The Complete Guide to Reverse Mortgage Interest Rates and Fees
This is the most complete online guide to all of the costs associated with reverse mortgages including reverse mortgage interest rates.
Category: Reverse Mortgages
When is the Best Time to Get a Reverse Mortgage? Wait or Act Now?
All potential borrowers ask “when should I get a reverse mortgage?” While there is no one right answer, here are guidelines to help you figure it out…
Does Your Retirement Need a Plan B?
Life is full of the unexpected. And if you are a retiree, or soon-to-be retiree, you are probably looking for a backup plan to insure you won’t run out of money in retirement! Does your retirement plan need a safety net? The stock market fluctuates, illnesses occur, family emergencies happen and people are living longer…
Reverse Mortgage Disadvantages and Advantages: Your Guide to Reverse Mortgage Pros and Cons
Do the pros outweigh the cons? Get unbiased info on disadvantages advantages and – details on fees, interest rates, loan amounts and more…
2021 Reverse Mortgage Lending Limits Increase: More Money for Some Borrowers
The government raised reverse mortgage lending limits to an all time high. Does this mean more money for you? It depends…
14 Important Reverse Mortgage Facts
Do you know your reverse mortgage facts? More and more people are becoming aware of reverse mortgage as an option for tapping their home’s equity. Maybe you heard about the loan on a personal finance blog or from Tom Selleck on late-night TV. However, what is really true? With all of the buzz about retirement…
The Safer Stronger Reverse Mortgage
Reverse mortgages were originally designed and still aim to help seniors in need. However, reverse mortgages in 2020 are safer, stronger and better than ever before. These loans have evolved so that they now have many official protections in place to make sure that borrowers are secure. And, more and borrowers are using the loans…
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…
Reverse Mortgage Disadvantages and Advantages
For many people, a Reverse Mortgage is a good way to increase 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 thousands of…
Pros and Cons of a Reverse Mortgage During the Pandemic Crisis
Explore reverse mortgage pros and cons for this stressful time. Can the loan improve your emotional and financial well being? Is it right for you now?
Jumbo Reverse Mortgage and Proprietary Reverse Mortgage Loans
If you interested in getting money out of your home and your home is worth more than the average, you should know about the jumbo reverse mortgage.
10 Expected and Unexpected Ways to Use a Reverse Mortgage
You might be surprised by how people use a reverse mortgage — bathtubs, a cure for loneliness, convertibles and more… Is this loan right for you?
How to Get the Best Reverse Mortgage
If you want to stay in your home and either increase your financial flexibility or get money now, follow these 7 steps to the best reverse mortgage for you.
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 emotional…
The Truth About Home Ownership and Reverse Mortgages
In following up with consumers who have visited NewRetirement’s Reverse Mortgage Calculator, it seems that an alarming number of people have a mistaken impression about who owns the home after a Reverse Mortgage has been set up. A Reverse Mortgage can enable you to access extra cash and feel the freedom of owning your home…
Use a Reverse Mortgage for Purchase of a New Home
Did you know you can use a reverse mortgage for purchase of a new home. Is this the right way to buy into your dream retirement location?
Reverse Mortgage Calculator | How Does It Work
Reverse Mortgage Calculator: Understand How Reverse Mortgage Calculations Work, and Find Out How Much You Can Get from a Reverse Mortgage.
How Do You Qualify for a Reverse Mortgage?
Qualifying for a reverse mortgage is relatively straightforward. There are age, type of house and financial qualifications. Find out if you are eligible.
Reverse Mortgage Checklist: Big Questions to Ask if You Are Considering this Loan
Your house is your: Home. Heart. Hopes. Wealth. Future. The decision to get a reverse mortgage is a big one. Use this checklist to make the right choice…
Is Tom Selleck Telling the Truth About Reverse Mortgages?
If you watch TV at all, you have seen an ad featuring Tom Selleck talking about reverse mortgages. Is he telling the truth? Get the real scoop here…
Are Reverse Mortgages a Colossal Mistake?
Securing a reverse mortgage CAN be a great decision. There are also potential downsides. Find out if a reverse mortgage is right for you or a big mistake.
Pros and Cons of a Reverse Mortgage During the Pandemic Crisis
For many people nearing retirement age, home equity is usually the single largest component of net worth. And, it can be a valuable contributor to retirement and financial well being — especially during this pandemic and time of monetary strain. You can tap home equity by downsizing, securing a reverse mortgage or getting a home…
How Many Types of Reverse Mortgages Are There?
Reverse mortgages are often talked about as a means to increase cash flow by tapping into home equity in retirement. But have you heard the full story? Do you know there’s more than one type of reverse mortgage? There are many types of reverse mortgages. Does one open the door to financial security for you?…
Should You Tell Family or Heirs About Your Decision to Get a Reverse Mortgage?
The only people you NEED to tell about your decision to get a reverse mortgage are those who are living in your home with you. However, there are many benefits to sharing your decision with other family members — especially potential heirs. Here are 5 reasons why you might want to talk to your loved…
What is a Reverse Mortgage Line of Credit?
Can a reverse mortgage line of credit give you a more carefree retirement? Get the inside scoop on this somewhat complicated financial strategy.