Retirement News with Professor Craig

Retirement News with Professor Craig

The Retirement News blog is dedicated to the financial and physical health and well-being of older Americans. 
Whether you're already in or nearing retirement, you will find important, topical information in the blog to help you make informed decisions on your road to retiring more freely.
As a 25-year veteran in the financial services industry and a certified trainer and teacher, Professor Craig's #1 goal is to help you thrive in retirement with financial peace of mind. 

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RMF Newsroom, Partners

HECM Choice Now Offers All Payment Plans at Origination

Allows borrowers to access a fixed rate on the initial balance as well as future draws

Melville, N.Y., February 18, 2014 — Reverse Mortgage Funding LLC announced today it has expanded its HECM Choice product, the industry’s first U.S. Department of Housing and Urban Development (HUD)-insured, partial draw, fixed-rate Home Equity Conversion Mortgage (HECM), to make all payment plan options available at origination. Now HECM Choice allows borrowers to select any payment plan at loan origination, and access the full principal limit.

RMF Newsroom, Partners

HECM Choice Now Available to Principal Agents and Brokers

Underwriting begins for Reverse Mortgage Funding’s new partial draw, fixed rate HECM

Melville, N.Y., January 8, 2014 — Reverse Mortgage Funding LLC announced today that HECM Choice — its new partial draw, fixed rate Home Equity Conversion Mortgage (HECM) product — is now available to principal agents and brokers.

RMF Newsroom, Consumer Direct, Distributed Retail, Partners

Reverse Mortgage Funding Names Linda Dellutri to Lead Human Resources

Melville, N.Y., December 10, 2013 — Reverse Mortgage Funding LLC has hired Linda Dellutri to lead human resources. Dellutri will be responsible for the overall function of the human resources department, including talent acquisition, onboarding, benefits, compensation, payroll, employee relations, training, and employee development.


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A More Flexible Home Equity Loan

If you’re 62 or older, there is a home equity line of credit option that offers greater financial flexibility than a traditional Home Equity Line of Credit (HELOC). It’s called a Home Equity Conversion Mortgage (HECM) line of credit. 
If you have an existing mortgage or home equity loan you could refinance them with a HECM line of credit and get enhanced benefits, including a flexible payment feature and a line of credit that GROWS when left untouched.
As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and keeping your home in good condition.

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