News & Views

Reverse mortgage tenure payouts provide predictable monthly cash flow, while LOC conversions offer flexibility and potentially larger payments later in retirement.

Learn how LESA funds can run out, why annual reviews matter, and how borrower notifications and backup payment options help cover taxes and insurance costs.

The HECM Second Appraisal Policy adds cost, delay, and inconsistency. FHA should use modern valuation technology and reserve second appraisals for material valuation concerns.

Fixed-rate reverse mortgages offer stability, while adjustable-rate options provide greater flexibility, future access to funds, and a growing line of credit.

The 150% figure stated in reverse mortgage documents can be confusing to a borrower who may believe it is their loan balance.

Higher rates at application may reduce HECM proceeds, but they generally don’t affect qualification or required monthly payments. Higher ongoing rates will increase accruals but

With an adjustable-rate HECM, voluntary prepayments increase the available line of credit dollar-for-dollar when posted, preserving flexibility and access to future funds.

Reverse mortgages may reduce future home equity but can ultimately benefit borrowers and their children with non-recourse protection and by preventing depletion of other assets.

Can non-borrowing spouses tied to pre-2014 HECMs qualify to remain in the home after the last borrower dies? Let’s find out.