Henry Winkler Reverse Mortgage

Henry Winkler Reverse Mortgage? Fred Thompson Reverse Mortgage? Why Do Celebrities Pitch Reverse Mortgages?

If you’ve never seen a reverse mortgage commercial featuring the familiar face of a celebrity, you’re probably in the minority. Reverse Mortgage lenders have long elected to work with famous faces to help them get the word out about reverse mortgage products. It’s a common practice. Baby boomer celebrities represent brands across all product…

What is a reverse mortgage?

What is a Reverse Mortgage? Who is Behind these Loans?

A reverse mortgage is a loan taken against the equity that you have in your home. If eligible, older Americans can use a reverse mortgage to help them offset mounting costs or simply provide an additional revenue stream in retirement. The financial tool enables qualifying homeowners aged 62 or older to borrow against the…

reverse mortgages and home repairs

Reverse Mortgages and Repairs to Your Home — What You Need to Know

One of the biggest draws for reverse mortgages is their ability to help older adults remain in their homes, while also providing them with some additional cash flow via their home equity. But while not everyone’s home may be physically equipped to suit their aging needs, certain features of reverse mortgages can help cover…

reverse mortgage

Reverse Mortgage Information: What You Need to Know About New Product Coming in April

A new reverse mortgage is debuting in late April and, in some ways, how to qualify for a reverse mortgage will soon look a lot like that of getting a traditional “forward” mortgage. Historically, reverse mortgages have been known as loans that did not require credit or income requirements — but that’s changing. Come…

iStock_000016907156_Small

Retirement Taxes: Reverse Mortgage Tax Implications

Tax season can seem like an overwhelming time of year. As you’re busy gathering all the receipts, statements and other necessary documentation on your retirement assets, you might want to consider how alternative investments, like getting a reverse mortgage, can impact your retirement taxes. In recent years, reverse mortgages have been garnering greater acknowledgement…

iStock_000022421684Small

3 Underreported Facts about Reverse Mortgages

A retirement financial planner can help you understand your options. Mapping your path to a comfortable retirement calls for personalization. At its best, financial planning for this life phase should resemble a shopping trip: you decide your priorities, set your budget, then make selections from an array of offerings based on your needs. As…

Cheerful couple relaxing on their couch using the laptop at home in the sitting room

New Reverse Mortgage Product Has Arrived: Here’s What You Need to Know

Reverse mortgages just got a lot safer. The government has implemented new rules for its Home Equity Conversion Mortgage (HECM) program. The new reverse mortgage rules include an important feature for any couple who are considering a reverse mortgage but have only one spouse on the home title. A second change also makes more…

Creative LTC Coverage

5 Creative Ways to Plan for and Fund Long Term Care

About 70% of of people who turn age 65 will need some type of long term care in their lifetime, according to the U.S. Department of Health and Human Services, but few are prepared to pay for that care. Despite that reality, most clients are “pretty much in denial” about long term care planning,…

iStock_000008843078Medium

What is the New Reverse Mortgage? Should You Take a Look?

You may have recently seen a new reverse mortgage ad on TV.  It talks about the new reverse mortgage.  Is it really new?  The answer is both yes and no.  Reverse mortgages have evolved considerably, but they are still a product that help older Americans fund retirement by enabling them to tap into some…

iStock_000000216117Small

The Truth About a Reverse Mortgage After Death of a Spouse

Over the last few months, there has been a lot of media coverage about what happens to the reverse mortgage surviving spouse — the spouse who is still alive after a reverse mortgage borrower dies. New Retirement is setting the record straight with a guide to everything you need to know about a reverse…