse mortgage, or any equity release programs play a vital role in allowing these households to free up that much-needed equity.
Education is the key! However, far too many people already “know” all they need to about reverse mortgages. But most of what they “know” is based on partial truths and misinformation. Listen now to get the whole truth and accurate information.
On reverse mortgage radio today, Bruce talks about technology in the reverse mortgage industry. While there is still a lot of paper, the pandemic is forcing the industry to adopt new ways of doing business.
The ways in which people use reverse mortgages can be broken down into three categories:
- Immediate Need
- Financial Planning
On the show today we discuss these uses and how they might work for different people.
Who is the perfect customer for a reverse mortgage? It may not be who you think. Times have changed and so has the FHA Home Equity Conversion Mortgage. The perfect customer from 15 years ago may not be the perfect customer today. Listen now to learn more!
Interest rates are low, property values are still high. On the show today, Bruce shares why now is a great time to get a reverse mortgage.
What are the five most frequently asked questions about reverse mortgages? Bruce asks and answers these questions on the show today.
Are reverse mortgages expensive? First you have to ask: Compared to what? On the show today Bruce will break down the closing costs for a typical reverse mortgage.
One of the really great features of reverse mortgages is that it is a Non-Recourse loan. But what does non-recourse actually mean? On the show today, Bruce will explain not only what it is, but why it is and how it works.
Can you get a reverse mortgage if you have bad credit? What about low income?
What if your home needs repairs? The answer to all of these is "YES! You can", as long
as you meet certain conditions. Bruce talks about these conditions and more on the
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