By Maggie O'ConnellThe HECM Reverse Mortgage Saver option is worth looking into. Start off right by keeping the upfront fees as low as possible. If you have a lot of equity with no mortgage or a mortgage balance that is low, you can take advantage of generating a monthly income from some of you
...
07/21/2012
More and more, Realtors will encounter reverse mortgages. Either with a listing where a reverse mortgage is to be paid off or using a reverse mortgage as purchase financing. The National Association of Realtors is hosting a webinar on reverse mortgages. It will be held Thursday, June 28th at 3
...
06/16/2012
Do you need your investments to perform better or a reverse mortgage? A recent article in the Wall Street Journal tells us it doesn’t matter if your investments perform well…. most retirees don’t have enough savings to matter. Author Tom Lauricella goes on to say that home equity is still most
...
05/27/2012
Have You Prepared Your Power of Attorney Document? It's very important to have in place, a Durable General Power of Attorney for financial transactions in the event you become incapacitated. Many families are now assisting their aging parents in finding ways to pay for in-home care. A natura
...
05/17/2012
If you are looking into supplementing your retirement income through a reverse mortgage and you are on Medicaid (Medi-cal) or Supplemental Security Income (SSI) or want to maintain eligibility for these programs in the future, it is important to understand these service’s asset limitations. Th
...
04/09/2012
Now is the time to get HUD Reverse Mortgage counseling for HECM loans for seniors. Maybe you don't know if you want a reverse mortgage or not and you're hesitant to contact a reverse mortgage lender. That's okay! You can now get reverse mortgage counseling at no cost because of HUD grants for rev
...
03/30/2012
The reverse mortgage line of credit is a wonderful thing. It won’t be taken away from you if your value drops (like conventional HELOCs). You’re not charged interest on the money until you take draws. And a really great feature is the amount available in your reverse mortgage credit line increas
...
03/24/2012
This booklet provides a simple way to learn about reverse mortgages. Enjoy!
03/22/2012
This short video set on a snowy day describes who Maggie O'Connell is and how she helps senior homeowner's understand reverse mortgages and go through the reverse mortgage loan process..
03/17/2012
This is a question I am asked on occasion and it catches me by surprise every time because it seems to be such a basic part of reverse mortgages. That is, tapping equity to use in retirement. But it reminds me also that reverse mortgages remain a mystery to some. A reverse mortgage is wonderful f
...
03/04/2012
