The Complete Guide To Reverse Mortgages
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Author | : Tammy Kraemer |
Publisher | : Simon and Schuster |
Total Pages | : 216 |
Release | : 2007-08-01 |
Genre | : Business & Economics |
ISBN | : 1440501025 |
Get the most from your home! Until recently, there were only two main ways you could get cash from your home: sell it or borrow against it and make monthly loan repayments. Reverse mortgages offer a third way of getting money from your home. If you are a homeowner, age 62 and older, you are eligible to apply for a reverse mortgage loan that converts your home equity into a tax-free income. With The Complete Guide to Reverse Mortgages, you’ll learn all you need to know to earn the supplemental income you need, without worrying about: • Having to sell your home • Giving up your title • Taking on a new monthly mortgage payment This invaluable guide explains everything you need to know about reverse mortgages and how to use them to your advantage. With practicing attorneys Tammy Kraemer and Tyler Kraemer leading the way, you will learn the step-by-step process to getting a reverse mortgage and making the best of your retirement!
Author | : Wade Donald Pfau |
Publisher | : McLean Asset Management Corporation |
Total Pages | : 156 |
Release | : 2018-02-06 |
Genre | : Finance, Personal |
ISBN | : 9781945640049 |
Reverse mortgages have been surrounded by negativity. They were often mentioned alongside phrases like "last resort," "out of money," and "bad choice." In 2014, intrigued by the seemingly universal bad rap reverse mortgages had cultivated, Dr. Wade Pfau began researching them in depth. Over the course of the next year, he came to the conclusion that reverse mortgages aren't inherently a bad idea, though they are often misunderstood and not used in a most beneficial way. In fact, Dr. Pfau realized that reverse mortgages---when used correctly---can provide an added layer of security for retirees and allow them to enjoy retirement more by gaining liquidity from an illiquid asset. This second edition of the book is fully revised and updated for the modification of reverse mortgage rules affecting applications after October 2, 2017.
Author | : Vishaal B. Bhuyan |
Publisher | : John Wiley & Sons |
Total Pages | : 256 |
Release | : 2010-10-26 |
Genre | : Business & Economics |
ISBN | : 047092151X |
An institutional investor's guide to the burgeoning field of reverse mortgage securitization Reverse Mortgages and Linked Securities is a contributed title comprising many of the leading minds in the Home Equity Conversion Mortgages (HECM) industry, including reverse mortgage lenders, institutional investors, underwriters, attorneys, and regulators. This book begins with a brief history of reverse mortgages, and quickly moves on to discuss how the industry has evolved-detailing the players in these markets as well as the process. It discusses the securitization of reverse mortgages and other linked securities and includes coverage of pricing techniques and risk mitigation. This reliable resource also takes the time to cover the current regulatory environment of the HECM market, which is constantly changing due to the current state of the real estate market. Highlights specific strategies that will allow institutional investors to benefit from the resurgence of reverse mortgages and linked securities One of the only guides to reverse mortgages and linked securities targeted towards institutional investors interested in securitized products If you want to make the most of reverse mortgages and linked securities, take the time to read this book.
Author | : Shelley Giordano |
Publisher | : People Tested Media |
Total Pages | : 154 |
Release | : 2015-08-17 |
Genre | : |
ISBN | : 9780996459877 |
People entering, nearing, or in retirement are all wondering how they are going to make their retirement nest eggs last as long as they do. Studies show that the main fear that people have in retirement is running out of money. Add to that the reality that the rules for retirement have changed; government regulations have both helped and hindered those who are retiring. For many in the Boomer generation, it will be a challenge to make the money last without having to adhere to an unpleasant budget. To survive and thrive in retirement in the coming years requires new thinking and a clear understanding of the options open to retirees. One of these options is the Home Equity Conversion Mortgage, or what most people know as "reverse mortgages." This advancement was signed into law by President Reagan in 1988 as a way to provide homeowners the opportunity to raise funds from their home equity while continuing to enjoy living in their homes. The concept of reverse mortgages has been misunderstood and misapplied by many since that time and finally a book has arrived that thoroughly explores this concept in a detailed, yet readable manner. In What's the Deal with Reverse Mortgages?, Shelley Giordano, an expert of reverse mortgages and member of the Longevity Task Force, a group of thought leaders in retirement portfolio theory, has written a book that discusses the significant improvements made by HUD/FHA to the Home Equity Conversion Mortgage (HECM.) Over the years, and most notably in 2015, HUD has improved consumer safeguards, and reduced acquisition costs for those wishing to use their housing wealth in a controlled and strategic pattern. Shelley has brought together thought leaders and experts to write a book that applies sound analysis to demonstrate that the prudent and conservative use of housing wealth, accessed via the modern HECM, can have a profound positive effect on our other assets and our ability to generate income for retirement. This book debunks the hoary old myths attached to reverse mortgages. It explains how the HECM has evolved to meet the needs of the Boomer generation. And most importantly, it explains how to evaluate your housing wealth in the early years of retirement, and why you should never wait and pray by deferring a reverse mortgage as a last resort. Reading this book will provide you with a full understanding of reverse mortgages to see beyond the current sales and advertising tactics related to the product allowing you to discuss the best options with your adviser, banker and family. It's the definitive book on reverse mortgages!
Author | : Bhuyan |
Publisher | : |
Total Pages | : |
Release | : 2011-10-04 |
Genre | : |
ISBN | : 9781118241707 |
Author | : Zander Cole |
Publisher | : Independently Published |
Total Pages | : 0 |
Release | : 2023-11-15 |
Genre | : |
ISBN | : |
Unlock Your Home Equity TODAY for the Retirement of Your Dreams! Do you find yourself asking: What if I could tap into my home equity for extra retirement income...rent and mortgage free? How much cash could I get from my house without having to move? Are reverse mortgages as risky as people say or a retirement game-changer? If so, this comprehensive guide is for you! In this Reverse Mortgage Handbook, Zander Cole cuts through the confusion, myths, and jargon to help you determine if converting your home equity into an income stream is the right move. With insider tips and strategies, you'll discover: ✓ The different types of reverse mortgages and how to pick the best one ✓ Creative ways to maximize your lendable home equity ✓ How to qualify and calculate your potential "cash-out" amount ✓ The pros and cons of lump sum payouts vs. monthly income ✓ Ways to involve your heirs and plan your estate ✓ Pitfalls to avoid and scenarios when a reverse mortgage shines ✓ Alternatives beyond traditional reverse mortgages ✓ Pages of Worksheets and calculators ✓ And much, much more! GET YOUR COPY NOW !
Author | : Vishaal B. Bhuyan |
Publisher | : John Wiley & Sons |
Total Pages | : 225 |
Release | : 2011-12-19 |
Genre | : Business & Economics |
ISBN | : 1118241738 |
AARP Digital Editions offer you practical tips, proven solutions, and expert guidance. Reverse Mortgages and Linked Securities is a contributed title comprising many of the leading minds in the Home Equity Conversion Mortgages (HECM) industry, including reverse mortgage lenders, institutional investors, underwriters, attorneys, and regulators. This book begins with a brief history of reverse mortgages, and quickly moves on to discuss how the industry has evolved-detailing the players in these markets as well as the process. It discusses the securitization of reverse mortgages and other linked securities and includes coverage of pricing techniques and risk mitigation. This reliable resource also takes the time to cover the current regulatory environment of the HECM market, which is constantly changing due to the current state of the real estate market. Highlights specific strategies that will allow institutional investors to benefit from the resurgence of reverse mortgages and linked securities One of the only guides to reverse mortgages and linked securities targeted towards institutional investors interested in securitized products If you want to make the most of reverse mortgages and linked securities, take the time to read this book.
Author | : Dan Hultquist |
Publisher | : |
Total Pages | : 134 |
Release | : 2020-12-06 |
Genre | : |
ISBN | : |
What is a reverse mortgage? Is it more than a loan program for those who are "house-rich, but cash poor?" How does the "non-recourse feature" protect homeowners and their heirs? Can the available line of credit and its growth rate be used for insurance and financial planning purposes?This book answers these questions and many more in a user-friendly way and is the most comprehensive educational tool available on reverse mortgages. It should be read by baby boomers, retirees, heirs, financial planners, housing counselors, HECM counselors, Realtors(R), brokers, financial journalists, mortgage professionals, estate planners, and of course all homeowners who want greater assurance that they can comfortably grow older in their own homes.
Author | : David Alexander Bridewell |
Publisher | : Senior Lawyers Section |
Total Pages | : 324 |
Release | : 1997 |
Genre | : Aged |
ISBN | : |
Author | : Grantian Network |
Publisher | : Grantian Network Inc |
Total Pages | : 24 |
Release | : 2011-01-26 |
Genre | : Business & Economics |
ISBN | : 1613570074 |