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Reverse Mortgage Basics
A reverse mortgage is a loan that allows homeowners over the age of 62 to access the equity they’ve built ... Read More »
Reverse Mortgage Information
If you are here to learn about reverse mortgages – we can help. Call us now and ask for Steve. He ... Read More »
Reverse Mortgage Industry News
- Resolute Bank Exits Reverse Mortgage BusinessMaumee, Ohio-based Resolute Bank has ceased originating Home Equity Conversion Mortgage (HECM) loans, RMD has learned. A company representative confirmed by phone that Resolute stopped offering reverse mortgages within the last month. Resolute Bank President Kevin Rahe told RMD that the exit had very little to do with reverse mortgage-specific issues such as changes made […]
- Aging in Place Threatened by Rising In-Home Care CostsThe costs associated with “homemaker” services – which assists older adults with tasks including cooking, cleaning, and running errands – and home health aides – who assist older adults with bathing, dressing and eating – are rising at a faster rate than nursing home care, making assistance with basic tasks more expensive. This is according […]
- Harvard Study: Home Equity Will Be Critical for Aging AmericansHouseholds with housing cost burdens have reached an all-time high, and many households led by those in the senior age demographic have failed to recover from the financial crisis that began in 2008. This has exacerbated the need for affordable and accessible housing and in-home care, and the ability to build home equity will be […]