3 Completely False Myths About Reverse Mortgages That Need to Be Debunked

Are you a senior or retired individual older than 62 who is looking to supplement their retirement income? If so, you may have heard about a unique financial product known as a reverse mortgage. In today's blog post we will explore three myths about reverse mortgages and share why they need to be debunked. Let's get started. Myth #1: Reverse Mortgages Are Expensive The first myth we will debunk is that reverse mortgages are costly financial products that are full of fees. In fact, nothing could Continue Reading

3 Ways That a Reverse Mortgage Can Transform Your Retirement

Are you a retired individual looking for ways to increase your financial security? If so, you may have heard of a home equity conversion mortgage, more commonly known as a reverse mortgage. Used correctly, this is one of the most effective financial products for retirees who own their home. Let's explore three ways that a reverse mortgage can help to transform a dull retirement into one filled with excitement. It's All About Flexibility The primary benefit that one receives with a reverse Continue Reading

62 or Older? 3 Reasons Why a Reverse Mortgage Might Be the Perfect Financial Solution for You

Are you and your spouse starting to move into your retirement years? If so, you already know that you are going to need a solid financial plan for when your primary sources of income are no longer bringing money in. If you have invested in your retirement, you might be all set. However, what if your house makes up the majority of your net worth? Let's take a quick look at three reasons why a reverse mortgage might be a great way to unlock the equity you've built up in your home. Reason #1: This Continue Reading

You Ask, We Answer: What Kind of Fees Are Involved When I Get a Reverse Mortgage?

If you are approaching your golden years and seeking a bit of financial flexibility, you might want to look at a reverse mortgage. This unique financial product is only open to individuals over 62 years of age. It allows you to convert some of your home's equity into cash which you can use as needed in your retirement. Of course, a reverse mortgage isn't without its costs. Let's explore the fees that you will encounter when you take out a reverse mortgage loan. Upfront And Pre-Closing Costs The Continue Reading

Mortgage Tips: Answers to 4 Common Questions About Reverse Mortgages

There are many mortgage products on the market that work for all different kinds of homebuyers, but many people have not heard about reverse mortgages and how they can benefit their situation. If you're curious about this type of mortgage and want to know more, here are some questions that will get you on the road to understanding the ins-and-outs of this product. What's A Reverse Mortgage? The reverse mortgage was created in the wake of the 2008 recession and is commonly known as HECM, the Continue Reading