Tag Archives: reverse mortgages

There are so many different uses for a reverse mortgage that often go overlooked that it can be helpful to learn about all of your options with these HECM home loans. If you are not up-to-date on what benefits a reverse mortgage has to offer, we’ve got you covered in ...

If you have not considered the benefits of reverse mortgages, here’s some food for thought. New rules have changed the game altogether, protecting borrowers more than ever before. For example, the amount of money that you can take out during the first 12 months is limited. Spouses who are under ...

How secure is your retirement nest egg? If you are like one-third of Americans, recent studies say you are ill prepared for retirement. Just because you may not be adequately prepared to retire doesn’t mean that you are getting any younger, though. The clock will continue to tick as your ...

Most retirees are uninformed when it comes to their options with reverse mortgages. Due to the lack of this information, many are simply unaware that they have such options to begin with. And many do not consider even tapping their equity. According to the 26th Retirement Confidence Survey by the ...

As the baby boomer generation settles into their golden years, many are turning to the convenient option of a reverse mortgages for retirement to help them secure their retirement years. In recent years, the reverse mortgage market has once again become healthy, after experiencing a brief fallout during the housing ...

What are the most popular cities for reverse mortgages? We took a look at some of the statistics provided by Reverse Market Insight (RMI), and the 10 regions that it tracks to gain some insight. According to the most recent reports, December yielded a 5% volume increase, with an estimated ...

Reverse mortgages are generally considered to be a safer option these days. Namely, this is because of the Reverse Mortgage Stabilization Act of 2013, which added more safeguards and put into place more restrictions for lenders. As a result, a number of lenders offer more lucrative terms and reduced upfront ...

There’s a lot of misinformation going around about reverse mortgages. We aim to set the record straight. Misinformation: The Lender Owns My Home Now Fact: False. You actually retain your title and said ownership to your home over the entire course of the loan. You also get to enjoy any ...

There’s a lot of misinformation going around about reverse mortgages. We aim to set the record straight. Misinformation: The Lender Owns My Home Now Fact: False. You actually retain your title and said ownership to your home over the entire course of the loan. You can also decide when and ...

If you are single, over the age of 62 and are struggling with your retirement plan and you own your own home, you can actually take out what is called a reverse mortgage to get things back in order. Before you read any further, you will want to carefully consider ...