Understanding Reverse is released each year with fresh updates and edits, as the reverse mortgage program changes.
NEW updates for 2017 include:
- A Principal Limit Factor quick reference guide was added for traditional borrowers as well as non-borrowing spouses. This will allow the reader to calculate their maximum benefit at the time of application.
- HECM Loan Limits were updated for 2017 ($636,150). This impacts the calculation of the Max Claim Amount (MCA) for higher value homes.
What is a Reverse Mortgage?
Is it more than a loan program for those who are “house-rich, but cash poor”? How does the “non-recourse feature” protect homeowners and their heirs? Can the available line-of-credit and its growth rate be used for insurance and financial planning purposes?
This book answers these questions and many more in a user-friendly way, and may be the most comprehensive educational tool available on the New Reverse Mortgage.
It should be read by baby boomers, retirees, older adults with mortgages, heirs, financial planners, housing counselors, HECM counselors, Realtors, brokers, financial journalists, mortgage professionals, estate planners, and of course all homeowners who want greater assurance that they can comfortably grow older in their own homes.
Here is that the press is saying about the book:
New Book is Guide to All Things Reverse Mortgages in 2017
RMD – New Book Answers Most Common Reverse Mortgage Questions
National Mortgage Professional – New Book Explores Reverse Mortgage Issues
RMD – New Book Released to Boost Understanding of Reverse Mortgages
A great resource for everyone in our industry! I look forward to future posts!
Wow, wonderful blog layout! The overall look of your web site is great, let alone the content!
Great information on reverse mortgage basics! Keep up the good work!
I am really pleased to read this webpage posts which consists
of lots of helpful facts, thanks for providing such data.
This book helped to clear up many of the misconceptions about reverse mortgages as well having the latest changes (2014) to the reverse program.
This is the go-to book for professionals to share with their clients. We love it, they love it, and it makes our job much easier when they have a solid base of understanding of how the program works. Thank you Dan!