Age in Place With a Reverse Mortgage
May 16, 2018

Age in Place With a Reverse Mortgage

Most homeowners plan on staying in their current homes when they retire. According to a new Bankrate survey, 62 percent of homeowners never plan to move.1 Staying at home allows seniors to remain in a comfortable and familiar place while being close to family and friends. If you are planning to age in place, your […]

How Do I Pay Back a Reverse Mortgage?
May 9, 2018

How Do I Pay Back a Reverse Mortgage?

A reverse mortgage allows homeowners 62 and older to convert a portion of their home equity into usable funds without having to repay the loan for as long as the loan obligations are met.1 The fact that reverse mortgages do not require monthly mortgage payments2 often leaves potential borrowers with questions about when the loan […]

Reverse Mortgage – Texas
April 27, 2018

Reverse Mortgage – Texas

Texas is a popular retirement spot for many seniors. From the gulf coast to the big cities this enormous state has a lifestyle for everyone. Of the over 28 million people who call Texas home, 12% are over the age of 65.1 A common concern for retirees is outliving their savings. While the cost of […]

All About Reverse Mortgages
April 11, 2018

All About Reverse Mortgages

A reverse mortgage is a loan that allows homeowners 62 or older to convert a portion of their home equity into cash while staying in their home and maintaining the title.1 This loan can be a wonderful financial tool for seniors to use, but it is important that they are properly educated about the product. […]

Reverse Mortgage Interest Rates
March 30, 2018

Reverse Mortgage Interest Rates

Reverse mortgage are federally insured1  home equity loans that allow qualified seniors to access a portion of their home equity as usable funds. Reverse mortgage interest rates are either fixed or variable interest rates. Interest rates for variable rate reverse mortgages are comprised of an index rate plus the lender’s margin. The index rate is […]

Is a Reverse Mortgage a Rip-Off?
March 21, 2018

Is a Reverse Mortgage a Rip-Off?

A reverse mortgage is not for everyone, but it can be a valuable tool for many retired homeowners. One of the most common misconceptions about this type of loan is that a reverse mortgage is a rip-off. Reverse mortgages are not a rip-off at all; they are a federally insured loan1 that allows homeowners 62 […]

Reverse Mortgage Solutions
March 14, 2018

Reverse Mortgage Solutions

If you are looking for ways to supplement your retirement income you have probably come across reverse mortgages in your search. If you researched further, you may have found a horde of information and opinions which left you skeptical and confused. This reverse mortgage solutions guide will help you get the facts you need to […]

Reverse Mortgages Leverage the Power of Compounding
February 28, 2018

Reverse Mortgages Leverage the Power of Compounding

Once you reach retirement, you will likely be living off of your assets, investments, and savings for the rest of your life. In an ideal world you will be able to use dividends and interest to cover your living expenses and never have to tap into your principle investments. However, very few people get to […]

Who are Reverse Mortgages For?
February 16, 2018

Who are Reverse Mortgages For?

It is well known that reverse mortgages do not fit everyone’s financial situation. Who are reverse mortgages for? They can be an invaluable tool for individuals who are looking to supplement their income as they age. The three circumstances below are times when seniors should strongly consider getting a reverse mortgage. You are going to outlive […]

3 Reverse Mortgage Pitfalls and How to Avoid Them
February 7, 2018

3 Reverse Mortgage Pitfalls and How to Avoid Them

Reverse mortgages offer senior homeowners financial security by allowing them to access a portion of their home equity. With a reverse mortgage seniors may be able to eliminate their monthly mortgage payments,1 pay off other debts,2 and gain extra cash. However, despite the many benefits a reverse mortgage offers there are pitfalls that can occur […]