Nov 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 […]

Nov 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 […]

Nov 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 […]

Oct 26, 2016
Reverse mortgages let seniors aged 62-and-older convert part of their home equity (wealth) into cash, a monthly check, or a line of credit. While reverse mortgages aren’t meant for all seniors, here are six situations they can be ideal: You love your home and don’t want to move If you take out a reverse mortgage, […]
Oct 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 […]

Oct 4, 2016

Seniors are living longer than ever, a trend that’s expected to continue in decades ahead. In fact, a recent report from the National Center for Health Statistics found that a 65-year-old American can expect to live to the age of 84.3—or for 19 years past the age of retirement Because seniors are living longer, they […]

Mar 10, 2016

Reverse mortgages have had a negative perception until recently. The Federal Housing Administration has altered the program to the point that it can now be used as a financial planning tool and not just another loan product. It still does not negate the fact that so many misconceptions have been associated with HECM loans. However, […]

Feb 4, 2016

If you’re a retiree, you have probably heard talk of reverse mortgages. What exactly are they? What are the pros and cons? Is a reverse mortgage a good idea for you personally? Reverse mortgages are basically loans available to people over 62. Using your house as collateral, the lender gives you money to use during […]

Jan 22, 2016
Home Equity Conversion Mortgage for Purchase: Helping Homeowners Age 62+ “Right-Size” Their Way into a More Comfortable Retirement Many people know that a reverse mortgage allows homeowners age 62 and older to tap into the equity of their homes to improve their cash flow and eliminate their monthly mortgage payments. But did you know it […]