A reverse mortgage is a federally insured loan for homeowners who are 62 years of age and older. On this page you’ll find lots of information about reverse mortgages and a link to our reverse mortgage calculator. Use this guide to reverse mortgage calculations to help understand: How Much Money Can I Get from a…
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Saving money is hard enough. No one wants more bills to pay, especially when you’re on a fixed or limited income.But insurance is something of a necessary evil. And certain insurance plans can help you live out your golden years as worry-free as possible — a worthy investment in your well-deserved break from workaday reality….
Can a reverse mortgage line of credit provide financial security? A reverse mortgage line of credit is exactly what it says it is… It is a line of credit on a reverse mortgage. Mmmm… that doesn’t really clear it up at all, does it? Reverse mortgages can be difficult to understand. We’ll break it down…
Data from the Insured Retirement Institute (IRI) suggests that Baby Boomers are pretty busted and busted up about their retirement prospects. Boomers have made some big retirement planning mistakes — even beyond giving away their record collections. (You didn’t really do that, did you?) The results of the IRI survey reveal that many Boomers have…
One of the best ways to celebrate retirement is with a retirement party. Retirement is a huge milestone and a great reason to celebrate. Throw a party for yourself, get a friend to do it for you. Celebrate a friend or family member with the best party planning ever! The Big Takeaways… When planning someone’s…
Reverse mortgages have been commonly viewed as a last resort that should be avoided like the plague. This false “loan of last resort” reputation reduces reverse mortgage use among many retirees who stand to benefit from tapping into their home equity. However, several recent developments have transformed these products into viable financial planning tools. New…
For some homeowners over 62 years old, a reverse mortgage can be a great option for improving retirement finances and quality of life. There are, however, quite a few misunderstandings when it comes to these complex financial products. In this article we will debunk a couple myths so you can more clearly decide if a…
We boomers were never average. As the “me” generation, our uniqueness is a badge of honor. However, approximately 10,000 of us transition to retirement everyday. And, while we each have specific goals, ideas and financial circumstances, there are some things that apply to us all. Here is some exceptional retirement advice advice for the average guy,…
Social Security and working: believe it or not, the two are more or less completely compatible with each other. You can absolutely get Social Security retirement benefits and work at the same time. However, there are a few things that you do need to know. There Might Be Penalties: Work Penalties Will Be Determined by…
You might be surprised by how many people are interested in learning about reverse mortgages. There are borrowers from every state, from a wide variety of socioeconomic backgrounds and the ages of borrowers range anywhere from 62 to 95 and older and everything in between. One thing everyone struggles with is when is the best…
