Real Estate News

Real Estate News

The Mortgage Professor: Future income replenishment with a reverse mortgage

The more I work with home equity conversion mortgages – reverse mortgages offered through the Federal Housing Administration – the more convinced I become that the HECM is the most underutilized financial tool available to consumers in the U.S. Among the important reasons for underutilization is that HECMs are more complicated than any other financial instrument offered to consumers. They are complicated in order to meet a wide diversity of senior needs, but this poses the challenge of matching the individual senior's need to the appropriate HECM option or options. Many, if not most, seniors are not up to that challenge on their own, and the available decision support is poor.

Videos

Home tour: Sting's digs cost field of gold, and knocking on Guns N' Roses bassist's door

The Sherman Oaks home owned by Guns N' Roses' Duff McKagan and his wife, Susan, is for sale at $3.85 million. Sting and Trudie Styler have listed their New York City penthouse for $56 million. Come on inside and look around.
Video produced by David Caraccio
Home tour: Sting's digs cost field of gold, and knocking on Guns N' Roses bassist's door 2:14

Home tour: Sting's digs cost field of gold, and knocking on Guns N' Roses bassist's door

Tour this historic house in Truckee on sale for $1.5M 0:49

Tour this historic house in Truckee on sale for $1.5M

Urban decay takes a toll on the 1000 block of J Street 1:17

Urban decay takes a toll on the 1000 block of J Street

Building tiny houses teaches valuable lessons for high school students 1:12

Building tiny houses teaches valuable lessons for high school students