blog

Are you considering a reverse mortgage but don’t know what to believe? There are a lot of myths and misconceptions out there, so let us help you get the facts straight. Join us as we bust the top 5 myths about reverse mortgages and give you the truth behind them. Unlock the power of financial…

In settling a Grey divorce often one of the hardest issues to resolve is what to do about the house – which is often the most valuable asset in the marriage — for some couples divorcing later in life, selling may make the most sense BUT if one spouse wishes to stay in the home…

Reverse mortgages have had a bad reputation because they were initially marketed to seniors as an easy way to access their home equity without having to make monthly mortgage payments. However, some lenders failed to disclose the potential risks associated with these loans, such as high fees and interest rates, which could eat away at…

Use a Reverse Mortgage to Buy a New Home A HECM for Purchase is a transaction where a Reverse Mortgage is used to finance the purchase of a Primary Residence for borrowers who are at least 62 years of age and want to purchase without having to make a monthly mortgage (Principal & Interest) payment.…

Walk With Your Parents Through A Reverse Mortgage The vast majority of older Americans have their wealth tied up in their home equity. If your parents struggle to pay monthly bills or cover healthcare expenses, then tapping into that equity may be a great solution. A reverse mortgage is a financial tool that allows them…

Rethinking The Equity In Your Home Most people think since their home is paid off a Reverse Mortgage isn’t for them. That isn’t always the case. You can use your home’s equity as a tool in your retirement toolbelt. Line of Credit grows an average of 0.5% per year. An average savings account grows 0.005%…