Reverse Mortgage

Who Wants Reverse Mortgage Information? Why? And, What Can They Get from These Loans?

Reverse mortgages are popular financial products and popular debate topics.  Many people get a reverse mortgage to help finance retirement while some argue their value.  However, it seems that everyone seems to wants reverse mortgage information and to estimate their potential reverse mortgage loan amounts. Who are these people?  What does a reverse mortgage offer…

Love your home? Figure out how to stay there for retirement.

7 Tips to Help People Who Are Retired Stay in Their Homes Longer

Nine in 10 older Americans want to remain in their own homes as they get older. But most people aren’t planning ahead when it comes to making sure their houses are equipped to provide their desired lifestyle in retirement, research shows. In fact, while 96% of Americans age 50 to 80 say it’s important to…

Rising home values could make retirement more solvent.

House Prices at All Time High: Can You Afford Retirement Now?

According to the National Association of Realtors (NAR), the national median sales price for existing homes is currently at an all time high and sales have risen at their highest pace in over eight years. Lawrence Yun, NAR chief economist, is quoted in a press release saying, “Buyers have come back in force, leading to…

Retirement R&R: Renovate or Relocate?

Retirement Housing: Renovate or Relocate?

Retirement is supposed to be all about rest and relaxation, but lately the term “R&R” has taken a new meaning for retirees thinking about their living situations during their non-working years: Renovate or Relocate? Whether you are planning to take on a home improvement project or thinking about packing everything up and shipping out to…

The federal government protects both banks and consumers from financial losses on a reverse mortgage but they never take ownership of the home.

Does the Government Steal Your House When You Get a Reverse Mortgage?

A reverse mortgage is a loan that enables homeowners aged 62 or older to borrow against the equity in their home without having to sell the home, give up title, or take on a monthly mortgage payment. These loans  are very popular but are often misunderstood.  A common reverse mortgage misconception has to do with…

Many people find reverse mortgage ads to be confusing or misleading.

Reverse Mortgage Ads Are Very Misleading: Get the Facts Here

If you watch TV, you have probably seen commercials that promote the various benefits of reverse mortgages. Usually, it’s a well-known celebrity spokesperson, explaining how do reverse mortgages work and how to become eligible for these loans. But what you have heard in these ads may be misleading. The Consumer Financial Protection Bureau (CFPB) recently…

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 and…

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 equity…

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 some…

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 April…