The number of Americans that are divorcing during retirement is growing. Proper planning, along with knowledge and use of the FHA’s “Divorce in Retirement loan,” the Home Equity Conversion Mortgage (HECM), can contribute to a better quality of life during the divorcing couples remaining retirement years. What do you know about the FHA’s HECM for Purchase loan? I have been helping mature homeowners for over 14 years and can answer your questions about dividing housing wealth during retirement. There are many helpful and financially stabilizing options for divorcing couples, even if one spouse is under the age of 62.
To learn more about the many surprising and beneficial uses of the FHA’s revamped version of the former reverse mortgage—The Home Equity Conversion Mortgage (HECM)—stop by my booth at the 36th Annual Tax and Estate Planning Forum this Thursday or Friday, October 20th and 21st, One Market Place, San Diego, CA