Hello. My name is Erik Martin and I am a reporter for a nationally syndicated real estate section published weekly in newspapers across the country (see past examples at http://www.gmnews.com/?s=%22by+erik+j.+martin%22) . I’m looking to interview realtors/agents, mortgage/lending professionals, property attorneys and other housing experts for the following story: STORY: THREE SMART WAYS TO USE A REVERSE MORTGAGE TODAY. Over the past three years, new government regulations aimed at protecting older borrowers and shoring up the government-¬backed loan program have gone into effect. The new financial assessment rule, which applies to reverse mortgage loans under the Home Equity Conversion Mortgage (HECM) program, requires borrowers to demonstrate the ability to pay property taxes and insurance premiums on the property. This story would examine 3 different ways for seniors to use reverse mortgages and the pros/cons of each strategy. Below is a list of questions I’m seeking answers to. I can either conduct a phone or email interview (with the latter, please email me back full-sentence written responses that I can use as quotes). My deadline is noon central time, Tuesday, April 26.
QUESTIONS:1. How have the rules/safeguards changed recently when it comes to reverse mortgages? Please detail the major changes and how they benefit homeowners.2. Why are financial advisers now promoting reserve mortgages as a valuable tool for retirement planning?3. What are 3 different reverse mortgage strategies that homeowners can pursue (e.g., taking a lump sum, opening a line of credit via the HECM program, etc.) and the pros/cons of each strategy? Which strategy is best for which type of homeowner?4. What are the risks/downsides of reverse mortgages? Do you believe the benefits outweigh these risks?5. What other matters/tips should candidates consider carefully before pursuing a reverse mortgage today?6. Any other thoughts, tips or suggestions on this topic?7. What is your full name, title, company, city/state location, and email address?
Keywords
realtor, housing experts
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