How to Use a Reverse Mortgage to Fund a Social Security Delay
January 18, 2018

How to Use a Reverse Mortgage to Fund a Social Security Delay

Many seniors enroll for social security benefits as soon as they are eligible to do so, at age 62, in order to help supplement their retirement income. While claiming social security benefits right away does help cover immediate costs, there are significant benefits in waiting to enroll. In fact, waiting to claim social security benefits […]

3 Reasons to Refinance Your Conventional Mortgage with a Reverse Mortgage
January 10, 2018

3 Reasons to Refinance Your Conventional Mortgage with a Reverse Mortgage

If you are a homeowner 62 years of age or older you may want to refinance your conventional mortgage with a reverse mortgage. A reverse mortgage allows you to access a portion of your home equity as cash, while remaining in your home and maintaining ownership.1 Reverse mortgages, unlike conventional mortgages, do not require monthly […]

How Much Can I Get From A HECM Loan?
January 3, 2018

How Much Can I Get From A HECM Loan?

Many senior homeowners who are looking for a way to supplement their income are turning to Home Equity Conversion Mortgages (HECMs) as a way to convert their home equity into cash. A HECM, also called a reverse mortgage, allows seniors to access a portion of their home equity while remaining in their home and maintaining […]

Prevent or Alleviate Financial Stress with a Reverse Mortgage
December 27, 2017

Prevent or Alleviate Financial Stress with a Reverse Mortgage

Financial security and peace of mind is vital to retiring seniors’ wellbeing. In fact, research found that financial stress has a direct impact on the health of seniors.1 Unfortunately, many seniors experience financial stress despite the negative effect it has on them. A survey conducted by the Federal Reserve reported that 31% of adults in […]

How to Use a Reverse Mortgage when you have an Existing Mortgage
December 20, 2017

How to Use a Reverse Mortgage when you have an Existing Mortgage

Retired seniors with mortgage debt face a difficult situation. Monthly mortgage payments contribute to high monthly living costs which can put limitations on the lifestyles of seniors who are living on a fixed income. A reverse mortgage is one of the very few financial tools that allows senior homeowners to access a portion of their […]

7 Reverse Mortgage Misconceptions Debunked
December 13, 2017

7 Reverse Mortgage Misconceptions Debunked

You may have seen Reverse Mortgages, also called Home Equity Conversion Mortgages (HECM), in the news lately. These types of mortgage loans have become a topic of discussion for many seniors as they plan for retirement. With new safeguards in place, these Federal Housing Administration1 (FHA) insured loans are now recommended by many financial advisors […]

Reverse Mortgages Just Got Cheaper
December 12, 2017

Reverse Mortgages Just Got Cheaper

Senior homeowners interested in eliminating their monthly mortgage payments1 with a reverse mortgage will be happy to learn they will likely end up saving a significant amount of money under the new HUD guidelines. The recent changes, which went into effect on October 2nd, can result in thousands of dollars in savings each year in the […]

Why Baby Boomers are the First Generation to Widely Utilize Reverse Mortgages in Retirement
December 6, 2017

Why Baby Boomers are the First Generation to Widely Utilize Reverse Mortgages in Retirement

Retirement is often thought of as “the golden years,” the time of life where the stresses and worries of the working world are in the past. The term may bring to mind images of sunset evenings on the porch, sipping a cool drink, and watching the world go by. Unfortunately, for many baby boomers, the […]

Use a Reverse Mortgage for Age in Place Remodeling
November 29, 2017

Use a Reverse Mortgage for Age in Place Remodeling

One question that many seniors face as they enter retirement is how they would like to address the possible need for long term care as they age. Although long-term care facilities are a necessity for some, many seniors will have the option to remain in their home and age in place. Staying at home allows […]

5 Benefits of Aging in Place
November 22, 2017

5 Benefits of Aging in Place

For most seniors, having the option to remain living in their home as they age is extremely important. According to a survey conducted by AARP on Home and Community Preferences of the 45+ Community, 88% of Americans over the age of 65 reported the desire to remain in their homes for as long as possible.1 […]