Surprising Facts About Social Security
Wednesday, April 19, 2017

Surprising Facts About Social Security

For many Americans, social security benefits are a vital part of their retirement income plan. Therefore, it’s important to understand the rules and stay informed of any changes. Below are a few lesser-known facts about social security that may surprise you.1 Did you know that unmarried children under the age of 18 can receive benefits? […]

Consider Refinancing While Rates Are Still Low
Tuesday, April 11, 2017

Consider Refinancing While Rates Are Still Low

Mortgage interest rates are likely on the rise, so if you’re thinking about refinancing or buying a home, now may be a good time. Below are some helpful tips to keep in mind as you shop for a mortgage:1 Paying Attention to Interest Rates Even a small movement in mortgage rates can have a significant […]

What Is Home Equity And How Can It Be Used?
Tuesday, April 4, 2017

What Is Home Equity And How Can It Be Used?

For many Americans, the equity they have in their home is their largest asset. Often times, their home equity makes up more than half of their net worth. However, despite the large amount home equity held by homeowners 62 and older; many don’t fully understand how it’s measured or how to incorporate it into a […]

Maintenance Tips for Spring
Wednesday, March 29, 2017

Maintenance Tips for Spring

Is your home ready for spring? This is the perfect time to give your home a good “once-over”. Taking care of minor repairs and clean-up from the winter months will help prepare your home for the long summer ahead. Regular home maintenance can make a big difference to the appearance of your home, and help […]

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 […]