Finding a Reverse Mortgage Lender Your house is probably one of your most prized assets.  It’s where you’ve raised your family, made memories, and it has also gained equity during those years.  If you own your home and are 62 years or older, you may be able to convert the equity in your home into cash with a reverse mortgage loan. With a reverse mortgage, finding the right lender could...

One of the first questions borrowers may ask when inquiring about a reverse mortgage is “how much money can I get?” Generally speaking, the amount you may be eligible to receive depends on the following: Current interest rates Appraised value of your home Any existing loans against the property Age of the youngest person on the title (or eligible non-borrowing spouse)1 The product you choose...

When home prices are on the rise, it opens the opportunity to an array of financial options for homeowners.  Whether you are looking to borrow money, plan for retirement, or just live a little more comfortable, it may be a good time to begin exploring your options.  Here are some things to consider with the current home market: Sell and Downsize People decide to move for many reasons; and, if...

Jumbo Reverse Mortgages Jumbo reverse mortgages, sometimes referred to as proprietary reverse mortgages, are designed to help owners of higher-value homes convert a portion of their home’s equity into funds needed for retirement. A jumbo reverse mortgage may be a better solution for a borrower if their home value is appraised above the traditional Home Equity Conversion Mortgage (HECM) limit of...

Savings and Retirement: Will you have enough money? A recent study done by the Employee Benefit Research Institute and independent research firm Greenwald & Associates, indicates that Americans are the most confident in their retirement future since the financial crisis of 2008.1 However, the study also shed light on the fact that many have not calculated how much they will need in terms of...