Corey's Blog

Last week I had an appointment with a gentleman who was interested in a reverse mortgage. In fact, all indications were that he was going to take very little convincing. His wife had a debilitating stroke 7 months ago, and has been hospitalized ever since. She is unable to speak and her hands are...

Over the weekend, I received the following question from a reader in Illinois: Corey - do you have any thoughts on the REX Agreement? They have been advertising a lot here in Chicago and I’d like to understand how it works better. They are extremely complicated and seem rife with potential pitfal...

I was speaking with a friend of mine yesterday about the piece I wrote the other day on my main blog site regarding the other reverse mortgage guy who was trying to convince my client to not meet with me. During the conversation with my friend, who is also in the reverse mortgage business, I came...

In some of my daily reading yesterday, I came across an interesting fact I had wondered about, but never really researched. I found that the average senior between the age of 65 and 74 spends 92% of their income. This is startling, but not to be outdone, seniors 75 and older spend 98% of their in...

Over the weekend, I was alerted and alarmed by an article with this headline, "Ensure Your Old Age Is Trouble Free With A (name deleted) Reverse Mortgage". Folks, no one and nothing can ensure a trouble free life. Be wary of anyone who does. Even if it's just to get your attention about something...

You may recall a few weeks back that I wrote about Mr. and Mrs. M. Their reverse mortgage closed and was funded on New Year's Eve. They're a lovely couple in a beautiful home. We chat on average of about once a week just for fun. Once the weather clears up, Mr. M and I have a standing golf date a...

There was an article in USA Today on Friday entitled Reverse mortgages aren't for everyone which has caused a bit of a stir. I participated in some of the online conversation which caused at least one individual to question my credibility because, in his mind, I was using "emotion" to sell revers...

If you've read my blog or spent any time with me, you probably know by now that I love using analogies and metaphors. In that light, I write this post. You will hear financial "experts" insist how complicated reverse mortgages are. Well, my car is a pretty complicated piece of machinery, but all ...

A couple months ago, I was going through my files of people who had gotten a reverse mortgage in the past. I came across a lady, I'll call her Mrs. A. I noticed that she had gotten her reverse mortgage several years ago, when the lending limit in her area was considerably lower. Also, since she g...

You know, we spend our lives climbing and climbing. It takes a lot out of you, doesn’t it? The phrase “over the hill” is clearly understood as a euphemism for being past your prime, or even irrelevant. If you’ve ever hiked up a hill or climbed a mountain, you’ll find that the best view and vantag...