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So that beautiful credit line sits there, not costing you anything else.” You’re not actually paying this interest. And the magic of a credit line with a reverse mortgage is that it increases every year by the interest rate and the insurance fee. So you take the reverse mortgage against your house in the form of a credit line. Quinn tells Chatzky: “So you’re 62 and you say I’m going to want to stay in my house for the next 20, 30 years.

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Quinn, who is promoting a book called How to Make Your Money Last, talks about why younger retirees should consider establishing a reverse mortgage line of credit.

“ Make Money Last: Consider a Reverse Mortgage,” published by, features a conversation between financial journalists Jean Chatzky and Jane Bryant Quinn.

“Why might you do this? Having a reverse mortgage with line of credit in place gives you the option of taking money out of your house instead of your IRAs when markets are down.” “As for the reverse mortgage, some experts suggest applying for a reverse mortgage with a line of credit as soon as possible,” Powell wrote.

“Reverse Mortgage for Investment Protection,” written by Michael Lazar for Huffington Post, explains why the media has changed its tone on reverse mortgages by highlighting a recent column written by Robert Powell for USA Today.

The confluence of program alterations (Financial Assessment, draw limitations, non-borrowing spouse leniency), as well as the steadily increasing need for retirement funding solutions, seem to have removed skepticism and encouraged reporters to suggest the HECM as something that needs your consideration. In the Press: New Year, New Vibrancy The New Year has seemed to usher in a vibrant new conversation about reverse mortgages in the national press. No other nation has been able to replicate that.” The HECM still needs to be refined as we go forward, but that is a great combination of government providing the backstop on the credit risk side as well as the funding vehicle on the liquidity side. It’s probably better suited that Ginnie Mae is tapping the liquidity of Wall Street investors. “We often think of the government contribution to HECMs as being just FHA, but it’s also the liquidity and what Ginnie Mae brings to the market. property value) or expanding liquidity needs for lenders with the Ginnie Mae HMBS program. We have made great strides, whether it is managing crossover risk (loan balance vs. HECM is still the program most nations try to emulate. We think of HECM as a small-scale program, because it only has 2 to 3 percent market penetration, but that is still a relatively large number compared to other nations. Certainly no other has achieved the same scale. “I think, however, that the HECM remains far and away the most successful program internationally. Populations are aging more rapidly in that part of the world than in the United States-and they recognize the strains that this is placing on their governments and the need to provide for a social safety net for their elderly citizens,” Szymanoski says.

“So many Asian countries have come to us to talk about the possibility of getting into this market, because they have rapidly aging populations. “The World Emulates HECMs.” So reports HECM architect Ed Szymanoski in an interview in the January issue of Reverse Mortgage Magazine. Written by NRMLA Staff, as originally published in The Reverse Review.