Questions to Ask If You’re Considering a Reverse Mortgage
September 12, 2019

Questions to Ask If You’re Considering a Reverse Mortgage

A Home Equity Conversion Mortgage (HECM) loan, also known as a reverse mortgage loan, can be an important financial tool that allows homeowners 62 and over to access a portion of their home equity. Below are five questions to ask yourself if you’re considering a reverse mortgage.  Do you plan to live in your home […]

What’s a Reverse Mortgage?
September 6, 2019

What’s a Reverse Mortgage?

A Home Equity Conversion Mortgage, (HECM), commonly known as a reverse mortgage loan, is a Federal Housing Administration (FHA) insured loan1 which allows you to access a portion of your home’s equity without having to make monthly mortgage payments.2 If you are at least 62 years old and have sufficient equity in your home, you […]

Finding a Reverse Mortgage Lender
August 30, 2019

Finding a Reverse Mortgage Lender

Your house is probably one of your most prized assets.  It’s where you’ve raised your family, made memories, and it has also gained equity during those years.  If you own your home and are 62 years or older, you may be able to convert the equity in your home into cash with a reverse mortgage […]

How Much Money Do You Get From a Reverse Mortgage?
August 21, 2019

How Much Money Do You Get From a Reverse Mortgage?

One of the first questions borrowers may ask when inquiring about a reverse mortgage is “how much money can I get?” Generally speaking, the amount you may be eligible to receive depends on the following: Current interest rates Appraised value of your home Any existing loans against the property Age of the youngest person on […]

Financial Options with High Home Values
August 16, 2019

Financial Options with High Home Values

When home prices are on the rise, it opens the opportunity to an array of financial options for homeowners.  Whether you are looking to borrow money, plan for retirement, or just live a little more comfortable, it may be a good time to begin exploring your options.  Here are some things to consider with the […]

Jumbo Reverse Mortgages
August 7, 2019

Jumbo Reverse Mortgages

Jumbo reverse mortgages, sometimes referred to as proprietary reverse mortgages, are designed to help owners of higher-value homes convert a portion of their home’s equity into funds needed for retirement. A jumbo reverse mortgage may be a better solution for a borrower if their home value is appraised above the traditional Home Equity Conversion Mortgage […]

Savings and Retirement: Will you have enough money?
July 31, 2019

Savings and Retirement: Will you have enough money?

A recent study done by the Employee Benefit Research Institute and independent research firm Greenwald & Associates, indicates that Americans are the most confident in their retirement future since the financial crisis of 2008.1 However, the study also shed light on the fact that many have not calculated how much they will need in terms […]

Boomers Aging in Place
July 24, 2019

Boomers Aging in Place

Traditionally, growing older meant moving from the home where you raised your kids and downsizing to a smaller house in a warmer climate. However, recent trends show baby boomers are deciding to age in place. The number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by […]

Line of Credit Options in Retirement
July 8, 2019

Line of Credit Options in Retirement

There are many options when it comes to borrowing money it can be difficult deciding which option is best for you and your financial needs.  Many seniors consider using a line of credit to help supplement their needs in retirement.  Let’s take a look at some of the popular line of credit options that are […]

Important Things To Know About Reverse Mortgages
June 17, 2019

Important Things To Know About Reverse Mortgages

A recent article about reverse mortgages was posted on The Week, which provided some important details about the loan product.   A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, is a Federal Housing Administration (FHA) insured loan1 which enables you to access a portion of our home’s equity without having to make […]