There are significant changes to the reverse mortgage (HECM - Home Equity Conversion Mortgage) coming on October 2, 2017. The government insured loan allowing homeowners 62 and over to access a portion of their equity will allow a smaller amount of equity to be tapped.
That means that if you have been thinking about getting a reverse mortgage in order to eliminate your current mortgage payment, [...]
“After factoring in supplemental insurance premiums and other uninsured health costs, the average retiree only takes home 75% of his or her Social Security benefits, according to a new study from researchers at Tufts University and Boston College.
The researchers also warn that they only analyzed medical expenses, citing a 2017 paper that concluded that housing costs, taxes, and [...]
Silver Leaf Mortgage, Inc.
Matthew Witt NMLS# 1638881
James J. Doyle NMLS# 335659
Kathleen C. Muni NMLS# 1368981
Robert C. Muni NMLS# 719030
DiAnne Cooper NMLS# 1620581
Nate Rees NMLS# 1830587