Reverse Mortgage Benefits Can Go a Long Way

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reverse mortgage benefits

For retirees looking to use their homes as income during retirement, they have one or two choices: either downsize or get a reverse mortgage, according to a new ebook from the Center for Retirement Research at Boston College. The booklet, Using Your House for Income in Retirement, is filled with infographics, definitions, examples and other… Read more »

Have You Seen the Latest HUD Guidelines?

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latest HUD guidelines

Latest HUD Guidelines The latest HUD guidelines have been released. Under Mortgagee Letter 2014-07 (April 25, 2014) (Non-Borrowing Spouse) released by HUD earlier today, HUD announced that, effective for Case Numbers for HECM loans issued on or after August 4, 2014, if and for so long certain new and important requirements are met, the spouses… Read more »