Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
As the generation of Baby Boomers age the United
States finds itself facing a retirement funds crisis
more and more retire...
In making its announcement, HUD
effectively yielded to the final judicial
interpretation in Bennett v Donovan
(U.S. Distri...
The program was launched in 1989 but over the years it
has remained small and a relatively small number of
seniors have ta...
New Protections For Reverse Mortgage Non-Borrowing Spouses - Z Reverse Mortgage
New Protections For Reverse Mortgage Non-Borrowing Spouses - Z Reverse Mortgage
Upcoming SlideShare
Loading in …5
×
Upcoming SlideShare
Understanding Canada Immigration Process Vital
Next
Download to read offline and view in fullscreen.

0

Share

Download to read offline

New Protections For Reverse Mortgage Non-Borrowing Spouses - Z Reverse Mortgage

Download to read offline

One such strategy involves the federally-insured Home Equity Conversion Mortgage (HECM), a reverse-mortgage program in which older homeowners can convert some or all of the equity in their homes into cash. Financial analysts see the HECM product as a well-designed program which allows seniors to draw funds in a variety of ways to meet their needs. The program was launched in 1989 but over the years it has remained small and a relatively small number of seniors have taken advantage of it. Major revisions in the program were initiated over the last 16 months and the HECM program now gives every indication that it is on the verge of significant expansion.

Related Books

Free with a 30 day trial from Scribd

See all
  • Be the first to like this

New Protections For Reverse Mortgage Non-Borrowing Spouses - Z Reverse Mortgage

  1. 1. As the generation of Baby Boomers age the United States finds itself facing a retirement funds crisis more and more retirees lack the financial capacity to support themselves during their ever-increasing life spans. Financial advisors are working with these individuals to help them explore ways in which they can stretch their existing income and even find new sources of income to supplement their retirement funds.
  2. 2. In making its announcement, HUD effectively yielded to the final judicial interpretation in Bennett v Donovan (U.S. District Court for the District of Columbia), of the National Housing Act Non-Borrower Spouse “Safeguard” provision (Section 255(j)). One such strategy involves the federally-insured Home Equity Conversion Mortgage (HECM), a reverse-mortgage program in which older homeowners can convert some or all of the equity in their homes into cash.
  3. 3. The program was launched in 1989 but over the years it has remained small and a relatively small number of seniors have taken advantage of it. Major revisions in the program were initiated over the last 16 months and the HECM program now gives every indication that it is on the verge of significant expansion. Financial analysts see the HECM product as a well-designed program which allows seniors to draw funds in a variety of ways to meet their needs.

One such strategy involves the federally-insured Home Equity Conversion Mortgage (HECM), a reverse-mortgage program in which older homeowners can convert some or all of the equity in their homes into cash. Financial analysts see the HECM product as a well-designed program which allows seniors to draw funds in a variety of ways to meet their needs. The program was launched in 1989 but over the years it has remained small and a relatively small number of seniors have taken advantage of it. Major revisions in the program were initiated over the last 16 months and the HECM program now gives every indication that it is on the verge of significant expansion.

Views

Total views

194

On Slideshare

0

From embeds

0

Number of embeds

5

Actions

Downloads

2

Shares

0

Comments

0

Likes

0

×