Reverse Mortgage Information Video Available From

SAN DIEGO, Sept. 5, 2013 /PRNewswire-iReach/ -- is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. Loan Love continues to offer loan borrowers the latest in mortgage news by releasing a new video. The video, "How Do Reverse Mortgages Work? (Nuts and Bolts)" provides senior homeowners insight on reverse mortgage information and how taking on a home equity conversion mortgage today can help secure costs in the long run.

The reverse mortgage loan lending process is now experiencing an upgrade with a new bill being signed in by congress. The new bill, called the Reverse Mortgage Stabilization Act, changes many of the flaws the previous system had. The article attached to the video describes in a nutshell what the new law is all about: "Recently, President Obama signed a new, bipartisan bill into law that offers more protections for both lenders and borrowers. For instance, instead of just being required to participate in an informational session about the loans, today's borrowers must have – again, free of cost – financial counseling to make sure the loan they get is the best one for their needs."

Despite these changes, many loan borrowers may still be reluctant to switch to reverse mortgages. This can be due to critics suspecting frivolous activities are associated with reverse mortgages. Before the Reverse Stabilization Act, home equity conversion mortgages (HECM), or reverse mortgages as most know it by, were more complex enough that senior homeowners may end up getting caught up taking HECM products ill-suited to their financial needs. But Loan Love video proclaims that today's reverse mortgages can offer benefits to senior home owners of all financial levels in two main ways. As the young lady in the video puts it:

"First, if you take your reverse mortgage as a line of credit rather than a lump sum, you can draw on it as you need it, which can help you weather the ups and downs of the stock market. See, traditionally, retirees who depend on stock market returns to maintain their standards of living have really been at the mercy of the stock market. That's a risk that really came to light in recent years when the market tanked, and then tanked again. A lot of seniors found that the values of their portfolios had plummeted, and that left a lot of retirees scrambling for ways to make ends meet. Many were forced to sell off a big share of their portfolios, and that meant that when the market recovered, the retirees had much smaller portfolios to provide an income stream. When stock prices bottomed out a few years ago, some retirees had to liquidate their entire portfolios just to stay afloat. Having a reverse mortgage line of credit would have allowed many seniors to weather that down market without having to dump their stocks."

Another one of these benefits a senior homeowner can look forward to when applying with a reverse mortgage loan is lower taxes. With a home's equity, homeowners can pay off existing mortgages without adding tax to their closing costs. This is opposed to a withdrawal to a 401K and other similar investments, for example. While they may help payoff a loan, they are considered taxable and leave you with a higher tax bracket.

The Loan Love video maintains that depending on the stock market during retirement and be a dangerous move for senior homeowners. Taking on a reverse mortgage can potentially save homeowners from financial trouble.

To learn more on reverse mortgage loans, please visit

Media Contact: Kevin Blue,, 949-292-8401,

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