The reverse mortgage process is similar to that of a conventional loan. This example will help you understand what to expect. Meet Jane and Harry and follow them through their reverse mortgage process in the story below. Jane and Harry are retired. They have enough money to cover their living expenses in retirement, but Jane is worried that if one of them needs medical care as they age they may...

It’s that time of year when financial stress can creep up on you. According to the National Retail Federation, consumers plan to spend an average of $1,007 for items such as decorations, candy, and gifts this holiday season.1 This expense, added to that of travel and having company, can weigh heavily on your mind and possibly put you in a financial bind. If you’re feeling concerned about your...

Florida, well known as the Sunshine State, is a favorite retirement spot for many reasons. From its white sand beaches and sunny weather to its low cost of living, Florida has the amenities and comforts that many seniors wish for in retirement. According to the United States Census Bureau, 421,778 adults 65 years old+ call Florida home.1 Two significant expenses that seniors often consider in...

A reverse mortgage allows qualified senior homeowners to access a portion of their home equity as cash. The loan proceeds can be used to help with the costs of aging in place and may also provide seniors with financial security in retirement. If you are considering remaining in your home in retirement, a reverse mortgage may be able to help you. However, your circumstances may change as you age...

It is not uncommon for seniors to retire with debt. In fact, according to a survey by that National Council on Aging, 60% of U.S. adults 65 and older are in debt.1 69% of the same group are retired.2 If you are facing debt in retirement, you are not alone. When retiring with debt, it is important to have a clear picture of exactly how much debt you have and how you plan to manage your monthly...