Reverse Mortgages and Long-Term Care – A Place for Mom
- November 25, 2020
- By: Greenpath Financial Wellness
- Category: News
The website A Place for Mom asked GreenPath to share details about taking on a reverse mortgage. What are the pros and cons? Read the Full Article > While proceeds from selling your home is a common way people pay for long-term care facilities, a reverse mortgage may be helpful in circumstances where one or both...
Reverse Mortgage Counselors: People More Informed, Resources Strained During Pandemic – Reverse Mortgage Daily
Excerpt from Reverse Daily Mortgage showcases the impact the ongoing pandemic has made on those seeking information on reverse mortgages. Based on observations from reverse mortgage counselors, those seeking information are better-prepared for their counseling sessions regarding their understanding of the reverse mortgage...
Counselors See Rising HECM Interest Through COVID-19 Crisis – Reverse Mortgage Daily
Excerpt from Reverse Daily Mortgage monitors interest in Home Equity Conversion Mortgages. As the COVID-19 coronavirus pandemic continues, it's noteworthy to monitor the interest in Home Equity Conversion Mortgage (HECM) options. Reverse mortgage counseling sessions have increased as more seniors seek out ways to soften...
HUD Awards $40M in Housing Counseling Grants – Reverse Mortgage Daily
Excerpt from Reverse Mortgage Daily details HUD housing counseling grant awarded to GreenPath Financial Wellness The Department of Housing and Urban Development (HUD) awarded nearly $40 million in counseling grants to agencies across the country, including GreenPath Financial Wellness, According to the HUD announcement,...
Five Common Reverse Mortgage Questions – Answered
The month of May marks Older American’s Month. It’s our nation’s celebration of the countless contributions that older adults make to our communities. We couldn’t let this month go by without a focus on financial health and wellness of seniors, especially those who are managing the impact of recent financial...
Counselors Prepare as More Borrowers Seek Private Reverse Mortgages
Excerpt from Reverse Mortgage Daily Counseling for prospective reverse mortgage borrowers is not only required, but it’s also a critical component of understanding how a new reverse mortgage loan is created. In order to make sure that the borrower fully understands exactly what kind of a transaction they’re getting...
GreenPath CEO Kristen Holt: Tips for Avoiding Reverse Mortgage Foreclosure
Recent news coverage (“Detroit leads nation in reverse mortgage foreclosure rate”) has brought the escalating reverse mortgage foreclosure rate into the spotlight. A Free Press and USA Today analysis revealed that urban communities have been most impacted by the reverse mortgage foreclosure trend with Detroit leading...
Respectability For Reverse Mortgages – Detroit Free Press
- August 17, 2016
- By: Greenpath Financial Wellness
- Category: News
Reverse mortgages once had a down-and-out feel, much like a payday loan. Think of a quick fix that could generate havoc, like when widows ended up losing their homes. Significant repackaging with more consumer protections could create a new respectability for reverse mortgages. No doubt, you've seen the onslaught of...
Reverse Mortgages for Seniors
A reverse mortgage is a loan against the equity in your home that you don’t pay back as long as you live there. Seniors at least 62 years old are eligible.
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