ARCHIVED BLOG POSTS
2014
"In Lieu of a Retirement Plan…Get a Reverse Mortgage" One of the big misconceptions about a reverse mortgage is that it should be used in lieu of a retirement plan or if a previous plan fell through because of one reason or another. This is not true. This is one of the reasons why the reverse mo...
01/30/2014
"Outside of Your Comfort Zone is Where the Magic Happens…" No truer words have ever been said. I don't know if it's a personality thing or just a more "comfortable" way of doing things but comfort zones are both great and destructive. There's nothing wrong with being comfortable. In the end, we ...
01/29/2014
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Consumers Can Now Get a "Fixed Fortune" We have now unveiled a new fixed-rate HECM loan, the "Fixed Fortune," after unveiling the HECM Fixed Advantage last month, in hopes of giving borrowers more options when looking for a reverse mortgage. The fact of the matter is, fixed products are needed wh...
01/29/2014
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Competence or Confidence? Which is more important? Which one wins over clients? Which one is more effective? Do you need a little bit of both? Can you get by with a lot of one and a little of the other? I like to think I have both and, if my work speaks for anything, is that I'm confident in my c...
01/27/2014
HUD Announces Implementation of Financial Assessment The Department of Housing and Urban Development has finally made a decision in regards to the implementation of the financial assessment to the reverse mortgage program. In addition, it has also made a decision regarding the non-borrowing spous...
01/27/2014
Successful Reverse Mortgage Counseling Can Help Seniors In order to help borrowers who are struggling to pay their property taxes and homeowners’ insurance, CredAbility, a credit counseling and debt management company based in Atlanta, is revitalizing its counseling efforts, reports an article pu...
01/24/2014
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Good Customer Service is Good Business We interact with consumers on a daily basis. Whether it'd be with consumers we hope become clients, consumers who are already clients or clients that we helped in the past and hope we can help again. In hopes of turning a leads into a client we first have to...
01/24/2014
Consumers Share Their Experiences (If They Chose To) The National Reverse Mortgage Lenders Association is taking the necessary steps to make sure consumers are able to share their positive experiences when obtaining a reverse mortgage. According to an article published by Reverse Mortgage Daily, ...
01/21/2014
Reverse Mortgages Make Retirement Plans Easier Thanks to New Software IBIS Software has developed two new software platforms for both loan original and financial planners which will allow them to input reverse mortgages into retirement portfolios based on the 6% rule. The 6% rule is an upcoming t...
01/21/2014
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The Advantage of a HECM Fixed Advantage Days after Reverse Mortgage Funding announced it's plans to offer borrowers the HECM Choice, the fixed-rate reverse program product since HUD eliminate the fixed-rate Standard back in April, Live Well Financial, Inc. unveiled its new product, the HECM Fixed...
01/20/2014
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Phil Stevenson, CRMP
"Mortgage Nerd" in Miami, Florida and Texas