But let’s not act like that cash is falling out of the sky. It’s not a gift, it’s aloan.By definition, that means a reverse mortgage isdebt. And you may not have to pay it back right away, but someone will eventually—and that someone could be one of your family members after...
For homeowners age 62 and older, the federally insuredHome Equity Conversion Mortgage(HECM) is the most common reverse mortgage product. Over the last 15 years, the HECM has undergone significant changes, becoming a popular tool for retirees seeking assistance with cash flow, liquidity, tax plannin...
Beth Paterson has authored books about Reverse Mortgages including Understanding Reverse Mortgages…Financing For Seniors May Be Right Under Their Roof, a reverse mortgage guide, which answers many questions about Reverse Mortgages dispelling the myths and providing the facts, along with the positives and...
Opportunities in the reverse-mortgage business continue to be strong, despite some challenges...(Real) Estate Planning: Adult Children of Seniors Considering Reverse Mortgages Are Being Introduced to the Product Either as Interested Family Members or as Their Patents' Representatives. This Natural ...
cuisine or language. But sometimes the worst culture shock of all comes when you return home.Reverse culture shockis the name people give to that feeling of not fitting in to your home country, and you’re especially at risk of it if you return home after living abroad for an extended ti...