What’s New in Reverse Mortgages in 2018

February 5, 2018 | by Editorial Team at New Retirement According to AAG, the first reverse mortgage was issued in 1961 to a widow in Portland, Maine. A banker, Nelson Haynes of Deering Savings & Loan designed the loan to help the widowed wife of his beloved former high school football coach. The idea behind these loans… [Read More]

Find the Right Audience for Senior-Housing Deals


Quality operators are the key to brokering deals and achieving long-term success From: Scotsman Guide Entering fourth-quarter 2017, the senior-housing and care industry remained active. This sector is comprised of independent and assisted living, memory care, nursing care, or any combination of these care levels, including continuing-care retirement communities. The senior-housing sector, with long-term demographic… [Read More]

The Quiet Comeback of Reverse Mortgages


From New York Times WHEN Peter and Joyce Hill wanted to buy a home in a community for people 55 and older in an area they had always admired in Lancaster County, Pa., they used a reverse mortgage to finance building in that development. “A reverse mortgage gave us the option to build what we… [Read More]

Existing-home sales slide as prices surge on tight inventory

Reverse mortgages offer seniors an opportunity to tap the equity in their homes so they can meet their expenses without having to move.

First-time buyers accounted for 32 percent of sales in June, down slightly from 33 percent a year ago Dow Jones Newswires – Denver Post Sales of previously owned U.S. homes fell in June and prices jumped as strong demand overwhelmed a pinched supply of available homes. Existing home sales fell 1.8 percent in June from… [Read More]

New Thinking About Reverse Mortgages

Thanks to rising interest rates, reverse mortgages are becoming more appealing to younger retirees. Although Americans are eligible to receive a reverse mortgage (also known as a Home Equity Conversion Mortgage, or HECM) at the age of 62, in the past, most waited until beyond that age to acquire a reverse mortgage. Recently, however, many… [Read More]