Reverse Mortgage Archives | Page 2 of 3 | The Richard Woodward Team Nexa Mortgage

Reverse Mortgages This article will provide information about reverse mortgages from a Certified Reverse Mortgage Specialist, Richard Woodward. It will include what you need to do to qualify, when you must repay the loan, and what could trigger a foreclosure. What is a reverse loan? Reverse mortgages allow older homeowners, 55 and older in some…

500,000 Retirees have taken out a Reverse Mortgage and the Number is Growing Reverse mortgages are gaining acceptance by financial planners and smart investors alike. With over 500,000 reverse mortgages originated, the safety has improved, and the cost have come down. Reverse mortgages offer benefits to homeowners who understand how they work. Both locally and…

What are the benefits of a reverse mortgage

Here are six beneficial reasons to use a reverse mortgage. A reverse mortgage is a loan that allows homeowners over 62 to borrow money from the equity in their home. It can be used for anything, but it’s most commonly used as a retirement planning or income resource. The new guidelines for reverse mortgages make…

What is a Reverse Mortgage and how does it work? A Reverse Mortgage is a mortgage specifically designed for those 62 years of age and older who want to have more control over their mortgage and their assets. It is similar to an FHA mortgage but with lots of extra options and protections. They are easier…

More Money is now available for senior clients as the New Reverse Mortgage 2021 maximum claim limits have been released. Those older Americans that have properties valued in excess of $765,600 can begin using the HUD HECM so they do not have to utilize a Non-HUD Reverse Mortgage Program. As a Certified Reverse Mortgage Professional,…

How to List and Sell More Homes to a Retiring Population Reverse Mortgage Webinar

Reverse Mortgages are great tools that every Realtor should understand. By understanding reverse mortgages, Realtors can help seniors sell their current home and buy a new one without a monthly mortgage payment. Many children move from home and start families leaving grandparents miles away. The New Reverse mortgage enables seniors to use the equity they…

A paycheck in retirement can solve many problems. When it comes to getting ready for retirement, one word is paramount; save, save and save. And once you stop working, the last thing you want to do is to ‘spend.’ Now let’s say you diligently worked for 37 years in active service saving and building your…

Home Care for Seniors or those in need. An Introduction

Home care for Seniors or others in need is a topic near to my heart. I work with seniors often in the course of my reverse mortgage business. I am so thankful to be able to help our elders with financial resources to stay in their homes. I am a firm believer that as long…

Save big in retirement with these helpful tips. After a lifetime of hard work, retirement seems like a finish line that many seniors can’t wait to reach. But the absence of a steady income and the high costs of housing, healthcare, utilities, and food isn’t cutting it for many seniors. That’s why we have compiled…

The New Reverse Mortgage has changed dramatically. I am hosting The NEW Reverse Mortgage Seminar for individuals. The NEW reverse mortgage has many new improvements and protections. Find out what you are missing out on. Do you know anyone retiring? The vast majority of Americans that have recently retired or retiring today may find themselves…