Finances play a key role in maintaining your quality of life in retirement.  As you reach retirement age you will likely research various financial options as part of your retirement plan, one option may be a reverse mortgage loan.  If you are 62 years or older, a reverse mortgage may be a viable option to supplement your retirement plan. A flexible financial tool for retirement. Unfortunately...

How a Reverse Mortgage Can Help with Cost Burdens in Retirement Today, seniors owe a lot more money heading into retirement than ever before; and, the amount of debt has climbed sharply over the past decade.1 Many are just keeping up with the expenses of daily living which have become more and more difficult. Debt Levels on the Rise In recent years, older homeowners have taken on more debt when...

Retirement Options Seniors researching their retirement options are likely to be introduced to the reverse mortgage loan as an option for supplementing their monthly cash flow. While accessing their home equity and eliminating monthly mortgage payments1 are some of the main benefits of the reverse mortgage, there is still so much to consider before deciding that it’s a good fit. So, when is...

Best Reverse Mortgage Companies A reverse mortgage loan can provide security for seniors who have sufficient equity in their homes. The funds from a reverse mortgage can be used to supplement retirement income, pay off an existing mortgage1, consolidate debt2, pay for medical or in-home care, make home improvements or repairs, or just contribute to that rainy-day fund. Since not all reverse...

Reverse Mortgage and Retirement Seniors evaluating their retirement options may consider taking out a reverse mortgage loan to access their home equity as an extra source of funds. This can be an attractive option for seniors who wish to use the funds however they choose and to eliminate monthly mortgage payments.1,2 But a reverse mortgage may not be fit for all retirement scenarios.  Below...