High Home Values and a Jumbo Reverse Mortgage Home values have been on the rise over the past few years, with the 2019 median home value in the US being $244,045, which is a 3,7% increase over the previous year.1 However, home values can differ greatly depending on where you live.  Here’s a look at the top ten states with the highest median home values in 2019.2 Hawaii- $636,451District of...

Learn how some seniors are tapping into their home equity in retirement. Many seniors may find themselves struggling financially in retirement. A reverse mortgage loan may help in these situations.  Reverse mortgages work differently from traditional mortgages because they convert your home equity into a source of income that you can draw from rather than a loan that requires monthly...

Ways to Receive a “Paycheck” Throughout Retirement When you retire, your paychecks stop, but your expenses will continue. The need to create a reliable source of income during your retirement may take some planning and strategic choices.  Here are some ways you could still receive money in your golden years: Social Security The earliest an individual can start receiving social...

Rising home values can increase how much equity seniors have access to in retirement. Seniors who took out a reverse mortgage on their home in previous years may find that their home value has increased.  These rising home values and an increased max claim amount for Home Equity Conversion Mortgages (HECMs) could make it the right time to consider refinancing.  What borrowers may not realize is...

A reverse mortgage can help seniors tap into their home equity. Having enough funds to support long-term needs is an ever-increasing concern for seniors. Those who purchased their home in booming housing markets, like California, may find themselves house-rich and cash-poor.  This means that they have more equity locked into the value of their home than they have in liquid assets. Reverse...