Blog
24,
2017
A recent study estimates that as many as 33% of Americans have $0 saved away for retirement, and over half have “less than $10,000.” Fewer employers offer any form of retirement package, and given the financial demands of the modern household, it’s no wonder that so few workers are able to save for the future. […]
18,
2017
It is estimated that senior property owners are sitting on more equity than at any time in history – over $6 trillion. This has led to more seniors into considering a reverse mortgage. If you’re thinking about getting a reverse mortgage, we strongly advise talking with your adult kids about your reasons. Here are some […]
11,
2017
According to the Government Accountability Office, 1/3rd of seniors age 55 and over do not have even a penny of retirement savings, and well over 50% have less than they need to live comfortably. For the children of seniors that are limited in their retirement, there may come a time when you need to come […]
3,
2017
Harvard University, America’s oldest university and one of the world’s best, says reverse mortgages can be an option to help senior homeowners reduce cost burdens and comfortably age in place in a new report. The report, titled “Projections and Implications for Housing a Growing Population: Older Adults 2015-2035,” addresses housing demands for America’s rapidly growing […]
1,
2016
Are you ready to take the next step toward applying for a reverse mortgage? Congratulations! Reverse mortgages let Americans 62-and-up convert part of their home equity (wealth) into cash, a monthly check, or a line of credit. This can provide a financial nest egg for retirees to help meet unexpected costs, such as medical bills […]
16,
2016
Do reverse mortgages have an undeserved bad rap? One of America’s leading retirement planning experts believes so. Wade Pfau, professor of retirement income at The American College and Director of Retirement Research at McLean Asset Management and inStream Solutions, says Home Equity Conversion Mortgages (also known as reverse mortgages) can improve retirees’ financial sustainability and […]
10,
2016
So you’ve spent time researching reverse mortgages and want to speak with a loan officer. Congratulations! For Americans aged 62 and up, reverse mortgages can provide benefits in a variety of situations. When you meet with your loan officer, it’s best to come prepared. Here are some questions you’ll want to ask them: Why do […]
3,
2016
For some retirees, a reverse mortgage can be an effective retirement tool. Reverse mortgages allow Americans aged 62 and older to convert part of their home equity (wealth) into cash without selling their home. This can help retirees supplement their monthly expenses or prepare for unexpected costs. In a reverse mortgage: The lender pays you […]
26,
2016
20,
2016
If you’re retired, your home’s layout, features, and location play an important part of your life. And if you’re still living in the home where you raised your children, the home may no longer be ideal for your lifestyle and circumstances. For example, it may be too large, have stairs that are difficult to walk […]
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