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ARCHIVED BLOG POSTS

2014 

Consumers Have A "HECM Choice" Back in April, HUD did away with the fixed-rate reverse mortgage product because of the potential danger it posed to the Mutual Mortgage Insurance Fund. The problem with the fixed-rate is the borrowers would take out all the fund available at closing or risk losing ...
01/20/2014
Baby Boomers Take Advantage of Their Empty Nests Even while empty nests are potentially becoming a thing of the past, it seems some baby boomers are trying to combat this reverse trend by helping out their children monetarily before letting them move back home. According to an article published i...
01/16/2014
Baby Boomers See, Baby Boomers Do Retirement means something different for everyone. Even before the Recession, I'm sure there were retirees who never thought of retirement as "completely retiring yourself from the workforce and moving to Florida." We are all different, so it stands to reason tha...
01/16/2014
It's Important to Adjust Expectations... No Matter the Situation The retirement expectations of middle income Americans are changing. The preconceived notion that Social Security and Pension funds will be enough to sustain a comfortable retirement is falling by the wayside. A survey, published in...
01/14/2014
Reverse Mortgage FAQ: "Should I Get a Reverse Mortgage If I'm Moving...(Eventually)? A reverse mortgage or a home equity conversion mortgage, is a mortgage that pays you based on your age, home equity and is contingent on whether or not you live in your primary residence. Some homeowners, however...
01/13/2014
"Realtors Need to Know About Reverse Mortgages…" This is the headline in Reverse Mortgage Daily that led me to an article published by Inman.com detailing the benefits of a reverse mortgage for retiring seniors (when done right) as well as the pitfalls (if it is done incorrectly). One of the high...
01/13/2014
In the Content War, is the Disinterested Buyer Your Biggest Enemy? The disinterested buyer is a formidable enemy. They are smart, cunning and unwilling to take the time to hear or what you have to say. If content is the name of the war in this day and age, then the disinterested buyer is your big...
01/12/2014
I reached 200,000 a few days back…and I didn't even notice! Points haven't been the main draw of Active Rain since I joined (back in 2007) but it's still be a rewarding journey nonetheless.  I've seen many bloggers surpass a million (and some even 2 million) but 200,000 has been half a decade in ...
01/10/2014
"The Iceberg of Retirement": Dealing with Hidden Retirement Concerns Retirement concerns for many seniors can stem from one main concern: finances. How will I afford this? Will this be enough to pay for it? How much do I need to save? And the list goes on. However, there are other concerns future...
01/10/2014
"When You Teach a Homeowner to Fish…" We are bombarded with a lot of messages daily, courtesy of advertising, but I sometimes wonder if advertisers ever consider educating consumers first before throwing their "message" out there.  Turns out there is a discrepancy between financial advertising an...
01/08/2014
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Phil Stevenson, CRMP

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