What Factors Affect Your Home Equity and How to Increase Home Value
Wednesday, March 22, 2017

What Factors Affect Your Home Equity and How to Increase Home Value

Buying a home is a strategic move that you can benefit from greatly if you make the right move and commit to projects that are a good return on investment (ROI). When choosing a home you want to make sure that you are selecting an option with the best likelihood of increasing value and will […]

Using a Reverse Mortgage as Part of Your Retirement Plan
Wednesday, March 15, 2017

Using a Reverse Mortgage as Part of Your Retirement Plan

Greater research and recent program changes are shedding new light on how a reverse mortgage may be able to help you in retirement. The Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, is federally regulated and insured by the Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA). […]

Is There a Maximum Age to Qualify for a Reverse Mortgage?
Tuesday, March 7, 2017

Is There a Maximum Age to Qualify for a Reverse Mortgage?

Generally speaking, retirees’ nest eggs are smaller than they were in previous generations, according to a recent article. In addition, retirees frequently expect their retirement income to go further than it does, often resulting in a retirement shortfall. Therefore, many seniors are turning to a reverse mortgage as a way to supplement their retirement income.1 […]

What to do When Your Reverse Mortgage Loan is Due
Tuesday, February 28, 2017

What to do When Your Reverse Mortgage Loan is Due

More seniors are turning to reverse mortgages to help them through their retirement years. If you’re considering a reverse mortgage, you may have questions about the end of the loan process, and what occurs when it’s time for the loan to be repaid.  Fortunately, the National Reverse Mortgage Lenders Association (NRMLA) created a five page […]

Helpful Information About Your Reverse Mortgage After Closing
Tuesday, February 21, 2017

Helpful Information About Your Reverse Mortgage After Closing

If you recently closed on your reverse mortgage, you and your heirs may find it helpful to read the new guide published by the National Reverse Mortgage Lenders Association (NRMLA). It’s called “What You Need to Know About Your HECM After Closing”. The free guide provides useful information about the rules and guidelines, the important […]

What happens to your parents’ reverse mortgage after they pass away?
Tuesday, February 14, 2017

What happens to your parents’ reverse mortgage after they pass away?

More seniors are turning to a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, to help them through their retirement years. However, many adult children are concerned about what happens when their parents die and how the loan will be handled. A commonly asked question is whether their parents will still be […]

A Checklist of Key Considerations for a Reverse Mortgage
Friday, February 10, 2017

A Checklist of Key Considerations for a Reverse Mortgage

Are you considering a reverse mortgage, but don’t know where to start? The National Reverse Mortgage Lenders Association (NRMLA) recently published a very helpful guide that answers some of your biggest questions. For example, the guide provides detailed answers to:  “Will your spouse be on the loan” and “How will the loan be repaid”.1 NRMLA […]

Financial Benefits of Home Ownership
Thursday, February 2, 2017

Financial Benefits of Home Ownership

“America is a nation of homeowners.” Most people would agree that owning a home provides both financial and personal benefits. Home ownership gives you a place to call your own while earning equity at the same time. If you’re on the fence about your next move, below are six reasons you may want to consider […]

What Is a HECM and How Much Money Can You Receive?
Wednesday, January 25, 2017

What Is a HECM and How Much Money Can You Receive?

A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, is a Federal Housing Administration (FHA) insured loan.  A reverse mortgage enables seniors to access a portion of their home’s equity to obtain tax free1 funds without having to make monthly mortgage payments.2 You can receive your loan proceeds as a lump sum, […]

Four Strategies to Help You in Retirement
Friday, January 20, 2017

Four Strategies to Help You in Retirement

If you’re nearing retirement, you may be starting to think about ways to conserve your income and ensure your next egg lasts. Below are four strategies recommended by retirement expert, Steve Vernon. Over the last forty years, Vernon has worked as a consulting actuary assisting employers and workers with retirement issues. He has written five […]