Most Popular Reverse Mortgages Articles

    New Reverse Mortgage Calculator: How to Assess Your Suitability for these Loans

    New Reverse Mortgage Calculator: How to Assess Your Suitability for these Loans

    A reverse mortgage is a loan.  You are borrowing against your home equity.  However, unlike traditional mortgages, with a reverse mortgage you do not have to pay back the money borrowed as long as you are living in the home. For many senior households, housing is usually the most costly expense as well as ...

    The New Retirement Plan That Banks Don't Want Seniors Knowing

    The New Retirement Plan That Banks Don’t Want Seniors Knowing

    You may be surprised to find out how much money seniors can receive through a Reverse Mortgage. Still unknown to many, this brilliant retirement method is helping senior citizens across the country by eliminating their monthly mortgage payments and putting cash in their bank account through what's called a "Reverse Mortgage Loan". You can bet that ...

    3 Underreported Facts about Reverse Mortgages

    3 Underreported Facts about Reverse Mortgages

    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 with hitting the stores, tastes and desires in planning for retirement ...

    Reverse Mortgage Disadvantages and Advantages: Your Guide to Reverse Mortgage Pros and Cons

    Reverse Mortgage Disadvantages and Advantages: Your Guide to Reverse Mortgage Pros and Cons

    For many people, a Reverse Home Mortgage is a good way to increase their financial well-being in retirement – positively affecting quality of life. And while there are numerous benefits to the product, there are some drawbacks -- reverse mortgage disadvantages. Reverse Mortgages are providing improved financial security, a better lifestyle and real financial relief to ...

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

    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. What is a reverse mortgage? The financial tool enables qualifying homeowners aged 62 or older to borrow ...

    New Reverse Mortgage Requirements Coming in 2015

    New Reverse Mortgage Requirements Coming in 2015

    If you’ve been considering a reverse mortgage, there are big changes coming in 2015 that you’ll need to know about. Most reverse mortgages are insured by the U.S. Federal Housing Administration. As a product of this, the loans are guaranteed by the government, adding a level of protection for borrowers. It also means the government creates ...

    What Happens to a Reverse Mortgage After Death or When a Reverse Mortgage Becomes Due?

    What Happens to a Reverse Mortgage After Death or When a Reverse Mortgage Becomes Due?

    It’s well-known that many Americans (more than half, actually) are far from prepared for retirement. So, to fill gaps in their retirement income, some are finding that reverse mortgages can fit into their financial planning. But, like any financial product, reverse mortgages can be complex and must be fully understood by borrowers. For starters, a reverse mortgage ...

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

    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 wants reverse mortgage information and to estimate their potential reverse mortgage loan amounts. Who are these people?  What does a reverse mortgage offer them?  Why are ...

    Reverse Mortgage Facts: 3 Reasons These Loans Are Growing in Popularity

    Reverse Mortgage Facts: 3 Reasons These Loans Are Growing in Popularity

    Reverse Mortgage Facts: Reasons these loans are growing in popularity. Reverse mortgages are not for everyone. But, as more and more Americans retire, they are likely to be more and more popular as a way for people to tap into their largest asset as they age. Until recently, reverse mortgages have been portrayed by the mainstream press ...

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

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

    At NewRetirement we understand that it is almost impossible 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.  You are just not interested in using it even though this home ...

    Forget the Heirs -- I Need Money Now: 1/3 of Reverse Mortgage Borrowers Are Unconcerned About Leaving a Legacy

    Forget the Heirs — I Need Money Now: 1/3 of Reverse Mortgage Borrowers Are Unconcerned About Leaving a Legacy

    Living longer than expected, insufficient savings, higher cost of living and medical expenses are just some of the things making it difficult for many older Americans to pay for retirement. Securing a reverse mortgage is one solution many people are exploring.  A reverse mortgage allows homeowners who are 62 or older to borrow their home equity.  ...

    Retirement Planning: How to use Home Equity to Insure Your Retirement

    Retirement Planning: How to use Home Equity to Insure Your Retirement

    We all worry about money and our financial future.  And if you are approaching retirement, then your concerns are probably heightened. In today’s financial environment, few things are sure. In retirement, you require your existing assets to be stable and predictable, since you are not making money from work (or making less from work). For both ...

    Is a Reverse Mortgage Right for You? 3 Questions to Ask Before Contacting a Lender

    Is a Reverse Mortgage Right for You? 3 Questions to Ask Before Contacting a Lender

    Reverse mortgages can help us successfully age in place during retirement, while also providing some extra cash flow via the most valuable asset most of us own: our  home. But like all financial products on the market today, reverse mortgages are not for everyone and there are some things we should consider in determining if these ...

    The Complete Guide to Reverse Mortgage Interest Rates and Fees

    The Complete Guide to Reverse Mortgage Interest Rates and Fees

    Many people are concerned about the costs associated with a Reverse Mortgage, as well as the impact of current and future interest rates. However, if you want or need equity from your home, are not willing to relocate to a smaller home, don’t want to or are unable to face regular loan payments, and ...

    Calculating a Reverse Mortgage: What is it and How Does It Work?

    Calculating a Reverse Mortgage: What is it and How Does It Work?

    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 Reverse Mortgage? Understanding Reverse ...

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

    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 ...

    A Disagreement Between Old Friends About Reverse Mortgages

    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 which ...

    Reverse Mortgage Ads Are Very Misleading:  Get the Facts Here

    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 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 conducted a ...

    Rich or Poor, Here’s How To Get the Most Out of a Reverse Mortgage

    Rich or Poor, Here’s How To Get the Most Out of a Reverse Mortgage

    Reverse mortgages offer retirees a number of benefits. Not only can they provide extra cash flow to support a more comfortable  retirement, but when used strategically, they can also protect your investment accounts. A reverse mortgage allows homeowners age 62 or older the ability to convert their home equity into tax-free proceeds, which can be used ...

    Reverse Mortgage Information: The 5 Biggest Reverse Mortgage Complaints

    Reverse Mortgage Information: The 5 Biggest Reverse Mortgage Complaints

    Reverse mortgages are complex financial tools that, when utilized to their full potential, can be instrumental in helping you plan for retirement. But not used under the right circumstances, they have recently made headlines for consumer complaints about them. What are the biggest reverse mortgage complaints? In February, the Consumer Financial Protection Bureau (CFPB) highlighted some of ...