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Is a Reverse Mortgage Right for Me?

Wednesday, November 26th, 2008
These are the questions of so many interested in reverse mortgages …

Is a reverse mortgage … right for me?
Is a reverse mortgage the same thing as a home equity loan?
Is a reverse mortgage for people under the age of 62?
Is a reverse mortgage the best choice?
Is a reverse mortgage safe?
Is a reverse mortgage legal?
Is a reverse mortgage a good idea? (more…)

These are the questions of so many interested in reverse mortgages …

Is a reverse mortgage … right for me?
Is a reverse mortgage the same thing as a home equity loan?
Is a reverse mortgage for people under the age of 62?
Is a reverse mortgage the best choice?
Is a reverse mortgage safe?
Is a reverse mortgage legal?
Is a reverse mortgage a good idea? (more…)

These are the questions of so many interested in reverse mortgages …

Is a reverse mortgage … right for me?
Is a reverse mortgage the same thing as a home equity loan?
Is a reverse mortgage for people under the age of 62?
Is a reverse mortgage the best choice?
Is a reverse mortgage safe?
Is a reverse mortgage legal?
Is a reverse mortgage a good idea? (more…)

For seniors, reverse borrowing can be a financial step forward

Wednesday, November 26th, 2008

By Paula Woessner

Used with permission. This article appeared in Issue 1, 2004, of Community Dividend, a publication of the Federal Reserve Bank of Minneapolis.”

(more…)

By Paula Woessner

Used with permission. This article appeared in Issue 1, 2004, of Community Dividend, a publication of the Federal Reserve Bank of Minneapolis.”

(more…)

By Paula Woessner

Used with permission. This article appeared in Issue 1, 2004, of Community Dividend, a publication of the Federal Reserve Bank of Minneapolis.”

(more…)

Using a Reverse Mortgage to Purchase a Home

Wednesday, November 26th, 2008
by Byron Warnken

The Home Keeper® for Home Purchase is a proprietary mortgage product.Originally developed to suit the needs of individuals whose home values exceeded the HECM standard amounts, it has evolved into a product that individuals can actually use to purchase a home.

(more…)

by Byron Warnken

The Home Keeper® for Home Purchase is a proprietary mortgage product.Originally developed to suit the needs of individuals whose home values exceeded the HECM standard amounts, it has evolved into a product that individuals can actually use to purchase a home.

(more…)

by Byron Warnken

The Home Keeper® for Home Purchase is a proprietary mortgage product.Originally developed to suit the needs of individuals whose home values exceeded the HECM standard amounts, it has evolved into a product that individuals can actually use to purchase a home.

(more…)

Reverse Mortgage Example #2

Wednesday, November 26th, 2008

Brenda, age 65, was absolutely sick of working.She had toyed with the idea of quitting for years, but decided she simply could not afford to live off social security and her small retirement account.The IRA and savings would be drained in less than a year without income.She was a secretary for an oil drilling company executive.Her boss was not a terrible boss, as bosses go.But he was certainly a boss, and Brenda wanted to be free of someone to answer to in her golden years.

(more…)

Brenda, age 65, was absolutely sick of working.She had toyed with the idea of quitting for years, but decided she simply could not afford to live off social security and her small retirement account.The IRA and savings would be drained in less than a year without income.She was a secretary for an oil drilling company executive.Her boss was not a terrible boss, as bosses go.But he was certainly a boss, and Brenda wanted to be free of someone to answer to in her golden years.

(more…)

Brenda, age 65, was absolutely sick of working.She had toyed with the idea of quitting for years, but decided she simply could not afford to live off social security and her small retirement account.The IRA and savings would be drained in less than a year without income.She was a secretary for an oil drilling company executive.Her boss was not a terrible boss, as bosses go.But he was certainly a boss, and Brenda wanted to be free of someone to answer to in her golden years.

(more…)

Age of Youngest Homeowner:

Estimated Home Value:

Estimated Mortgage Balance: