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 direct lender that specializes in reverse mortgages. Before choosing a lender, consider doing a little...

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 convert it into cash can do so with a reverse...

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 could be right for you. Home...

Scammers have long been known to target seniors, making them particularly susceptible to financial exploitation.  In 2016 Americans 50 years and older held over 80% of the wealth in the country while households held by owners in their 70’s and 80’s typically had the highest net worth.1 Studies have calculated that seniors could have lost up to $36 billion, a figure hard to calculate as its...

As a nation we are experiencing mandatory quarantine, historic unemployment rates1 and the continuing volatility of the stock market as we continue to be at the mercy of the COVID-19 crisis.  Many are looking forward to when life will be back to normal; however, when it happens, it will be a different normal. To mitigate the financial implications of the coronavirus, many seniors have turned to...