Many baby boomers are making plans for the long term and want to age in place but realize their current home may not be well suited for their future needs. Whether it’s wanting to be closer to family, a warmer climate, an active adult community or a home that’s more suitable for retirement living, a Home Equity Conversion Mortgage (HECM) for Purchase may be able to help achieve those goals. The...

If you are interested in tapping into your home equity, but you’re not sure how to go about it, a reverse mortgage may be the answer. You should consider a reverse mortgage if: You want to eliminate your monthly mortgage payment.1 Are you still making monthly payments on your home?  Replacing your conventional mortgage with a reverse mortgage will eliminate your monthly mortgage payment. You may...

Many seniors have turned to a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage loan, to help supplement their retirement plan.  They were able to tap into their home equity and use the funds immediately to help with daily living expenses, medical bills, or set aside for an emergency. An important part of having a reverse mortgage loan is having a plan in place for when the...

With Americans finally beginning to emerge from the grip of a year-long pandemic, they now are turning their attention to the recent uptick in inflation.  The consumer price index has seen an increase of 0.08% from March to April, which is up 4.2% from the same time in 2020.1 While many seniors may have concerns about outliving their retirement savings, rising inflation can increase those worries...

When it comes to planning for retirement, you can expect health care to be one of your major expenditures along with housing and transportation. Unlike in previous generations, you may not have access to employer-sponsored retiree health benefits1. With health care costs utilizing a significant part of your retirement savings, you will want to have a plan in place for when these expenses arise...