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Author Archives: mattallen

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Bankruptcy to Reverse Mortgage – Scenario

Like many people, Luke (73) and Jill (70) got hammered in the recession. Luke ran the restaurant that he and Jill owned and Jill had a job in the medical field. When the economy turned, the income from the restaurant […]

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Looming Problems For Senior Housing in Oregon

The Joint Center for Housing Studies at Harvard University recently completed a study regarding the nation’s ability to meet aging-in-place demands of the rapidly growing senior population. The report identified three big problems seniors are currently facing or will face […]

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Are Seniors Paying Cash For A Home In Oregon Making The Right Move?

You’re 65 And About To Pay Cash For A New Home, Is That The Right Move For You?

Here is an interesting scenario. You are 65 years old and selling your home and are about to buy a new $300,000 home. […]

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Getting Ready To Retire in Oregon? How A Reverse Mortgage Can Help

I originally met with Tim (not his real name), age 64, in late 2015. He was curious about reverse mortgages; how they worked and if they might work for his situation. Tim was self-employed and wanted to start working less, […]

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2016 Oregon HECM Endorsements

Here is an infographic I created to see what the Oregon HECM market looked like in 2016. I wanted to see how the HECM was being used, average interest rates, number of HECM endorsed per county and more. I also […]

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2016 National HECM Endorsements

This is an info-graphic I created from HUD’s Single Family HECM Snapshot data. I created this to see in general what happened during 2016, how the HECM was being used, where it was being used and average interest rates.

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The Unconventional Reverse Mortgage Path – Oregon

This month’s scenario is on Rick and Darcy, both in their mid-sixties. They are pretty well off financially. They owned their $630,000 home free and clear, have several hundred thousand in retirement and bank accounts. And to top it all […]

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Fried Eggs and Reverse Mortgages

To say that the reverse mortgage is misunderstood is a massive understatement. The American College of Financial Services polled 1,000 people between the ages of 55 and 75 with at least $100,000 in investable assets and $100,000 in home equity. […]

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Oregon Couple Recovers 71% Of Their Monthly Income

Don and Darla were referred to me by a local bank here in Medford when they inquired about a reverse mortgage. Our first meeting lasted 2 hours. Our second meeting lasted 2 hours. Our third meeting lasted 2 hours. We […]

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Increase Your Monthly Cash Flow With A Reverse Mortgage in Oregon

According to the Social Security Administration, as of December 2014, the average retired worker drew $1,329 in monthly benefits. If two spouses collected the average monthly benefit, their household income from Social Security would come to about $32,000 — far […]

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