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Author: United States. Department of Housing and Urban Development
Publisher:
ISBN:
Category : Home equity loans
Languages : en
Pages : 240
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Book Description
Author: United States. Department of Housing and Urban Development
Publisher:
ISBN:
Category : Home equity loans
Languages : en
Pages : 240
Get Book Here
Book Description
Author: The Law The Law Library
Publisher: Createspace Independent Publishing Platform
ISBN: 9781729697689
Category :
Languages : en
Pages : 126
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Book Description
Federal Housing Administration - Strengthening the Home Equity Conversion Mortgage Program (US Department of Housing and Urban Development Regulation) (HUD) (2018 Edition) The Law Library presents the complete text of the Federal Housing Administration - Strengthening the Home Equity Conversion Mortgage Program (US Department of Housing and Urban Development Regulation) (HUD) (2018 Edition). Updated as of May 29, 2018 This final rule codifies several significant changes to FHA's Home Equity Conversion Mortgage program that were previously issued under the authority granted to HUD in the Housing and Economic Recovery Act of 2008 and the Reverse Mortgage Stabilization Act of 2013, and makes additional regulatory changes. The HECM program is FHA's reverse mortgage program that enables seniors who have equity in their homes to withdraw a portion of the accumulated equity. The intent of the Home Equity Conversion Mortgage program is to ease the financial burden on elderly homeowners facing increased health, housing, and subsistence costs at a time of reduced income. FHA's mission is to serve underserved markets, which must be balanced with HUD's inherent, as well as, statutory obligation under the National Housing Act to protect the FHA insurance funds. This rulemaking strengthens the FHA Home Equity Conversion Mortgage program and codifies changes that reduce risk to the Mutual Mortgage Insurance Fund and increase the sustainability of this important program for seniors. This final rule follows publication of a May 19, 2016, proposed rule and takes into consideration the public comments received on the proposed rule. This book contains: - The complete text of the Federal Housing Administration - Strengthening the Home Equity Conversion Mortgage Program (US Department of Housing and Urban Development Regulation) (HUD) (2018 Edition) - A table of contents with the page number of each section
Author: United States. Department of Housing and Urban Development
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 264
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Book Description
Author: Cheng-Few Lee
Publisher: Springer Science & Business Media
ISBN: 0387262849
Category : Business & Economics
Languages : en
Pages : 861
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Book Description
This is a major new reference work covering all aspects of finance. Coverage includes finance (financial management, security analysis, portfolio management, financial markets and instruments, insurance, real estate, options and futures, international finance) and statistical applications in finance (applications in portfolio analysis, option pricing models and financial research). The project is designed to attract both an academic and professional market. It also has an international approach to ensure its maximum appeal. The Editors' wish is that the readers will find the encyclopedia to be an invaluable resource.
Author: Canadian Centre for Elder Law Studies
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 52
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Book Description
Author: Harlan J Accola
Publisher:
ISBN: 9780692044964
Category :
Languages : en
Pages : 124
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Book Description
In this unorthodox retirement book, Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement, Harlan J. Accola is frank about the current state of retirement planning. As baby boomers reach the prime of their lives, they find themselves faced with new challenges. Ten thousand baby boomers retire per day, but there simply is not enough money to go around. If you want to have a fun and prosperous retirement, you are going to have to get creative. This is not your father's-- or your grandfather's retirement! Creative doesn't mean foolish- but it does mean different than what you have been thinking and what you have been told by conventional wisdom. This book is counterintuitive. The advice that Accola offers is guidance gleaned from over twenty years in the industry and collaboration with several financial planning experts and researchers referred to liberally throughout the book. The clear conclusion of the overwhelming evidence in the research shows that most people should get a reverse mortgage as soon as they are eligible at age 62- not 82 or 92 when they run out of money. Accola also understands the psychological barrier that arises when the reader hears the term "reverse mortgage." He asks, "If what you thought you knew about home equity and reverse mortgages was wrong, when would you want to know?" He warns that the longer it takes you or your family to find the truth, the more dangerous it is. He attests to the stability and efficiency of a reverse mortgage and teaches the reader how to safely and profitably use one of the largest assets you have stored in your net worth- home equity. Accola covers the following in the entertaining Cinderella fairy tale format: The scary landscape ahead for millions of unsuspecting Baby Boomers The basics of creating liquidity from your home equity The psychology behind accepting or rejecting reverse mortgages The importance of planning ahead and buying an umbrella before it starts to rain. Real and immediate action steps that will help you get the most out of your retirement In this easy-to-understand and fun guide, Accola presents step by step how to properly use home equity so you can enjoy the fourth quarter of your life and still leave a planned legacy for the next generation.
Author: Wade Donald Pfau
Publisher: McLean Asset Management Corporation
ISBN: 9781945640049
Category : Finance, Personal
Languages : en
Pages : 156
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Book Description
Reverse mortgages have been surrounded by negativity. They were often mentioned alongside phrases like "last resort," "out of money," and "bad choice." In 2014, intrigued by the seemingly universal bad rap reverse mortgages had cultivated, Dr. Wade Pfau began researching them in depth. Over the course of the next year, he came to the conclusion that reverse mortgages aren't inherently a bad idea, though they are often misunderstood and not used in a most beneficial way. In fact, Dr. Pfau realized that reverse mortgages---when used correctly---can provide an added layer of security for retirees and allow them to enjoy retirement more by gaining liquidity from an illiquid asset. This second edition of the book is fully revised and updated for the modification of reverse mortgage rules affecting applications after October 2, 2017.
Author: Dan Hultquist
Publisher:
ISBN:
Category :
Languages : en
Pages : 134
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Book Description
What is a reverse mortgage? Is it more than a loan program for those who are "house-rich, but cash poor?" How does the "non-recourse feature" protect homeowners and their heirs? Can the available line of credit and its growth rate be used for insurance and financial planning purposes?This book answers these questions and many more in a user-friendly way and is the most comprehensive educational tool available on reverse mortgages. It should be read by baby boomers, retirees, heirs, financial planners, housing counselors, HECM counselors, Realtors(R), brokers, financial journalists, mortgage professionals, estate planners, and of course all homeowners who want greater assurance that they can comfortably grow older in their own homes.
Author: David Andrew Sirkin
Publisher: Wiley
ISBN: 9780471587330
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Now you can own your own home even if you can’t afford a down payment. Thanks to equity sharing, thousands of people already enjoy the freedom and security of owning their own home. Now you can too! In The Home Equity Sharing Manual, attorney David Andrew Sirkin shows you how to pool your resources with a seller, relative, or investor so that you can make a home down payment and qualify for a mortgage, and get fabulous investment returns and tax benefits. In easy-to-understand language, the author explains proven equity sharing strategies and shows you how to make them work every time. The Home Equity Sharing Manual is the most up-to-date and complete book available on equity sharing—a technique that is revolutionizing home owner-ship across America. It includes: Dozens of real-life case studies of people who realized the dream of home ownership through equity sharing Step-by-step instructions for finding and working with a co-owner/investor Detailed strategies for maximizing tax benefits for you and your co-owner/investor Samples of all the important legal documents used in equity sharing with clear explanations of what they mean A frank assessment of the risks of equity sharing and instructions on how to minimize them So stop paying a fortune in rent with nothing to show for it. Enjoy the benefits of home ownership before rising prices and interest rates put your dream home out of reach. Let The Home Equity Sharing Manual show you how. The Home Equity Sharing Manual is not just for aspiring home owners. It is indispensable for everyone who can benefit from equity sharing—parents who want to help their children buy their first home, investors looking for a secure and high-yielding investment and tax shelter, sellers in a slow market, and real estate professionals who want to become experts on America’s fastest-growing home ownership method.
Author: Sarah Glendon Lyons
Publisher: John Wiley & Sons
ISBN: 1118070089
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
For seniors who live on a fixed income, owning a home—and keeping it—can be financially challenging. Rather than face the choice of selling your home and moving or becoming a home-owning pauper, reverse mortgage products let seniors convert part of their equity into tax-free income that can be used for anything—even mortgage payments, living expenses, or medical costs. Reverse Mortgages For Dummies covers all the basics of reverse mortgage products so you and your adult children can understand and take full advantage of these handy loans—and keep the home you love. Covering a full range of reverse mortgage options and topics, you’ll discover how to: Decide if a reverse mortgage is right for you Shop for the best reverse mortgage products Find out if your home is eligible Find a counselor who can help you Written by Sarah Lyons, an Assistant Editor at Mortgage Originator magazine, and John Lucas, an experienced reverse mortgage specialist, Reverse Mortgages For Dummies explains these helpful loan products in simple, easy-to-understand language free of all the jargon. Once you understand how reverse mortgages differ from other loans—and what you could do with your reverse mortgage—the book covers the specifics you need to find the right loan for you, including: Special advice for adult children helping their senior parents secure a loan How to get a reverse mortgage and keep your second home legally Property requirements and financing fees Selecting among a multitude of lenders Spending and estimating leftover equity Sharing the decision-making process with family and loved ones If you’re a senior wondering whether a reverse mortgage can help you keep your home, this book gives you the information you need to make smart, informed decisions that are vital to you, and your family’s, security. Reverse Mortgages For Dummies will help you keep your home and live the life you want.
