The Best Reverse Mortgages

We heard it for sometime that changes to the Social Security program were coming, and those changes came on November 2015 in the form of the Bipartisan Budget Act .  Perhaps the most significant policy change is that of the "File and Suspend " claiming strategy in which under the new law if a person chooses to File and Suspend benefits, then that would also suspend benefit payments to anyone else who might be collecting on that person's account.  Previously, a spouse who had reached their Full Retirement Age was allowed to apply for Social Security benefits and immediately request that payments be suspended thus allowing his/her spouse to collect 50% of the worker's Full Retirement Age amount plus allow the worker to delay retirement credits for himself/herself until age 70 to request a lump sum repayment. In short,it was viewed by many as a loop hole in the system that allowed retirees to collect more from the Social Security program, and now that is no longer a str

Reverse mortgages are happy to see that home equity for senior homeowners continues to rise and provide opportunities for the two to meet.  Read the entire article here . Contact Rick R. Rodriguez for more information Rick R. Rodriguez Certified Reverse Mortgage Professional (CRMP) NMLS# 473353 Toll Free  (877) 500-0454 www.reversemortgagecertifiedprofessional.com

http://www.investmentnews.com/gallery/20160610/FREE/610009999/PH/9-surprising-ways-to-use-a-reverse-mortgage For more information on reverse mortgages and other related topics contact: Rick R. Rodriguez Certified Reverse Mortgage Professional (CRMP) NMLS# 473353 Toll Free  (877) 500-0454 www.reversemortgagecertifiedprofessional.com

Retirement Commission Proposes New Policy Changes for Reverse Mortgages For more information on reverse mortgages and other related topics contact: Rick R. Rodriguez Certified Reverse Mortgage Professional (CRMP) NMLS# 473353 Toll Free  (877) 500-0454 www.reversemortgagecertifiedprofessional.com

The Home Equity Conversion Mortgage (HECM) program, which is more commonly referred to as a "reverse mortgage", has become more widely recognized these days due to increased exposure from mainstream media.  More and more homeowners, realtors and financial professionals are coming to understand how a reverse mortgage works.  One area of reverse mortgages that is still new to many people is the HECM for Purchase (H4P) option.  This allows a borrower who is 62 or older to use a reverse mortgage to buy a principal residence. It's becoming increasingly popular as more and more senior homeowners continue to sell and buy homes.  The  National Association of Realtors  conducted a recent survey titled " Home Buyer and Seller Generational Trends " which shows a trend emerging among baby boomers.  The findings show that 30% of baby boomers (nearly 24 million people) have recently purchased a home, and that 43% (roughly 33 million) have recently sold a home.  There are di

The most recent CoreLogic Home Price Index (HPI) reveals that nationwide home prices are on the rise and have both increased annually and on a monthly basis.  In comparing to April 2015, home prices increased by 6.2% year over year, and the monthly increase was 1.8% for April 2016.  The CoreLogic forecast is predicting that home prices will increase 5.3% year over year from April 2016 to April 2017, in addition the forecast predicted an increase of 0.9% from April 2016 to May 2016.  CoreLogic attributes the increase to "low mortgage rates and a lean for-sale inventory".  Read the entire article here . For more information on reverse mortgages and other related topics contact: Rick R. Rodriguez Certified Reverse Mortgage Professional, CRMP NMLS# 473353 Toll Free (877) 500-0454 Local (702) 460-6222  

The Home Equity Conversion Mortgage (HECM), aka reverse mortgage, is beginning to play more of a role in retirement planning.  The reverse mortgage and retirement planning industries have opened the lines of communication with one another in order to understand how the two can work together.  Through the years, the pillars of U.S. retirement income have been known to be comprised of the following:  Social Security, employment-based plans (i.e. pensions), personal financial assets and continuing to work.  Recently, the Department of Labor expanded the fiduciary responsibility of financial advisers under the ERISA act to ensure that financial advisers present all options that are in the best interest of their clients.  Home equity continues to be one of the biggest assets people have, and therefore is one of the options that needs to be considered.  One of the drawbacks of home equity is that it's tied to real estate and lacks in liquidity, which is where a reverse mortgage comes in

Rick R. Rodriguez obtained the designation of being a Certified Reverse Mortgage Professional (CRMP) on February 1, 2016.  A CRMP is a demonstration of a professional's dedication and commitment to reverse mortgages, as well as an indicator of their level of experience in the industry.  Rick has demonstrated a superior knowledge and competency in the area of reverse mortgages, has agreed to uphold the highest ethical and professional standards and is therefore entitled to us the name Certified Reverse Mortgage Professional and the CRMP designation.  As of the date of this posting, Rick is only 1 of 119 individuals nationwide who have earned the CRMP status, and he is the only CRMP in Southern Nevada. For more information on reverse mortgages and other related topics contact: Rick R. Rodriguez Certified Reverse Mortgage Professional, CRMP NMLS# 473353 Toll Free (877) 500-0454 Local (702) 460-6222