The Best Reverse Mortgages

Rick R. Rodriguez was interviewed by Reverse Mortgage Daily recently to offer his insights on the impact of rising interest rates to the reverse mortgage program.  The Federal Government recently increased interest rates once again which created a ripple effect throughout the mortgage industry.  Prior to October 2017, the reverse mortgage program experienced very little change from interest rate fluctuations.  However, since HUD made significant program changes in October 2017 the program is more susceptible to interest rate swings than ever before.  These swings are directly effecting the amount of equity that homeowners can qualify for under the program, which in some cases can prevent them from obtaining a reverse mortgage. Reverse Mortgage Daily wrote a recent article titled "HECM Originators Feel Impact of Rising Rates", in which they interviewed Rick R. Rodriguez, a branch manager at Nationwide Equities in Las Vegas, NV.  One of his clients was in the process of

The reverse mortgage industry's main source of news, Reverse Mortgage Daily (RMD), recently published an article detailing some of the preferred educational resources from some of the top reverse mortgage specialists in the industry.  Rick Rodriguez, Certified Reverse Mortgage Professional, who has been specializing in reverse mortgages since 2005 was interviewed by RMD for his insights. In the article, Rodriguez states that most consumers have already done research on reverse mortgages and are primarily looking to speak with a reverse mortgage professional to go over any concerns and dispel any myths.  He utilizes company resources and materials to provide additional information to consumers, but if he senses that the they are in need of a bit more confidence in the product itself, he points them to third party resources such as U.S. Department of Housing and Urban Development or National Reverse Mortgage Lenders Association, as well as to texts by Wade Pfau or Barry Sac