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Category Archives: Reverse Mortgage

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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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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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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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Are Reverse Mortgages A Scam?

Every year, thousands and thousands of seniors in Oregon avoid getting a reverse mortgage because of something they saw on TV, heard on the radio, read in the newspaper or found online about reverse mortgages. Grandiose headlines, skewed reporting, poor […]

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Oregon Reverse Mortgage Loan Misunderstandings

Have These Common Misunderstandings Kept You From Considering A Reverse Mortgage?
People get reverse mortgages for all kinds of different reasons. Some people use it as part of their overall financial plan. Others use it because they no longer want to […]

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Senior Oregon Homeowner? Have You Considered A Reverse Mortgage

If You Are An Oregon Homeowner 62+,
You Should At Least Consider A Reverse Mortgage
If you are a homeowner that is 62 years old or older and live in Oregon, you may qualify for a reverse mortgage. There are numerous benefits […]

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For Senior Homeowners In Oregon That Want To Retire Someday

A Simple Solution For Senior Homeowners 62 And Older Who Want To Retire But Can’t
You are not alone. There are thousands and thousands of seniors all across Oregon that are still working. Many are not working because they want to. […]

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