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 […]

Half of US Households Won’t Have Enough Income to Retire
January 31, 2018

Half of US Households Won’t Have Enough Income to Retire

If you are worried about outliving your retirement savings, you are not alone. The results of an ongoing analysis of American households by the Boston College Center for Retirement research report that half of US families will struggle financially in retirement.1 The National Retirement Risk Index is a tool that measures the percentage of working-age-households […]

Senior Home Equity Continues to Rise
January 24, 2018

Senior Home Equity Continues to Rise

Home equity for homeowners over the age of 62 in the United States is continuing to rise. In Q3 of 2017 it increased by $121 billion, bringing senior housing wealth to a total of $6.5 trillion.1 Rising home equity comes as welcome news at a time when many seniors are faced with managing their own […]

How to Use a Reverse Mortgage to Fund a Social Security Delay
January 18, 2018

How to Use a Reverse Mortgage to Fund a Social Security Delay

Many seniors enroll for social security benefits as soon as they are eligible to do so, at age 62, in order to help supplement their retirement income. While claiming social security benefits right away does help cover immediate costs, there are significant benefits in waiting to enroll. In fact, waiting to claim social security benefits […]