For the last several years, there has been a major industry-wide push to spread awareness among the financial advisor community about how reverse mortgages can be a powerful tool in retirement planning. But recent changes to the product that lower principal limits and change mortgage premiums have some worried that the HECM has lost its [.]
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For years, the industry has discussed the possibility of the jumbo, non-agency reverse mortgage, one that was less restrictive and free from the stress brought on by HUD’s constant regulatory.
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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.
Financial Planner Takes Aim at Reverse Mortgages, Industry Expert Responds. By Chris Clow | March 21, 2019 June 11, 2019. Prominent financial planner Jill Schlesinger, who has a historical track record of questioning the viability of reverse mortgage products, has highlighted what she views as.
Financial Planner Takes Aim at Reverse Mortgages, Industry Expert Responds By Chris Clow | March 21, 2019 June 11, 2019 Prominent financial planner Jill Schlesinger, who has a historical track record of questioning the viability of reverse mortgage products, has highlighted what she views as their deficiencies in a new radio appearance.
Reverse Mortgage Daily New Research Shows Financial Planning Value of Tenure Reverse Mortgages By: Jason Olivia Published: March 3, 2016 Reverse mortgages have been the subject of much financial planning research over the past few years, the emphasis of which has focused on how these products add to the value of a retirement income plan.
Experts say people in their 50s and 60s who are planning financially for retirement need. Bukta Miah, a regulated adviser from the online and phone service Get Financial Advice, says the insurance.
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Tetra Images/Getty Images. Thanks to 2014 changes in federal regulations on reverse mortgages, the loans now serve as a financial planning tool for the waves of middle-class baby boomers facing.
But some experts say that for certain homeowners, with the new regulations in place, it may make sense to consider a reverse mortgage.. Some academics and financial planners say that reverse.