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Author Archives: mattallen

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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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Oregon Reverse Mortgage Scenario Of The Month

Going Above and Beyond and Blazing New Trails In The Reverse Mortgage Market
Margie only has $624 a month in social security income and no other liquid assets. She got her reverse mortgage loan 6 years ago, 2010 for those that […]

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Interesting Statistics on Retirement, Reverse Mortgages and Housing

I thought I would mix things up a little bit this month and provide some interesting statistics and facts around the reverse mortgages, senior housing and retirement.
The HECM program (home equity conversion mortgage aka reverse mortgage) was voted into existence […]

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