Author: Tricia Drago

reverse mortgage information

How Reverse Mortgages Work: Do You Agree With the Top 6 Reverse Mortgage Objections?

At NewRetirement we understand how hard it is to save enough cash for retirement. We hear awful stories of seniors suffering financially. However, many of you have paid off or paid down your mortgages and actually have substantial savings in your home equity. If you are rich in home equity but cash poor, a reverse mortgage…

HELOC vs HECM

Over 62? Which is Better a HECM or HELOC for Tapping Home Equity in Retirement?

If you are like many retired American homeowners, you may have seriously considered accessing your home equity through a  Home Equity Line of Credit (HELOC). Utilizing a traditional HELOC can be a great short term solution to bridge the gap on unexpected expenses, consolidate higher interest debt, or make home improvements.  However, this type of…

A Disagreement Between Old Friends About Reverse Mortgages

Have you ever overheard someone trying to win an argument with completely wrong facts? This happened to me recently while having dinner with the family at The Old Spaghetti Factory. We were celebrating Nana’s 86th with nine grown grandchildren and their spouses and six great grandchildren in attendance. There were also a few family friends…

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