Reverse Mortgage Basics
May 28, 2020

Reverse Mortgage Basics

What is a reverse mortgage? A reverse mortgage is a loan that allows senior homeowners to access the equity in their homes in the form of cash proceeds.  Borrowers must continue to live in and own the home if they have a reverse mortgage.  In 2019, over 30,000 seniors took advantage of the benefits of […]

Reverse Mortgage Tips
May 20, 2020

Reverse Mortgage Tips

The reverse mortgage loan process is generally the same regardless of which lender you choose. However, the following are some reverse mortgage tips that can help you prepare and may even streamline the process.  Two of the steps that involve homeowner engagement are: 1) the Housing and Urban Development (HUD) counseling session1 and 2) the […]

The Reverse Mortgage Process
May 14, 2020

The Reverse Mortgage Process

Once you have decided that you want to proceed with a reverse mortgage, you may wonder, “OK, What is next?”  Below are the steps involved with moving forward with a reverse mortgage. Finding a Lender First, you need to find a lender that is a good fit for you.  It is recommended to find a […]

Reverse Mortgage for Seniors
May 7, 2020

Reverse Mortgage for Seniors

Seniors without regular income in retirement may find themselves struggling with finances. The reverse mortgage for seniors is an option for those who own their home, have sufficient equity, and want access to additional funds. What is a Reverse Mortgage Loan for Seniors? Homeowners 62 years and older who want to tap into their home equity and […]

Loan Options for Tapping into Home Equity
April 30, 2020

Loan Options for Tapping into Home Equity

While we continue to persevere during these trying times, many Americans are struggling with financial hardships due to unemployment, losses in the stock market, and the pandemic.  There are many loan options available, but some may be more difficult to qualify for in the current economic environment.  The following information could help determine which product […]