3 Reverse Mortgage Strategies Available to homeowners 62+ to take advantage of today.Put Your Hard Earned Home Equity to Work. At CDC Solutions, we help unlock the power of your home to enjoy retirement on your terms with family, friends, and the things you cherish most in life.

As we grow older, our housing needs and preferences often change/evolve. The family home that once fulfilled all our needs and still holds a lifetime of memories may begin to feel impractical or burdensome as our family sizes and physical needs change. This is where downsizing, “rightsizing,” or even a move to a more advantageous location is often the best alternative for many homeowners.

The Purchase Reverse Mortgage program was designed to allow seniors to purchase a new principal residence and obtain a reverse mortgage within a single transaction by eliminating the need for a second closing. The program was also designed to enable senior homeowners to relocate to other geographical areas to be closer to family members or downsize to homes that meet their physical needs, i.e., handrails, one-level properties, ramps, wider doorways, etc.

Interest rates are beginning to sneak back down AND last weeks exciting HUD announcement, "INCREASING THE HECM LOAN LIMIT”, will certainly make for new opportunities!. In addition, if you or someone you know applied for a reverse mortgage last year, the actual numbers may have not been favorable. The changes announced will undoubtedly bring about new benefits and would be worth your time to take a quick look.

With Americans more likely to not qualify for a traditional mortgage loan, how many older Americans in this cohort would potentially qualify for a Home Equity Conversion Mortgage?
The answer to that pivotal question may be found in an academic study authored by Christopher Mayer, and Stephanie Moulton, entitled The Market or Reverse Mortgages among Older Americans.

Retirement pessimism may be growing because an increasing number of workers have taken a withdrawal or loans from their retirement plan.

One of the first things many people do when they inherit their parents’ home these days is put up a for-sale sign. Deciding what to do with a family property is often both an emotional and financial decision.

If 35-Year-Olds Could Get HECMs, It Would Be the Only Loan in the Country.

If you’re expecting a crash to make housing affordable again, you may be waiting a while.

This Research-Backed Three-Word Rule Will Save You From a Whole Lot of Regrets.

Older Americans are facing significant challenges navigating today’s uncertain economy. More specifically, they may be at risk of one or more of these retirement time bombs; each of which may, under the right circumstances, be mitigated or even eliminated by tapping into their housing wealth with a reverse mortgage.

Here’s Why People Get Denied for a Reverse Mortgage

FIRST TIME IN HISTORY HECM LIMIT REACHES $1M+. Now, in 2023, the new limit will be $1,089,300. This is an increase of $118,500!

Still Paying Off Your Mortgage in Retirement? Many of us aspire to retire early, but few ever accomplish that goal. The things we do in our professional life are often driven by the age in which we retire. Until we get there, our investments, savings, and other life choices dictate the reality of these goals.

Home Equity Conversion Mortgage for Purchase loan allows borrowers to purchase a new home with a reverse mortgage. That means you can complete both the purchase and reverse mortgage transactions with a single set of closing costs with a HECM for purchase. How Does a HECM for Purchase Work?

[Testimonial] With a beautiful home overlooking the Sunset Strip, Keith and Julianne had tremendous home equity growth from the last couple of decades. Instead of moving or living differently in retirement, they found that a Reverse Mortgage gave them the ability to continue to enjoy their lifestyle.

With home prices rising six times as fast as personal income it becomes clear that today’s housing market is both artificial and unsustainable. While the frenzy will eventually subside it won’t stop this spring which marks the height of the home buying season.

💗 “There’s nowhere else I’d rather live.–Linda”💗 Watch her testimonial today. Linda worked with her mortgage broker to learn how a reverse mortgage could help her actually save money each year even after she paid off her mortgage, paid off most of her credit card debt, and even set aside cash for emergencies that is earning interest.

Over 7 million American homeowners were placed under the protection of a foreclosure moratorium as a result of the Coronavirus Aid, Relief, and Economic Security Act (CARES) last spring. Foreclosure Moratoriums are ending July 31, 2021.

A Hot Real Estate Market is Making Some Seniors Very Happy. Few retirees can rely on a significant pension and must make their savings last for decades. This may be even more difficult considering that we could see persistently low-interest rates, higher inflation, and market volatility in the coming years. The result? Today’s retirees could face a perfect storm, and they may have to use different financial planning strategies than retirees of the past.