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01Mar

How to Avoid Reverse Mortgage Scams

For every successful financial product, there are a host of bad characters who manipulate such products for their own means, rather than in their clients’ best interests. To best understand the financial tool that is a reverse mortgage and common methods to scam, it is best to first begin by comparing and understanding the similarities and differences between the reverse mortgage and a traditional mortgage. ..Read More>>

27Feb

Can a Reverse Mortgage be a Retirement Tool?

Imagine having an extra $25,000 dollars right now. How would you spend it?

Capital is known to become dry for persons over the age of 62. Most Americans near or past that age choose to retire and then must live off of savings that they built due to their excellent foresight during their younger years. ..Read More>>

31Jan

How a Reverse Mortgage can Impact Your Taxes

Are you interested in receiving a no risk cash infusion?

After contributing to society for decades, many retirees love the options that their new lifestyle has. This can include the opportunities to kick back, relax, and devote your free time to tackling your unique interests. Common interest pursued by retirees can include, and is not limited to painting, travel, or spending more time with your family—especially your grandchildren. ..Read More>>

17Dec

The Federal Reserve Rate Hike and Reverse Mortgages

The rate hike and reverse mortgages will have an impact on the industry. Just yesterday (on 12/16/2015), the Federal Reserve increased the rate for the first time in just about 10 years. How will the federal reserve increase in the interest rate impact reverse mortgages?

This is an important question to consider moving forward as loans will typically cost the consumer more money. Does the same apply to reverse mortgages? This is what this post attempts at explaining to interested consumers. ..Read More>>

14Dec

Top 10 Reverse Mortgage Myths

In this post, we will cover the top 10 reverse mortgage myths. Facts will also be displayed to dispel the myths which linger around this financial product. From bloggers, to children of parents, to actual consumers themselves, there is false information being spread and it is our goal to dispel any myths. Regardless of where they originated.

There is plenty of social proof to back up the claim this is a truly helpful financial product. Just in 2014, over $4,000,000,000.00 in reverse mortgages were completed in the USA. ..Read More>>

29Nov

Top 3 Reverse Mortgage Myths

In this blog post, we will share the top 3 reverse mortgage myths. With the recent increase of TV ads for reverse mortgages, some advertisements may seem to make this unique financial product appear to good to be true. This is not the case. The reverse mortgage in certain situations can be the best option and in others, will not be the best option. ..Read More>>

16Nov

CNBC Reverse Mortgages – Coverage Alert

Our CNBC reverse mortgage coverage alert pertains to the recent article written on October 26th 2015, titled – “Reverse Mortgages: Useful Retiree Tool or Bad Move?”

It is our goal to formulate our opinion on their article and add our commentary to the CNBC reverse mortgage article.

First, the article hints that this type of unique mortgage product was once viewed as a last resort. Shop Reverse Mortgages would have to respectfully disagree with this connotation. ..Read More>>

07Nov

Florida Reverse Mortgage News

Reverse mortgages in Florida are making a surprising turnaround. Just a few years ago in 2012, when the housing market declined, it was known as the latest housing bubble. Housing prices were significantly slashed making traditional refinances along with reverse mortgages hard to fund.

The reasoning is simple, people were surprised to hear the value of their homes was so significantly low. With appraised values at an all-time low, many quickly realized they did not have the equity in the home they once thought they had.

This led to many people walking away form their homes as they were actually upside down. Banks faced more foreclosures and it was a grim situation. ..Read More>>

04Aug

Reverse Mortgage Pros and Cons

Reverse mortgage pros and cons are a great way to identify if a reverse mortgage is for you. With any financial product there are usually pros and cons to consider before making a commitment.

In this blog post we will identify the typical pros and cons of reverse mortgages.

Reverse Mortgage Pros – What’s in it for You?

House-rich and cash-poor? Reverse mortgages are gaining in popularity for a reason. They are a fantastic option to unlock home equity and increase disposable monthly income. The following are all reverse mortgage pros: ..Read More>>

10Jul

How Do I Know if I Qualify for a Reverse Mortgage?

Qualifying for a Reverse Mortgage

How do I know if I qualify for a reverse mortgage? That is a common question we receive here at ShopReverseMortgages.com, so we figured this would make the perfect first blog post.

Qualifying for a reverse mortgage is simple if you meet certain criteria. It is likely easier to qualify than one would believe.

In this blog post, we will look at all factors that are necessary to qualify for a reverse mortgage. ..Read More>>

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