Reverse mortgages cleaned up

Reverse mortgage market has been “cleaned up,” say financial advisors. Innovative approaches to protecting retiree portfolios. CNBC Investor tool kit. Novel approaches include structured notes and no-load modified endowment contracts. No-load modified endowment contracts provide certain minimum guarantees. Deborah Nason | @dnason Once you’ve stopped working, what steps can be taken to protect your retirement…

Researcher: No “Rational Reason” to Avoid Reverse Mortgages As the American population ages, experts have increasingly pointed to home equity as a key source of retirement income — even as many older homeowners remain hesitant to tap into it for reasons that continue to confound both academics and players in the mortgage industry. Steven Sass,…

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**The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, you are required to consult with a qualified independent housing counselor and include family members and other trusted advisers before making this decision. This information is not from HUD or FHA and was not approved by HUD or any government agency.

Reverse mortgages cleaned up

Archive for April 18, 2017