Application Process for a Reverse Mortgage
July 30, 2020

Application Process for a Reverse Mortgage

You’re interested in a reverse mortgage, have done your research and decided on a lender.  Now, you are asking, “What is the next step?”  It’s the application.  Below are the steps involved and the information that may be requested by your lender to complete the application process. What is the Reverse Mortgage Application? The application […]

Reverse Mortgage Appraisals
July 23, 2020

Reverse Mortgage Appraisals

A reverse mortgage can be beneficial to seniors who are struggling during the current economic conditions.  An important part of the reverse mortgage process is the appraisal.  With the current pandemic, there have been concerns that seniors, who have been most affected by COVID-19, may not want to risk exposure by allowing someone to come […]

Increased Interest in Reverse Mortgages
July 17, 2020

Increased Interest in Reverse Mortgages

A recent article from CNBC.com reveals that applications for reverse mortgages were up 15% in March 20201.  Many seniors are doing their research and are seeing how a reverse mortgage can be beneficial with the current economic climate. A reverse mortgage loan is available to homeowners who are 62 years and older.  It allows seniors […]

Seniors with Disabilities and a Reverse Mortgage
July 10, 2020

Seniors with Disabilities and a Reverse Mortgage

Many seniors may wonder if a reverse mortgage is right for them.  But what if they have a disability and are on a limited income?  They may be concerned that the additional funds from a reverse mortgage could interrupt the benefits they are receiving from the federal government.  With a little bit of research and […]

Refinancing a Reverse Mortgage
July 1, 2020

Refinancing a Reverse Mortgage

The Federal Reserve has taken the action of cutting interest rates to almost 0%1 due to the impact on the economy from the coronavirus.  While this a great time for borrowers considering a reverse mortgage, it may be an even better time for those borrowers who already have a reverse mortgage to think about refinancing. […]