Download or read book Reverse Mortgage Risks written by J. Burton Anderson and published by Lions Pride Publishing Co., LLC. This book was released on 2014-09-15 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an extensive study of the many risks inherent in assuming a reverse mortgage. In over 31,000 words it explores the many misconceptions about this "safe, tax free, government money" and explains what occasions a reverse mortgage might be a good idea. It also explains the imminent changes to the program which will make reverse mortgages far less desirable in any situation.

Download or read book Reverse Mortgage Risks written by J. Burton Anderson and published by Lion's Pride Pub.. This book was released on 2014-09-14 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Reverse Mortgage Risks" is a complete carefully-researched dissertation on the pros, cons, downsides and disadvantages of a Reverse Mortgage. Often touted in commercials by paid celebrity announcers as the greatest product ever created for senior citizens, it is anything but that. There are many "catches" that are seldom revealed up front, and the many supposed "myths" about Reverse Mortgages turn out to be ugly facts! For anyone contemplating actually doing a Reverse Mortgage, the author suggests that they do so in a hurry or risk disappointment. The government, because of the many unintended consequences of Reverse Mortgages (such as a large number of foreclosures) is contemplating soon making many changes that may drastically reduce the amount of cash a senior will be able to access. The author wrote this book to be a fundamental reference manual on Reverse Mortgages. It is not only a must-read for seniors, but also for their adult children as well. It is even suggested that Loan Originators, who often know only what the lenders for whom they work want them to know, should also read this book. Financial Planners, many of whom are clueless about the risks inherent in Reverse Mortgages, should study this book in detail. So might any attorney or accountant who might be asked by a client about the Reverse Mortgage product.

Download or read book Reverse Mortgages and Linked Securities written by Vishaal B. Bhuyan and published by John Wiley & Sons. This book was released on 2010-10-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: An institutional investor's guide to the burgeoning field of reverse mortgage securitization Reverse Mortgages and Linked Securities is a contributed title comprising many of the leading minds in the Home Equity Conversion Mortgages (HECM) industry, including reverse mortgage lenders, institutional investors, underwriters, attorneys, and regulators. This book begins with a brief history of reverse mortgages, and quickly moves on to discuss how the industry has evolved-detailing the players in these markets as well as the process. It discusses the securitization of reverse mortgages and other linked securities and includes coverage of pricing techniques and risk mitigation. This reliable resource also takes the time to cover the current regulatory environment of the HECM market, which is constantly changing due to the current state of the real estate market. Highlights specific strategies that will allow institutional investors to benefit from the resurgence of reverse mortgages and linked securities One of the only guides to reverse mortgages and linked securities targeted towards institutional investors interested in securitized products If you want to make the most of reverse mortgages and linked securities, take the time to read this book.

Download or read book Reverse Mortgage Dangers written by Jim Anderson and published by Createspace Independent Pub. This book was released on 2012-07-07 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Licensed Loan Originator Jim Anderson has participated directly in the Reverse Mortgage industry as an insider for a decade and come to startling conclusions. Risking his career to help seniors avoid making a costly mistake, he wrote Reverse Mortgage Dangers as a daring warning. Seldom are senior citizens given all possible negatives of this “free no-risk money”, and told the many pitfalls they must seriously consider before signing anything. “Sometimes a reverse mortgage is a good idea, but most often it is not”, declares Anderson. He explains the pros, cons, pitfalls, drawbacks and disadvantages of this poorly-understood financial instrument. This unique book explains the many secrets of this highly-touted “safe and secure free seniors' money” , covering scams, frauds, and other problems. Is a reverse mortgage ever a good idea? Is it a banking scheme or a government blessing? This unique fact-filled book has all the remarkable useful answers.

Download or read book Reverse Mortgage written by Daniel Shore and published by Freegulls Publishing House. This book was released on with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: A reverse mortgage allows homeowners aged 62 or older to access a portion of the equity they have built up in their homes over the years. The amount that can be borrowed depends on factors such as the homeowner's age, the appraised value of the home, and current interest rates. One of the key features of a reverse mortgage is that it does not require monthly payments like a traditional mortgage does. Instead, the loan balance increases over time as interest accrues on the borrowed amount. The homeowner retains ownership of the home and can continue to live in it as long as they comply with the loan terms, which typically include maintaining the property and paying property taxes and homeowners insurance. Repayment of the loan is usually deferred until the homeowner moves out of the home permanently, sells the home, or passes away. At that point, the loan must be repaid, usually through the sale of the home. Any remaining equity after the loan is repaid belongs to the homeowner or their heirs. Reverse mortgages can be a valuable financial tool for seniors who need additional income during retirement or want to access their home equity without selling their home. However, they also come with certain risks and considerations, such as potential fees, interest rates, and the impact on inheritances. It's essential for homeowners to carefully consider their options and consult with a financial advisor before deciding if a reverse mortgage is right for them.

Download or read book Reversing the Trend The Recent Expansion of the Reverse Mortgage Market written by and published by DIANE Publishing. This book was released on with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book AARP Reverse Mortgages and Linked Securities written by Vishaal B. Bhuyan and published by John Wiley & Sons. This book was released on 2011-12-19 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: AARP Digital Editions offer you practical tips, proven solutions, and expert guidance. Reverse Mortgages and Linked Securities is a contributed title comprising many of the leading minds in the Home Equity Conversion Mortgages (HECM) industry, including reverse mortgage lenders, institutional investors, underwriters, attorneys, and regulators. This book begins with a brief history of reverse mortgages, and quickly moves on to discuss how the industry has evolved-detailing the players in these markets as well as the process. It discusses the securitization of reverse mortgages and other linked securities and includes coverage of pricing techniques and risk mitigation. This reliable resource also takes the time to cover the current regulatory environment of the HECM market, which is constantly changing due to the current state of the real estate market. Highlights specific strategies that will allow institutional investors to benefit from the resurgence of reverse mortgages and linked securities One of the only guides to reverse mortgages and linked securities targeted towards institutional investors interested in securitized products If you want to make the most of reverse mortgages and linked securities, take the time to read this book.

Download or read book Reverse Mortgages written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 2010 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Report on Reverse Mortgages written by Canadian Centre for Elder Law Studies and published by . This book was released on 2006 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reverse Mortgages written by David Alexander Bridewell and published by Senior Lawyers Section. This book was released on 1997 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Aarp Reverse Mortgages and Linked Securities written by Bhuyan and published by . This book was released on 2011-10-04 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reverse Mortgages for Senior Homeowners written by Bob LaFay and published by Dearborn Trade Publishing. This book was released on 2003 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Long term Sustainability for Reverse Mortgages written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing, Transportation, and Community Development and published by . This book was released on 2013 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reverse Mortgages written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-08 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reverse mortgages-a type of loan against home equity available to seniors-are growing in popularity. A large majority of reverse mortgages are insured by the Department of Housing and Urban Development (HUD) under its Home Equity Conversion Mortgage (HECM) program. The Housing and Economic Recovery Act of 2008 (HERA) made several modifications to the HECM program, including changes in how origination fees are calculated and an increase in the loan limit. The Act directed GAO to examine (1) how these changes have affected lenders' plans to offer reverse mortgages, (2) how the changes will affect borrowers, and (3) actions HUD has taken to evaluate the financial performance of the HECM program. To address these objectives, GAO surveyed a representative sample of HECM lenders, analyzed loan-level HECM data, and reviewed HUD estimates and analysis of HECM program costs. GAO makes no recommendations in this report. HUD concurred with the

Download or read book Reverse Mortgage Essentials written by Steve Lawson and published by Trafford on Demand Pub. This book was released on 2004-01-01 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's economy has proven financially challenging for many investors, and seniors are no exception. Reverse mortgages enable these seniors to turn their home equity into cash without loan payments and without risk of losing their home. This government-insured financial tool is exploding in popularity. Reverse Mortgage Essentials explains the basics of a reverse mortgage using easy-to-understand terminology and examples. The book then introduces several valuable planning strategies made possible by the use of reverse mortgages.

Download or read book Retirement Income on the House written by Ken Scholen and published by Nchec Press. This book was released on 1992 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book is your complete guide to all types of reverse mortgages."--Cover.

Download or read book The Complete Guide to Reverse Mortgages written by Tammy Kraemer and published by Simon and Schuster. This book was released on 2007-08-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Get the most from your home! Until recently, there were only two main ways you could get cash from your home: sell it or borrow against it and make monthly loan repayments. Reverse mortgages offer a third way of getting money from your home. If you are a homeowner, age 62 and older, you are eligible to apply for a reverse mortgage loan that converts your home equity into a tax-free income. With The Complete Guide to Reverse Mortgages, you’ll learn all you need to know to earn the supplemental income you need, without worrying about: • Having to sell your home • Giving up your title • Taking on a new monthly mortgage payment This invaluable guide explains everything you need to know about reverse mortgages and how to use them to your advantage. With practicing attorneys Tammy Kraemer and Tyler Kraemer leading the way, you will learn the step-by-step process to getting a reverse mortgage and making the best of your retirement!