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Thinking in Reverse
The simplest way to begin to understand the concept of a Reverse Mortgage is to eliminate the modifier from its name.

Kevin Michael Melody
Jun 15, 20203 min read
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HELOC vs HECMLOC… Who cares?
What if your credit line disappears right when you need it, like during a crash in housing prices? And how do you handle the payment shock?

Kevin Michael Melody
Jun 11, 20201 min read
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Higher Lending Limits for 2020
...if you were previously denied a reverse mortgage because your existing mortgage balance was too high, you may now be able to qualify...

Kevin Michael Melody
Jun 11, 20201 min read
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Mitigating costs on a HECM
There is no getting around the fact that a reverse mortgage (HECM) can be an expensive loan.

Kevin Michael Melody
Jun 11, 20202 min read
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A PERL of Wisdom
HECM proceeds cannot be used to pay off debts in order to qualify. PERL proceeds can.

Kevin Michael Melody
Jun 11, 20203 min read
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Gather Knowledge Before Seeking Advice
Lenders and financial advisors are paid to be biased, the former towards a reverse mortgage and the latter towards anything else.

Kevin Michael Melody
Jun 11, 20203 min read
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