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 […]

Questions To Consider When Getting a Reverse Mortgage
Wednesday, January 11, 2017

Questions To Consider When Getting a Reverse Mortgage

A reverse mortgage is a complicated financial product, so it’s important to ask all your questions upfront to ensure you have a solid understanding of how the loan works and what the expectations are. Below are some questions to keep in mind when considering a reverse mortgage.1 Who am I working with? When shopping for […]

Using a HECM Refinance Vs a HECM for Purchase
Tuesday, January 3, 2017

Using a HECM Refinance Vs a HECM for Purchase

Seniors often face many decisions when it comes to retirement. For example, will they be able to remain in their current home and age in place comfortably, or does it make more sense to downsize and free up their equity. Fortunately, a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, could be […]

How Does a Reverse Mortgage Impact Your Heirs?
Wednesday, December 28, 2016

How Does a Reverse Mortgage Impact Your Heirs?

If you are considering a Home Equity Conversion Mortgage (HECM) loan, you will most likely want to discuss this option with your heirs. A common first reaction among heirs may be skepticism. Often times, heirs are concerned about their potential inheritance being at risk.  However, many heirs are unaware that a HECM loan may not […]

Tackling Rising Costs of Health Care
Thursday, December 22, 2016

Tackling Rising Costs of Health Care

The rising costs of health care these days can quickly eat away at your retirement funds. In fact, according to AARP, the average couple over 65 can expect to spend about $240,000 in medical bills over the course of their retirement. This combined with the fact that about a third of Americans over 65 rely […]