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How Do You Qualify For A Reverse Mortgage?

A Home Equity Conversion Mortgage (HECM), more commonly known as a reverse mortgage, is a powerful financial tool that many senior homeowners use to supplement their retirement income. A reverse mortgage allows qualified seniors to access a portion of their home equity as usable funds. If you are looking for ways to leverage your home equity you may be wondering, how do you qualify for a reverse...

Find The Best Reverse Mortgage Lender

When considering a reverse mortgage, selecting the best reverse mortgage lender for your needs is essential. Your lender will be your partner throughout the loan origination process, so it is necessary to choose a company that holds themselves accountable for the promises they make. The following questions will help you with your research as you look for the best reverse mortgage lender:...

Are Reverse Mortgages a Good Deal?

A common method for tapping into home equity is with a line of credit. One way to get a line of credit is with a reverse mortgage. If you are a senior homeowner aged 62+ looking for ways to tap into your home equity, you may be wondering, are reverse mortgages a good deal? Reverse mortgages are a good deal for some individuals and, like any other financial product, there are pros and cons to be...

Reverse Mortgage Resources

Like with any financial product, it is essential that you fully understand your options before you move forward with a reverse mortgage loan. The reverse mortgage resources below can help you with your research. Use Your Home to Stay At Home The National Council on Aging created this reverse mortgage booklet. It is considered the official reverse mortgage consumer booklet approved by the U.S...

Planning A Comfortable Retirement – A Reverse Mortgage May Help

According to the 2018 Retirement Savings Survey, 56% of Americans have less than $10,000 saved for retirement1. Although many of the respondents in the younger subgroups had less money saved which may skew this percentage, 28% of those age 55 or older reported having no retirement savings at all. However, living comfortably during retirement has a different definition depending on who you ask and...