Get Cash with a Reverse Mortgage
December 7, 2018

Get Cash with a Reverse Mortgage

It’s that time of year when financial stress can creep up on you. According to the National Retail Federation, consumers plan to spend an average of $1,007 for items such as decorations, candy, and gifts this holiday season.1 This expense, added to that of travel and having company, can weigh heavily on your mind and […]

Reverse Mortgages in Florida
November 29, 2018

Reverse Mortgages in Florida

Florida, well known as the Sunshine State, is a favorite retirement spot for many reasons. From its white sand beaches and sunny weather to its low cost of living, Florida has the amenities and comforts that many seniors wish for in retirement. According to the United States Census Bureau, 421,778 adults 65 years old+ call […]

Can You Sell a House With a Reverse Mortgage?
November 20, 2018

Can You Sell a House With a Reverse Mortgage?

A reverse mortgage allows qualified senior homeowners to access a portion of their home equity as cash. The loan proceeds can be used to help with the costs of aging in place and may also provide seniors with financial security in retirement. If you are considering remaining in your home in retirement, a reverse mortgage […]

How a Reverse Mortgages Can Help Manage Debt in Retirement
November 16, 2018

How a Reverse Mortgages Can Help Manage Debt in Retirement

It is not uncommon for seniors to retire with debt. In fact, according to a survey by that National Council on Aging, 60% of U.S. adults 65 and older are in debt.1 69% of the same group are retired.2 If you are facing debt in retirement, you are not alone. When retiring with debt, it […]

Reverse Mortgages in Los Angeles
November 8, 2018

Reverse Mortgages in Los Angeles

Historically, home values in Los Angeles, California have been significantly higher than the national average. Using data pulled September 30, 2018, Zillow shows the median home value in Los Angeles at $679,200 and the median home value in the U.S at $275,000.1 Home values are not the only thing that is above average in Los […]

Reverse Mortgage Counseling
November 2, 2018

Reverse Mortgage Counseling

The Federal Housing Administration (FHA) requires all reverse mortgage applicants to complete a counseling session with a reverse mortgage counselor approved by the Department of Housing and Urban Development (HUD). The goal of reverse mortgage counseling is to make sure that each borrower has a complete understanding of the loan product before they decide to […]

Alternatives to a Reverse Mortgage Loan
October 26, 2018

Alternatives to a Reverse Mortgage Loan

Many senior homeowners choose to use a reverse mortgage as part of their retirement plan. It is a popular financial tool to supplement income, consolidate debt, or provide a safety net for other purposes.  However, reverse mortgages aren’t the right solution for everyone.  It is important to understand your options and consider various alternatives to […]

Steps in the Reverse Mortgage Loan Process
October 18, 2018

Steps in the Reverse Mortgage Loan Process

Reverse mortgage borrowers usually spend a few months researching on their own before speaking with a lender. After receiving a quote from a licensed loan advisor, they often take some time looking over their personalized information and weighing the pros and cons of a reverse mortgage before deciding to move forward. Once a homeowner applies […]

Calculating How Much You May Get With A Reverse Mortgage
October 11, 2018

Calculating How Much You May Get With A Reverse Mortgage

A reverse mortgage can increase your cash flow and allow you to improve your financial security by helping you extend the life of your retirement savings. Using the proceeds from a reverse mortgage to pay off your existing mortgage and consolidate other debt can also relieve you from monetary pressures and allow you to take […]

How Do You Qualify For A Reverse Mortgage?
October 4, 2018

How Do You Qualify For A Reverse Mortgage?

A Home Equity Conversion Mortgage (HECM), more commonly known as a reverse mortgage, is a powerful financial tool that many senior homeowners use to supplement their retirement income. A reverse mortgage allows qualified seniors to access a portion of their home equity as usable funds. If you are looking for ways to leverage your home […]