Harry Lammel

Harry Lammel

Unapologetic lover of life. Award-winning family man. Typical husband and father. Music junkie. Food buff.

47 Posts Written
Is a Reverse Mortgage the Right Choice for You?

Is a Reverse Mortgage the Right Choice for You?

Are you considering a reverse mortgage? It's important to understand the pros and cons of this type of loan before making ...

What to Do When a Family Member Inherits a Reverse Mortgage?

What to Do When a Family Member Inherits a Reverse Mortgage?

When a family member inherits a reverse mortgage, it can be a source of distress and confusion. Unfortunately, you cannot ...

Can You Lose Your Home with a Reverse Mortgage?

Can You Lose Your Home with a Reverse Mortgage?

The answer is yes, you can lose your home with a reverse mortgage. A reverse mortgage line of credit is irrevocable,...

Do You Have to Pay a Reverse Mortgage Back?

Do You Have to Pay a Reverse Mortgage Back?

Inverted home loans generally need to be repaid when you move out of the house or when you die. However, the loan may...

Is a Reverse Mortgage a Good Idea for Seniors?

Is a Reverse Mortgage a Good Idea for Seniors?

If you're a senior citizen concerned about your ability to cover living expenses or meet your financial obligations, a...

Who Can Benefit from a Reverse Mortgage?

Who Can Benefit from a Reverse Mortgage?

Retirees who don't have a lot of savings or cash investments but do have a lot of equity built up in their homes can...

The Pros and Cons of a Reverse Mortgage: What You Need to Know

The Pros and Cons of a Reverse Mortgage: What You Need to Know

If you own a property and are at least 62 years old, you can borrow from your equity to get cash or a line of credit from ...

What Happens if You Don't Pay Your Reverse Mortgage?

What Happens if You Don't Pay Your Reverse Mortgage?

Home Equity Conversion Mortgages (HECM), the most common type of reverse mortgage loan, require you to keep up with your...

What is the Payoff Amount on a Reverse Mortgage Loan?

What is the Payoff Amount on a Reverse Mortgage Loan?

The settlement statement lists all payments made during the course of the mortgage, accrued interest, and costs...

What Income Do You Need to Qualify for a Reverse Mortgage?

What Income Do You Need to Qualify for a Reverse Mortgage?

A reverse mortgage is a unique type of loan that does not require you to make monthly payments. This makes it an...

What is the Difference Between a Reverse Mortgage and a HECM?

What is the Difference Between a Reverse Mortgage and a HECM?

Reverse mortgages are becoming increasingly popular among older people who have equity in their homes and want to...

How Much Money Can You Get From a Reverse Mortgage?

How Much Money Can You Get From a Reverse Mortgage?

Reverse mortgages are a great option for elderly homeowners who want to access the equity in their home without having to ...

Everything You Need to Know About Reverse Mortgages

Everything You Need to Know About Reverse Mortgages

Are you 62 or older and looking for a way to supplement your income, pay off your mortgage, or cover health care...

Who is Best Suited for a Reverse Mortgage?

Who is Best Suited for a Reverse Mortgage?

Ideal candidates for a reverse mortgage are homeowners who have no immediate need for money and owe little or nothing on...

How Long Can You Live in Your Home with a Reverse Mortgage?

How Long Can You Live in Your Home with a Reverse Mortgage?

The number of years a reverse mortgage lasts can vary greatly depending on the individual's situation. For instance, if...

What are the dangers of reverse mortgages?

What are the dangers of reverse mortgages?

Reverse mortgage contracts can have hidden costs, such as fees, and interest can consume the accumulated value of your...

Can You Owe Money on a Reverse Mortgage?

Can You Owe Money on a Reverse Mortgage?

Reverse mortgages are a type of loan that allow homeowners to access the equity in their home without having to make...

What Happens to a Reverse Mortgage When You Inherit a House?

What Happens to a Reverse Mortgage When You Inherit a House?

When a person with a reverse mortgage passes away, their heirs can inherit the home, but they won't get the title to the...

Can You Lose Your Home with a Reverse Mortgage?

Can You Lose Your Home with a Reverse Mortgage?

Are you considering a reverse mortgage loan to supplement your retirement income or meet other financial goals? It's...

Do You Have to Pay Back a Reverse Mortgage?

Do You Have to Pay Back a Reverse Mortgage?

Inverted home loans generally need to be repaid when you move out of the house or when you die. However, the loan may...

Everything You Need to Know About Reverse Mortgages

Everything You Need to Know About Reverse Mortgages

Are you considering a reverse mortgage? It's important to understand the basics before making a decision. Reverse...

What suze orman says about reverse mortgages?

What suze orman says about reverse mortgages?

Suze Orman, on her CNBC show, recently answered a question from a viewer stating that a reverse mortgage is a...

Who Owns the House After a Reverse Mortgage?

Who Owns the House After a Reverse Mortgage?

When you apply for a reverse mortgage loan, your home title stays with you. Most reverse mortgages are conversion...

What Happens to Your Home at the End of a Reverse Mortgage?

What Happens to Your Home at the End of a Reverse Mortgage?

Reverse mortgages are a great way for seniors to access the equity in their home and convert it into cash. Under the...

What is the Most Common Type of Reverse Mortgage?

What is the Most Common Type of Reverse Mortgage?

A Home Equity Conversion Mortgage (HECM) is the most common type of reverse mortgage available. It is a special type of...

What are the Benefits and Drawbacks of a Reverse Mortgage?

What are the Benefits and Drawbacks of a Reverse Mortgage?

A reverse mortgage is a loan product that allows older homeowners to leverage their home equity to meet their financial...

Types of Reverse Mortgages: A Comprehensive Guide

Types of Reverse Mortgages: A Comprehensive Guide

It's a common misconception that reverse mortgages are only used as a last resort. In reality, these loans have evolved...

How Much Money Can You Get From a Reverse Mortgage?

How Much Money Can You Get From a Reverse Mortgage?

Reverse mortgages are a unique loan product that allow homeowners to access the equity in their home without having to...

Everything You Need to Know About Traditional Reverse Mortgages

Everything You Need to Know About Traditional Reverse Mortgages

A traditional reverse mortgage is a loan insured by the Federal Housing Administration (FHA) that allows seniors to...

Who is Responsible for Paying Back a Reverse Mortgage?

Who is Responsible for Paying Back a Reverse Mortgage?

If the last surviving borrower or the eligible non-borrowing spouse who received a reverse mortgage loan dies, the debt...

What are the Drawbacks of a Reverse Mortgage?

What are the Drawbacks of a Reverse Mortgage?

Reverse mortgages are a popular option for retirees who need extra money, but they come with some drawbacks. A reverse...

What is the Difference Between a Regular Mortgage and a Reverse Mortgage?

What is the Difference Between a Regular Mortgage and a Reverse Mortgage?

When it comes to mortgages, there are two main types: regular mortgages and reverse mortgages. Regular mortgages are the...

What Happens to the House at the End of a Reverse Mortgage?

What Happens to the House at the End of a Reverse Mortgage?

Reverse mortgages are a great way for homeowners to enjoy their golden years without having to worry about their home...

How Long Can You Stay in Your Home with a Reverse Mortgage?

How Long Can You Stay in Your Home with a Reverse Mortgage?

A reverse mortgage is a loan that allows you to stay in your home for life, even after you have exhausted your home...

Is a Reverse Mortgage a Good Option for Homeowners?

Is a Reverse Mortgage a Good Option for Homeowners?

Invested mortgage loans allow homeowners to convert their home's equity into cash income without having to pay a monthly...

Everything You Need to Know About Repaying a Reverse Mortgage

Everything You Need to Know About Repaying a Reverse Mortgage

A reverse mortgage is a loan that allows homeowners aged 62 and older to access the equity in their home without having...

The Pros and Cons of Reverse Mortgages: What You Need to Know

The Pros and Cons of Reverse Mortgages: What You Need to Know

Retirement can be a stressful time for many people, especially those who are living on a fixed income. A reverse mortgage ...

Who Can Benefit from a Reverse Mortgage?

Who Can Benefit from a Reverse Mortgage?

A reverse mortgage is a loan option for homeowners aged 62 and older who want to access the equity of their home without...

Is a Reverse Mortgage Right for You?

Is a Reverse Mortgage Right for You?

The high costs of reverse mortgages make them a less than ideal financial option for most people. It's better to sell...

What Are the Requirements to Qualify for a Reverse Mortgage?

What Are the Requirements to Qualify for a Reverse Mortgage?

Reverse mortgages are a great way for older homeowners to access the capital they have accumulated in their home. To...

Who Owns the House at the End of a Reverse Mortgage?

Who Owns the House at the End of a Reverse Mortgage?

A reverse mortgage is a loan with increasing debt and decreasing variable capital. Unlike a traditional loan, you...

What You Need to Know About Paying Off a Reverse Mortgage

What You Need to Know About Paying Off a Reverse Mortgage

Inverted home loans, also known as reverse mortgages, are a type of loan that allows homeowners to access the equity in...

What does it mean when a house is in reverse mortgage?

What does it mean when a house is in reverse mortgage?

A reverse mortgage loan, like a traditional mortgage, allows homeowners to borrow money using their home as collateral...

The Pros and Cons of Reverse Mortgages: What You Need to Know

The Pros and Cons of Reverse Mortgages: What You Need to Know

Reverse mortgages can be a great way to finance your retirement years, but it's important to understand the potential...

Everything You Need to Know About Home Equity Conversion Mortgages (HECM)

Everything You Need to Know About Home Equity Conversion Mortgages (HECM)

A Home Equity Conversion Mortgage (HECM) is a special type of mortgage loan designed for homeowners aged 62 and over. It...