Reverse Mortgage Loans

Could You Benefit From a Second Reverse Mortgage?

June 21st, 2016

There’s a misconception out there that a person can only be eligible for a reverse mortgage once in their lifetime.  However, this isn’t necessarily true.  Depending on your situation, you may have the need for a second reverse mortgage.  According

In-Home Care Costs More Than You May Think

June 8th, 2016

We all hope to be healthy and self-sufficient long into our golden years, but according to Tom McInerney, President and CEO of Genworth Financial, “…at least 70 percent of Americans over age 65 will need some form of long term

Home Equity Could be the Answer for Cash Strapped Seniors

May 25th, 2016

Many baby boomers are moving into retirement, but unfortunately many of them don’t have sufficient savings to meet their basic retirement needs.  The Employee Benefit Research Institute states that, “Boomers are woefully unprepared for retirement.  In order to meet their

Reverse Mortgages in the News

May 3rd, 2016

There has been some interesting coverage on Reverse Mortgages in the news recently. In fact, NBC Nightly News with Lester Holt recently aired a segment on how a Reverse Mortgage can help save you money. Watch the video below and

What to do in the Event of an Unexpected Retirement

April 12th, 2016

You try to do your best to plan for retirement, but what do you do when you’re forced to retire early?  According to two new surveys, this happens more often than you might think.  “Research from Voya Financial says that

Recent Study Shows High Satisfaction among Reverse Mortgage Borrowers

March 29th, 2016

If you’re 62 or older and are looking for a way to supplement your income, a reverse mortgage may provide the extra funds you need to live a more comfortable retirement.  A Home Equity Conversion Mortgage (HECM), commonly known as

How Can You Save Money On Your Mortgage?

March 15th, 2016

Many Americans dream of home ownership, although this dream usually comes with substantial monthly mortgage payments as well.  For many folks, their mortgage is their biggest expense.  Unless you have the funds to pay your mortgage off all at once,

Four Retirement Assumptions That Could Hurt You

March 2nd, 2016

There’s a lot of information out there about the “do’s and don’ts” of saving for retirement.  Most financial professionals would probably agree on some of the basics…for example, it’s important to start saving early and often.  However, with all the

Tips for Shopping for a Reverse Mortgage

February 16th, 2016

Reverse mortgages are gaining popularity as a way for seniors to enhance their retirement security.  According to Peter Bell, president of the National Reverse Mortgage Lenders Association (NRMLA), “Since the program began, consumers have taken out a total of 911,314

Traditional Vs Reverse Mortgage

February 2nd, 2016

Traditional Mortgage Defined A conventional or traditional mortgage is used to buy or refinance a home.  The lender lends you the funds, and in exchange, you agree to pay the lender back the money you borrowed, plus interest, over an


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