How to Save Enough for Retirement With The Help Of A Reverse Mortgage
June 15, 2018

How to Save Enough for Retirement With The Help Of A Reverse Mortgage

Many seniors are worried they will not be able to save enough for retirement. Starting to save later in life can be overwhelming and often feel like an uphill battle. The five strategies below can help you make a plan to maximize your money in retirement. 1. Understand your Social Security Benefits Don’t expect social […]

Reverse Mortgage Resources
June 6, 2018

Reverse Mortgage Resources

If you are apprehensive about your financial situation in retirement, you are not alone. Financial stability is a concern for many seniors. Social security benefits, savings, and retirement income may not provide enough money to cover living expenses as you age. However, the equity in your home may be able to help. A reverse mortgage […]

A Reverse Mortgage vs. A Home Equity Loan
May 30, 2018

A Reverse Mortgage vs. A Home Equity Loan

Two popular options that allow you to tap into your home equity without the need to sell your home are a reverse mortgage loan and a home equity loan. Understanding both of these options can help you decide which is better for you. Reverse Mortgage A reverse mortgage loan allows you to access a portion […]

4 Ways A Reverse Mortgage Can Make Life Better
May 23, 2018

4 Ways A Reverse Mortgage Can Make Life Better

Some people think that a reverse mortgage was designed to help senior homeowners who are “house rich and cash poor.” A reverse mortgage is really designed to improve the financial security of senior homeowners. These are four ways a reverse mortgage can help make your life better: 1. Retire Early Think of how great life could […]

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 […]