Blog
7,
2017
If you’re a retired homeowner, you might have wondered about reverse mortgages. Reverse mortgages, also known as Home Equity Conversion Mortgages (HECM), let Americans 62-and-older convert part of their home equity (wealth) into cash, a monthly check, or a line of credit. To help you better understand reverse mortgages, the National Reverse Mortgage Lenders Association […]
1,
2017
Reverse mortgages are a unique type of loan that has quickly become popular with senior homeowners. With a reverse mortgage, a homeowner may receive a sizeable percentage of their home equity (wealth) and continue to live in their home for the rest of their life provided they pay their property taxes, insurance and HOA dues. […]
1,
2017
As we move into February, it’s been a busy period for mortgage-related news. Here are some recent highlights: Mortgage rates down for third week straight, Freddie Mac says Mortgage rates fell for the third straight week, following their rapid rise after the November presidential election. Key takeaway: many investors still predict higher mortgage rates in […]
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 […]
12,
2016
With less than a month until 2017, the mortgage and housing industries are as active as ever. Here are some interesting new articles on industry trends and news: Realtor.com 2017 National Housing Forecast Realtor.com, one of the most popular online real estate websites, has released its 2017 housing forecast. The forecast provides useful predictions and […]
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 […]
23,
2016
It’s been a busy few weeks when it comes to mortgage-related news. Here are some highlights: President-elect Trump vs Mortgage Rates You might have heard, we just had an election! President-elect Trump’s economic policies will have a powerful impact on the mortgage industry. This article analyzes some mortgage industry predictions and scenarios that could happen […]
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