Who owns my home with a Reverse Mortgage?

Who owns my home with a Reverse Mortgage?

Who owns my home with a Reverse Mortgage? In short, you do.  There is a false conception that if you do a Reverse Mortgage you are giving your home to the bank and the bank is letting you live in it for the rest of your life. Fortunately, this is not true.  A...
Most Common Reverse Mortgage Scenarios

Most Common Reverse Mortgage Scenarios

There are many reasons people do Reverse Mortgages but today’s article shows the most common Reverse Mortgage Scenarios. Depending on your situation a Reverse mortgage could be an absolute life changer. Or it may just provide nominal improvement to your already...
HECM Reverse Change – LIBOR vs. CMT

HECM Reverse Change – LIBOR vs. CMT

If you have a Reverse Mortgage or are thinking of getting one then a HECM Reverse Change issomething you keep an eye on. Every year around the end of September and again in December FHA/HUD likes to surprise the HECMReverse Mortgage industry with changes. Sometimes...