Tag Archives: HECM

Textbook Case of HELOC Reset; HECM is the White Hat

Posted on September 21, 2015 by Marty Appel

Jennie called me and was concerned that the HELOC (Home Equity Line of Credit) she had with Wells Fargo was going to be reset the first of the year. Her payments were going to increase from $373 per month to … Continue reading →

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Transitions – All For the Better

Posted on September 14, 2015 by Marty Appel

I have just recently moved to another company – Retirement Funding Solutions (RFS). Retirement Funding Solutions was created to address and solve one of the most significant challenges facing the Baby Boomer Generation today … Being Financially Prepared for Your … Continue reading →

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WOW!!! A NO COST LOAN

Posted on December 6, 2014 by Marty Appel

Security 1 Lending announced a no cost reverse mortgage this week. Finally we have a product that Financial Planners and Estate Planners will love. This product is ideal for the Standby Reverse Mortgage that homeowners can use in their Wealth … Continue reading →

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Reverse Mortgage Benefits are Shrinking Again

Posted on September 8, 2013 by Marty Appel

Well, we have seen it before and it is happening again as HUD notifies us that they are going to be limiting the amount older homeowners can receive from the equity in their homes.  The following article appeared in the … Continue reading →

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A Reverse Mortgage Can Offer Something for All Retirees

Posted on August 19, 2013 by Marty Appel

http://reversemortgagedaily.com/2013/08/18/wall-street-journal-reverse-mortgages-can-help-a-wide-array-of-retirees/  John Salter and Harold Evensky of Texas Tech prepared some academic research positioning the HECM Saver loan as a safeguard against losses across other investments.  Read about it in the Wall Street Journal article published last Friday August 16th.

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From Dependency to Independence

Posted on July 21, 2013 by Marty Appel

I have been working with a client for about two and a half months now.  She was referred to me by a personal banker.  Rosa I will call her, had gone to the bank to see if she could refinance … Continue reading →

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Seniors’ #1 Fear “Outliving Their Savings”

Posted on June 23, 2013 by Marty Appel

I am spending  a lot of time today meeting with Financial Planners discussing a very timely topic: Seniors concern about outliving their savings. The American C.E. Institute, LLC. and Security One Lending, in cooperation with Barry H. Sacks,J.D., Ph.D., present a timely discussion on … Continue reading →

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FHA eliminates the HECM Standard Fixed Reverse Mortgage

Posted on April 11, 2013 by Marty Appel

Effective April 1, 2013, FHA eliminated the HECM Standard Fixed product.  This was a very popular product because of the low fixed interest rate and the lump sum requirement at closing.  While some moan at the elimination, there are plenty … Continue reading →

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