Maintaining Quality of Life in Retirement with a Reverse Mortgage
November 6, 2019

Maintaining Quality of Life in Retirement with a Reverse Mortgage

Finances play a key role in maintaining your quality of life in retirement.  As you reach retirement age you will likely research various financial options as part of your retirement plan, one option may be a reverse mortgage loan.  If you are 62 years or older, a reverse mortgage may be a viable option to […]

How a Reverse Mortgage Can Help with Cost Burdens in Retirement
October 31, 2019

How a Reverse Mortgage Can Help with Cost Burdens in Retirement

Today, seniors owe a lot more money heading into retirement than ever before; and, the amount of debt has climbed sharply over the past decade.1 Many are just keeping up with the expenses of daily living which have become more and more difficult. Debt Levels on the Rise In recent years, older homeowners have taken […]

Is a Reverse Mortgage Loan a Good Idea for Me?
October 23, 2019

Is a Reverse Mortgage Loan a Good Idea for Me?

Seniors researching their retirement options are likely to be introduced to the reverse mortgage loan as an option for supplementing their monthly cash flow. While accessing their home equity and eliminating monthly mortgage payments1 are some of the main benefits of the reverse mortgage, there is still so much to consider before deciding that it’s […]

Best Reverse Mortgage Companies
October 17, 2019

Best Reverse Mortgage Companies

A reverse mortgage loan can provide security for seniors who have sufficient equity in their homes. The funds from a reverse mortgage can be used to supplement retirement income, pay off an existing mortgage1, consolidate debt2, pay for medical or in-home care, make home improvements or repairs, or just contribute to that rainy-day fund. Since […]

Reverse Mortgage Disadvantages
October 8, 2019

Reverse Mortgage Disadvantages

Seniors evaluating their retirement options may consider taking out a reverse mortgage loan to access their home equity as an extra source of funds. This can be an attractive option for seniors who wish to use the funds however they choose and to eliminate monthly mortgage payments.1,2 But a reverse mortgage may not be fit […]

Increased Home Values and Retirement
October 3, 2019

Increased Home Values and Retirement

Over the last 40 years, home values have been increasing across the country and depending on what region of the country, or even what neighborhood you live in, it can determine the increase in your home’s value. Let’s take a look at home values over the past couple of decades.  The US Census Bureau has […]

Enhance Your Retirement Plan with a Reverse Mortgage
September 24, 2019

Enhance Your Retirement Plan with a Reverse Mortgage

For many baby boomers steadily approaching retirement, now is the time to start making financial decisions that will affect their golden years.  From where they plan to live out these years to what happens to their estate after they pass, it’s imperative that these decisions be made thoughtfully.  Seniors with enough equity in their homes […]

Reverse Mortgage Counseling
September 19, 2019

Reverse Mortgage Counseling

Reverse mortgage counseling for potential borrowers is not only a requirement, but it is also a significant part of the reverse mortgage process. To make sure a borrower is thoroughly aware of the type of loan they are applying for, a counselor will navigate them through all the facets and responsibilities that come with a […]

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 […]