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Reverse Mortgage Blog

What it means to Have a Need

January 9, 2016

After speaking to a few people this morning who asked for H.E.C.M. information; it has become evident that the meaning of NEED is unclear.

After all, we have Medicare (or any medical insurance) but feel just find today.  Does that that mean we do not need it?   Of course the number one reason for a H.E.C.M. is as a financial planning tool preserving and/or increasing what we have.  Needs should be looked at as "being prepared" for what may happen.  Saying you have no need is like saying you have no need to be prepared.

Jay Kaplan profile picture
Jay Kaplan
This is the place to share. Share news, updates and opinions. The reverse is the most misunderstood item in the lending and financial home ownership arena; we need more exchange of ideas. This area is for questions and, I hope; answers. Please keep the dialogue going in the name of education, and that goes both ways. Please see that I have added two categories from The Educated Retirement show for Nostalgia and Wisdom
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This is the place to share. Share news, updates and opinions. The reverse is the most misunderstood item in the lending and financial home ownership arena; we need more exchange of ideas. This area ...
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