Category: Reverse Mortgages

Wade Pfau, Ph.D., CFA, RICP® is the founder of Retirement Research. Wade is the Professor of Retirement Income at The American College of Financial Services. Wade earned a PH.D. in economics from Princeton University in 2003 with a dissertation about Social Security reform. Wade Pfau’s book, Reverse Mortgages:  How to Use Reverse Mortgages to Secure Your Retirement, shows how reverse mortgages, when used correctly, can provide an added layer of security for retirees and allow them to enjoy retirement more by gaining liquidity from an illiquid asset.

Michael Branson, the CEO of All Reverse Mortgage, is the author of an excellent blog about reverse mortgages. Some of Michael’s posts include:  “Reverse Mortgage After Death:  What Heirs & Family Must Know,” “Warning:  Reverse Mortgage Downsides & Disadvantages,” and “Reverse Mortgage Insurance Explained.”

PayingforSeniorCare.com strives to be the most complete, up-to-date, and reliable source of simple and easy-to-access information about financial resources for seniors and their loved ones on the internet. Financial products like reverse mortgages aid tens of thousands of retired Americans in paying out-of-pocket healthcare costs and other retirement expenses, and more than 24,000 FHA-secured reverse mortgage were closed in 2019.

The National Reverse Mortgage Lenders Association (NRMLA) works closely with 300 member companies and over 2,000 individual members as well as with Congress, the Department of Housing and Urban Development, bank regulatory agencies, and state legislatures to review and refine the reverse mortgage delivery process.

If you are a homeowner age 62 or older and have paid off your mortgage or paid down a considerable amount, and are currently living in the home, you may participate in FHA’s Home Equity Conversion Mortgage (HECM) program. The HECM is FHA’s reverse mortgage program that enables you to withdraw a portion of your home’s equity.

Since 2000, the HECM Advisors Group has been dedicated to providing truthful, relevant content and conversation about the HECM reverse mortgage to professionals serving people at or in retirement. Through its network, they provide critical expert analysis from professionals spanning various disciplines pertaining to retirees.

Reverse Mortgage Daily is the premier independent source for news, commentary, and analysis covering the reverse mortgage industry.