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Category: Reverse Mortgages

Articles and blog posts about Reverse Mortgages generally.

Four Retirement Assumptions That Could Hurt You

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

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Tips for Shopping for a Reverse Mortgage

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

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Traditional Vs Reverse Mortgage

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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Have Your Retirement Accounts Recovered From the Great Recession?

Many Americans were hit hard by the Great Recession of 2008.  A recent article states that, “the nation’s 401(k)s and IRAs lost about $2.4 trillion in the final two quarters of 2008, and the average loss that year for workers

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What You Should Know About Credit Card Balance Transfers

Transferring your credit card balance can be an effective way to reduce your overall credit card debt.  However, there are some things you should consider before taking advantage of such offers. Saving money Zero percent offers could potentially save you

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Reverse Mortgage Vs New Caregiver Loans

What is a Reverse Mortgage? A reverse mortgage can help senior homeowners get the funds they need to plan for a more secure retirement.  A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, is a Federal Housing

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6 Strategies for Incorporating Home Equity into Your Retirement Plan

Wade Pfau, a professor of retirement income at the American College of Financial Services just recently published a paper on six strategies for using a reverse mortgage as part of your retirement plan.  While there has been more research on

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Types of Reverse Mortgages

If you’re considering a reverse mortgage, it’s best to do your homework and educate yourself about your options.  Many people may not know that there are different types of reverse mortgage loans.  While the Federal Housing Administration insured loan program

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