Reverse Mortgage Radio Show
"Rewirement: Changing the way you think about retirement" is a book by Jaime Hopkins that Bruce is talking about on the show today.
What happens to the equity in your home when you get a reverse mortgage? Spoiler alert - The lender does NOT take all your equity, or your home when you pass away for that matter. Bruce will talk about this on the show today. He also will give an important government update about pending legislation that can impact reverse mortgages.
It’s been a while since Bruce has talked about “Financial Assessment “ so that is the topic for todays Reverse Mortgage Radio Show. Bruce explains terms like “Willingness” & “Capacity” mean and also talks about what happens if you don’t qualify for a HECM reverse mortgage loan? Hint, you may still be able to get a reverse mortgage.
What is in the cards for the future of reverse mortgages? Bruce talks about three proposals that HUD has made in their in its “Housing Finance Reform” plan that affect the Home Equity Conversion Mortgage program. Noting is final yet, but these changes could dramatically change the HECM program.
What's stopping you from getting a reverse mortgage? In today's show, Bruce identifies seven reasons people do not get a reverse mortgage. Some are good reasons, depending upon your situation, some are due to lack of information or misinformation.
On the show today, Bruce welcomes Mike and Jill from ViCare Solutions. They specialize in helping families make the best care decisions while saving valuable time and money. They help people qualify for Medicaid with more financial options than most people know exist. Listen now for the fascinating and informative conversation.
Interest rates are near all time lows. What does that mean for HECM reverse mortgages? It means that you can qualify to receive more money from the HECM than you could when rates were higher. With property values still at all time highs, there's never been a better time to get a reverse mortgage.
Time to grab your floaties, your life preserver, anything that'll float, because today, Bruce is jumping in the deep end of the mortgage insurance pool. All FHA insured reverse mortgages, called Home Equity Reverse Mortgages (HECM), have mortgage insurance. But Why? That's the topic of today's show.
"The Three Buckets". On the show today, Bruce talks about a chapter in the excellent book written by Harlan Accola called "Home Equity and Reverse Mortgages". Bruce discusses the chapter about the The
Three Buckets, monthly income, nest egg & home equity. Listen now for the very informative details.