by Mark Daly | Jun 7, 2024
HUD’s recent update with the release of Handbook 4000.1, effective October 31, 2023, brings exciting news for those looking to use a reverse mortgage to purchase a new construction home. This expansion now encompasses Single Family 1-4 units, Condominiums, and...
by Mark Daly | May 6, 2024
For many seniors, owning a home is not just a dream but a significant financial asset. However, traditional mortgages can pose challenges for retirees with limited income. Enter the reverse mortgage, also referred to by the term HECM (Home Equity Conversion Mortgage)...
by Mark Daly | May 6, 2024
In the realm of personal finance, navigating the complexities of mortgages can often feel like traversing a maze with no end in sight. Among the myriad options available to homeowners, reverse mortgages stand out as a unique tool, offering seniors aged 62 and older...