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 […]

Find The Best Reverse Mortgage Lender
September 28, 2018

Find The Best Reverse Mortgage Lender

When considering a reverse mortgage, selecting the best reverse mortgage lender for your needs is essential. Your lender will be your partner throughout the loan origination process, so it is necessary to choose a company that holds themselves accountable for the promises they make. The following questions will help you with your research as you look […]

Are Reverse Mortgages a Good Deal?
September 21, 2018

Are Reverse Mortgages a Good Deal?

A common method for tapping into home equity is with a line of credit. One way to get a line of credit is with a reverse mortgage. If you are a senior homeowner aged 62+ looking for ways to tap into your home equity, you may be wondering, are reverse mortgages a good deal? Reverse […]

Reverse Mortgage Resources
September 14, 2018

Reverse Mortgage Resources

Like with any financial product, it is essential that you fully understand your options before you move forward with a reverse mortgage loan. The reverse mortgage resources below can help you with your research. Use Your Home to Stay At Home The National Council on Aging created this reverse mortgage booklet. It is considered the […]

Planning A Comfortable Retirement – A Reverse Mortgage May Help
September 6, 2018

Planning A Comfortable Retirement – A Reverse Mortgage May Help

According to the 2018 Retirement Savings Survey, 56% of Americans have less than $10,000 saved for retirement1. Although many of the respondents in the younger subgroups had less money saved which may skew this percentage, 28% of those age 55 or older reported having no retirement savings at all. However, living comfortably during retirement has […]

Reverse Mortgage Lenders – Choosing The Right Lender
August 29, 2018

Reverse Mortgage Lenders – Choosing The Right Lender

Reverse Mortgage Lenders When you’ve made the decision to get a reverse mortgage loan, choosing the right lender is the next step.  With hundreds of reverse mortgage lenders and brokers available, this can seem a bit overwhelming.  Here are a few ways to narrow down the options and find the right lender for you:   […]

Can You Refinance A Reverse Mortgage?
August 24, 2018

Can You Refinance A Reverse Mortgage?

If you currently have a reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), you may be wondering if you can still refinance your loan.  The answer is yes; refinancing a reverse mortgage, also known by many lenders as a HECM-to HECM Refinance, is simply replacing your existing reverse mortgage with a new […]

What is the Government’s Role in a “Federally-Insured” Reverse Mortgage?
August 9, 2018

What is the Government’s Role in a “Federally-Insured” Reverse Mortgage?

If you have been researching reverse mortgages you have probably come across terms like government-insured or FHA-approved; but, what role does the government really have with a federally insured reverse mortgage?  To clarify, the only reverse mortgage loan that is insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM).  Specifically, […]