Blog
12,
2017
If you’re considering a reverse mortgage, we advise talking to your adult children beforehand about your thoughts and goals. This video provides some tips to help guide this conversation:
6,
2017
Before you can receive a home equity conversion mortgage (also known as a reverse mortgage), you’re required to take part in a third party counseling session with a government-approved counselor. This counseling session helps you learn more about the loan. Depending on your financial circumstances, there could be fees for this session. Learn about the […]
30,
2017
When you apply for a reverse mortgage loan, you will need to provide some documentation. It is a good idea to create a checklist of all the documents that you may need for the reverse mortgage process. This video breaks down the documents you should gather before applying for a reverse mortgage.
23,
2017
Retirement is meant to be a time of self-exploration, fun, and relaxation. You spent 40+ years working hard, and retirement is your reward for that hard work. Many seniors take advantage of their free time with vacations, especially cruises, which provide the ultimate escape from day to day life. There are many affordable cruises. But […]
16,
2017
Home equity conversion mortgages (HECM), also known as reverse mortgages, let eligible Americans 62 and older borrow money from their home equity. While HECMs can be a powerful tool for certain individuals and families, they’re not meant for everyone. Watch this video to learn if a HECM could be right for you.
10,
2017
Reverse mortgages provide seniors with an opportunity to take out a home loan on the equity of their current home. Seniors can continue to live on their property without making any additional mortgage payments. Interest is added to the balance of the loan. With a reverse mortgage, seniors do not need to worry about paying […]
2,
2017
Baby boomers: the ideal reverse mortgage candidate? According to newly-released government data, 32% of Americans aged 65 to 69 are employed—the highest percentage in 55 years. In addition, 19% of Americans aged 70 to 74 are still working, up from 11% in 1994. Economists expect even higher rates of working seniors in the coming decades, […]
17,
2017
5,
2017
Discover the Home Equity Conversion Mortgage (HECM), a remarkable tool that can provide seniors increased financial stability. This infographic breaks down: How seniors 62-and-up can strategically use the $6.2 trillion of equity stored in their homes Reasons why you or a family member might consider using a HECM The HECM’s wide range of payout methods […]
19,
2017
Reverse mortgages continue to receive positive publicity in the news media, this time from USA Today. In a recent article, titled “Want financial security? Home equity and retirement accounts are key,” reverse mortgages are described as being a critical part of retirement planning. Wade Pfau, professor of retirement income at The American College of Financial […]
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