reverse mortgage: No Pushing! - 04/09/08 10:52 AM
Last week I had an appointment with a gentleman who was interested in a reverse mortgage. In fact, all indications were that he was going to take very little convincing. His wife had a debilitating stroke 7 months ago, and has been hospitalized ever since. She is unable to speak and … (1 comments)
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reverse mortgage: Reverse Mortgage vs. REX Agreement - 03/10/08 11:42 AM
Over the weekend, I received the following question from a reader in Illinois:
Corey - do you have any thoughts on the REX Agreement? They have been advertising a lot here in Chicago and I’d like to understand how it works better. They are extremely complicated and seem rife with potential … (3 comments)
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reverse mortgage: Reverse Mortgage and Golf - 02/28/08 01:31 PM
I was speaking with a friend of mine yesterday about the piece I wrote the other day on my main blog site regarding the other reverse mortgage guy who was trying to convince my client to not meet with me. During the conversation with my friend, who is also in the … (0 comments)
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reverse mortgage: Reverse Mortgage = Economic Stimulus - 01/31/08 01:30 PM
In some of my daily reading yesterday, I came across an interesting fact I had wondered about, but never really researched. I found that the average senior between the age of 65 and 74 spends 92% of their income. This is startling, but not to be outdone, seniors 75 and older … (6 comments)
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reverse mortgage: The Promise of Reverse Mortgage - 01/28/08 10:36 AM
Over the weekend, I was alerted and alarmed by an article with this headline, "Ensure Your Old Age Is Trouble Free With A (name deleted) Reverse Mortgage".
Folks, no one and nothing can ensure a trouble free life. Be wary of anyone who does. Even if it's just to get your … (0 comments)
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reverse mortgage: The Simplicity of Reverse Mortgage - 01/24/08 10:00 AM
You may recall a few weeks back that I wrote about Mr. and Mrs. M. Their reverse mortgage closed and was funded on New Year's Eve. They're a lovely couple in a beautiful home. We chat on average of about once a week just for fun. Once the weather clears up, … (1 comments)
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reverse mortgage: The Emotions of Reverse Mortgage - 01/22/08 12:35 PM
There was an article in USA Today on Friday entitled Reverse mortgages aren't for everyone which has caused a bit of a stir. I participated in some of the online conversation which caused at least one individual to question my credibility because, in his mind, I was using "emotion" to sell … (7 comments)
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reverse mortgage: The Mechanics of Reverse Mortgage - 01/17/08 05:57 PM
If you've read my blog or spent any time with me, you probably know by now that I love using analogies and metaphors. In that light, I write this post.
You will hear financial "experts" insist how complicated reverse mortgages are. Well, my car is a pretty complicated piece of machinery, … (2 comments)
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reverse mortgage: Above All Else, Serve The Client - 01/16/08 11:49 AM
A couple months ago, I was going through my files of people who had gotten a reverse mortgage in the past. I came across a lady, I'll call her Mrs. A. I noticed that she had gotten her reverse mortgage several years ago, when the lending limit in her area was … (4 comments)
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reverse mortgage: Advantages To Being "Over The Hill" - 01/12/08 12:24 PM
You know, we spend our lives climbing and climbing. It takes a lot out of you, doesn’t it? The phrase “over the hill” is clearly understood as a euphemism for being past your prime, or even irrelevant. If you’ve ever hiked up a hill or climbed a mountain, you’ll find that … (0 comments)
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reverse mortgage: Refinancing a Reverse Mortgage: Success Upon Success - 01/08/08 04:03 PM
Last night I had the privilege of speaking with a very nice couple, to whom I will refer as Mr. and Mrs. G. They obtained a reverse mortgage loan back in July of 2001. At the time, their home was appraised at $415,000, and the federal lending limit in their county … (3 comments)
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reverse mortgage: Mr. and Mrs. M - 01/06/08 10:32 PM
2007 went out on a very positive note for Mr. and Mrs. M. I was introduced to this special couple just a few months ago through a family friend of theirs who is a CPA and familiar with me and what I do. Referrals are always wonderful, but this one was … (0 comments)
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reverse mortgage: Reverse Mortgage vs. Foreclosure - 12/27/07 12:14 PM
Over two months ago, I wrote an article about how reverse mortgage can be a tremendous solution for seniors in avoiding foreclosure.
This week, The Wall Street Journal has a story of a 62 year old woman in Atlanta, GA who did just that. Her mortgage payment took up 70% of … (4 comments)
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reverse mortgage: Visiting The Parents - 12/26/07 05:36 PM
Like millions of people around the world, I visited my parents over the past several days for Christmas. I am fortunate in that they only live 2 hours away, so I get to see them relatively often. Many Americans only see their parents once a year, or maybe every other year … (0 comments)
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reverse mortgage: The Rest of the Story - 12/05/07 01:32 PM
As I have delved into the wonderful world of blogging and daily browsing of the internet for all things reverse mortgage, I have realized that there is a never ending parade of people disseminating misinformation and half-truths about reverse mortgage. These are commonly written by people who seem rather passionate against … (3 comments)
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reverse mortgage: Social Security "Increase" - 10/17/07 03:33 PM
You all probably have already read this, but for the sake of context: Social Security Going Up by 2.3 Percent
By MARTIN CRUTSINGER, AP Economics Writer
Wednesday, October 17, 2007
(10-17) 08:49 PDT WASHINGTON, (AP) --
Come January, Social Security benefits for nearly 50 million Americans are going up 2.3 percent, the smallest … (3 comments)
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reverse mortgage: Is The Glass Half Full, Or Half Empty? Maybe It Doesn't Matter - 10/09/07 07:19 PM
Stress
A lecturer when explaining stress management to an audience,
Raised a glass of water and asked
"How heavy is this glass of water?"
Answers called out ranged from 20g to 500g.
The lecturer replied, "The absolute weight doesn't matter.
It depends on how long you try to hold it.
If … (0 comments)
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