What Happens if We Have Another Real Estate Bubble?

Remember when, before the last real estate bubble, you had a home equity line of credit?  What happened when property values dipped?  Or, were you one of the many homeowners seeking to refinance to take out money you’ve worked so hard for trapped as equity in your...

Change is a Good Thing!

If you’ve been researching Reverse Mortgage programs you’re certain to have heard about changes happening October 2nd.  In fact, the last 2 weeks of September have found nearly every National Reverse Mortgage counseling service completely booked so that those seeking...

Home Equity Loan Versus the HECM

You’re retired or retiring.  Your high power earning opportunities have peaked.  Your home mortgage is nearly paid off.  You want to enjoy the fruits of your labors.  What if you wanted some extra cash would you qualify for a mortgage to pull cash out of your home?...

Apple Pie and Equity

I was discussing with a very knowledgeable friend about what he would do if he had a kazillion dollars.  He listed off the trips, the cars, the houses.  “I wouldn’t need a reverse mortgage then!” he exclaimed. Really?  I actually think you might still really want...