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HUD Reverse Mortgage

HUD Reverse Mortgage products have become a larger part of my practice as a Certified Mortgage Planning Specialist. While a HUD reverse mortgage is certainly not the only choice for seniors over 62, a HUD reverse mortgage is something to consider. Please take a moment to read my personal experience with a HUD reverse mortgage. Email any questions on a HUD Reverse Mortgage. HUD Reverse mortgage products offer benefits to seniors that a traditional mortgage can not and need to be a part of the mortgage planning process.

While I recognize that there are many websites claiming to be HUD reverse mortgage "specialists" offering only the HUD reverse mortgage, I believe that is a disservice to my client. I will continue to offer traditional mortgage products as well as the reverse mortgage as I believe that offering only one type of mortgage may not be the best answer to my client's situation. I prefer to look at the specifics of my client's situation and suggest the most appropriate solution. It may be a HUD reverse mortgage or it may not. Any mortgage should be a solution to a problem, not a product to be sold. That having been said, lets look at what a HUD reverse mortgage really is.

HUD reverse mortgage products are, at their most fundamental level, designed to allow seniors to maintain their independence with dignity. A reverse mortgage allows you to use the equity in your home to maintain and even improve your lifestyle. A HUD reverse mortgage will NOT cause you to lose your home and I have used a HUD reverse mortgage many times to give seniors the ability to stay in their home when other alternatives have failed. Funds made available to you are not taxable and will not affect your Medicare eligibility. A HUD reverse mortgage can be an effective estate and financial planning tool that can be shown to increase the size of your estate as well as to reduce taxes on your estate. They do not require income, credit score, or health qualification but are based on your age and the equity in your home. More than anything else, a reverse mortgage can give you peace of mind by allowing you to maintain your independence.

There are several loan types available to you and one may be a better choice depending on your specific set of circumstances

    Fixed rate Home Equity Conversion Mortgage. From the Federal Housing Administration (FHA)

    Adjustable rate Home Equity Conversion Mortgage. From the Federal Housing Administration (FHA)

    Home Keeper. This is from Fannie Mae

    Cash Account Advantage. From Financial Freedom

Learn more about HUD Reverse Mortgage Myths

Learn more about the use of a HUD Reverse Mortgage for Long Term Care Planning

To learn more about this solution, please take a moment to view my

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

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