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ARCHIVED BLOG POSTS

2013 

The Benefits of Reverse Mortgage Counseling The importance of reverse mortgage counseling is growing. In June, the Department of Housing and Urban Development awarded the new funding, in the form of $40 million, to housing counseling agencies in hopes of sustaining HUD-approved counseling. The fu...
08/30/2013
When Does a Reverse Mortgage Have to Be Repaid? A reverse mortgage is a viable option for baby boomers looking to supplement their retirement income, and have enough tucked away for a rainy day or as part of a retirement planning option. If you are 62 years of age and older, live in your primary ...
08/30/2013
We Are Not All the Same. Stop Comparing Us. It's out there and it's pulling the wool over your eyes and making you think things that aren't true. It's out there and blinding you to the truth. It's out there and it's keeping you from enjoying our retirement fully. What am I talking about? Misinfor...
08/29/2013
"It's Like Learning a New Language...You Learn The Bad Words First." I was recently sitting down with a client who was considering a reverse mortgage. I was explaining to him the in's and out's of the program so he could determine if it was the best course of action for him during his retirement....
08/29/2013
As Home Prices Rise, Reverse Mortgage Opportunities Surge Home prices continue to rise even though they are still 33% below peak levels, reports an article in Reverse Mortgage Daily, via Clear Capital's latest Home Data Index.  In fact, national home prices gained 9.3% over the last year and 1.6%...
08/28/2013
Broker vs. Banker...The Difference is in the Customer Service It's the endless question, isn't it? What, in fact, makes a broker better than a banker? Two Words: Customer Service! Why? Bankers have a adhere to a rigid, corporate schedule. There is no wiggle room when you are dealing with a banker...
08/28/2013
R.E.S.P.E.C.T. Reverse Mortgages The lack of respect for reverse mortgages continues even as many older Americans, who have used them, continue to rave about their benefits. One couple in particular, Bob and Fran Ciaccia, have taken full advantage of the reverse mortgage they took out in 2005. Us...
08/27/2013
Reverse Mortgage vs. Home Equity Loan The reverse mortgage program is not as "new" as people might think. While it wasn't as well known or sought after as today the first program of its kind began in the 1960's where it remained in relative obscurity until the Department of Housing and Urban Deve...
08/27/2013
Congradulations to Mrs. and Mrs. G! It's great to hear about reverse mortgage success stories, wherever they may be found. They're out there, all you have to do is look.      I am so excited for Mr. and Mrs. G who just closed on their reverse mortgage saving their Huntington Beach home from forec...
08/26/2013
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Golden Debt Years The Golden Years might not be so "golden" anymore, especially because of debt. More and more often, older Americans are retiring to soaring medical care expenses, high credit card balances and the stress of second mortgages, making retiring to a "life of luxury and relaxation" a...
08/26/2013
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Phil Stevenson, CRMP

"Mortgage Nerd" in Miami, Florida and Texas
local_phone(888) 845-6630
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