Financial Planner Takes Aim at Reverse Mortgages, Industry Expert Responds – Reverse Mortgage Daily

How much money can I get from a reverse mortgage Four Predictions for Reverse Mortgage in 2016. Here are four things that experts predict will impact reverse mortgages in 2016.. but HUD rules are always a wild card when it comes to reverse mortgages. Financial planners will continue to incorporate reverse mortgages.

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Even before usa today published an article this month taking aim at reverse mortgages and the associated industry’s practices, the news outlet had previously published articles that relate caution to its readers concerning the idea of engaging in a reverse transaction. One such article was posted.

financial planner takes aim at Reverse Mortgages, Industry Expert Responds – Reverse Mortgage Daily Historically, the conventional wisdom in financial planning circles viewed the use of reverse mortgages as a last resort (Sacks and Sacks 2012). The evolution of the reverse mortgage market led some notable financial planners and researchers to question the validity of the conventional wisdom.

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If you own your own home and are at least 62 years of age, a reverse mortgage provides an opportunity to convert your home equity into cash. In the most basic terms, the reverse mortgage allows.

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"The reverse mortgage was a tool to get the annuity sale," said Mr. Black, who acts as an expert witness in securities and insurance litigation in addition to being a financial adviser. "Reverse.

New rules that are in the process of being implemented for reverse mortgages may prompt more lenders to work with financial planners and their clients, says Michael Kitces, director of research.

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