Will a Reverse Mortgage Help Me in Retirement? • Elisabeth Pickle Law, P.L.C.

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Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM), and is only available through an FHA-approved lender.

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The Heartland Reverse Mortgage - Live a more comfortable retirement The Surprising Figure That Can Torpedo Your Chances at Getting a Mortgage . Use this tip to get a great mortgage. laura-miller-edwards.cb1.so Finding a home you can afford is hard enough these days. But even that’s only half the battle: If you’re like most buyers, you still have to qualify for a mortgage, too.

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We have put together this page to help seniors in California learn about reverse mortgages, particularly the Home Equity Conversion Mortgage (HECM). CA is the most populous of the 50 states, boasting nearly 40 million people, 10% of whom are over the age of 60.

Dream Retirement Home. Buy or build the home you really want with an FHA-insured H4P Reverse Mortgage from Alpha Mortgage. Down payments are about 1/2 of the purchase price and won’t pay monthly mortgage payments for as long as you live in the home.

My dad just retired with a pension. New hires who replaced him don’t have pensions because my dad fought against the union at his workplace. After he dies, my hypochondriac mother will spend any remaining money on medical bills. When she runs out of money, she’ll reverse mortgage the house.

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