Reverse Mortgages News, Information and Guidance

how does a reverse mortgage work

How Does a Reverse Mortgage Work?

If you are struggling to figure out how does a reverse mortgage work, you are not alone. One thing is clear, reverse mortgages are NOT clear. A recent NewRetirement poll indicated that 46% of respondents had the facts wrong about reverse mortgages. This article focuses on explaining the basics of how does a reverse mortgages…

reverse mortgage calculators

What You Need to Know About Reverse Mortgage Calculators

Reverse mortgage calculators can be useful tools as we figure out ways to fund retirement. Most of us do a lot of research before buying any kind of anything. We hold things up to a mirror, try things on, get free trials, research alternatives, comparison shop and more. Using a reverse mortgage calculator is easy…

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Little Known Truths About Reverse Mortgages

In simple terms, owning your home can give you superb options for funding your retirement. A reverse mortgage eliminates any current monthly mortgage payments and can give you access to cash. Hungry for straightforward details about reverse mortgages? Curious as to whether you should consider one? Here are 3 little known truths — often misunderstood…

should I get a reverse mortgage?

Should I Get a Reverse Mortgage?

More and more seniors are asking themselves: “Should I get a reverse mortgage?” A reverse mortgage is a loan against your home that you do not have to pay back as long as you live there. You or your estate pays the money back plus interest when you die, sell your home, or permanently move…

Reverse Mortgage

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…

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…

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Why Home Equity is Your Strongest Weapon Against the Economy

Economic hardship is not news to many seniors. Most of us feel stress about our finances. At the top of our concerns? We believe that we will run out of savings in retirement. In fact, the majority of Americans feel this worry. According to the latest findings from Northwestern Mutual’s 2016 Planning & Progress Study,…

best time to get a reverse mortgage

When is the Best Time to Get a Reverse Mortgage? Wait or Act Now?

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…

how to use a reverse mortgage

10 Expected and Unexpected Ways to Use a Reverse Mortgage

From improving cashflow to curing loneliness or installing a whirpool bathtub, there are unlimited ways that people can use a reverse mortgage to improve their lives in retirement. A reverse mortgage allows individuals age 62 and older to convert a portion of their home equity into tax-free loan proceeds. This money can be used for…

Is Tom Selleck Telling the Truth About Reverse Mortgages?

Tom Selleck By Alan Light [CC BY 2.0] Wikimedia Commons If you watch TV at all, you have probably seen a commercial featuring Tom Selleck talking about reverse mortgages.  No matter what he is saying, there is something about his voice and direct gaze that really does pull you in. In one spot, he is…