Tag: reverse mortgage
What Could a Reverse Mortgage Loan Mean for Your Children?
we’ll explore how a reverse mortgage can help you enjoy a more comfortable, secure retirement and what it means for your children and heirs.
Read More >Customer Testimonial: Retiree Uses His Reverse Mortgage Loan To Buy a New Home After Divorce
Colin was well-positioned for retirement, until he got a divorce. Afterward, he used a reverse mortgage loan to purchase a house he loves.
Read More >Customer Testimonial: Homeowner Uses a Reverse Mortgage Loan Line of Credit for a More Sustainable, Fun and Secure Retirement
Nancy began the process by learning about Home Equity Conversion Mortgages (HECMs), the most popular type of reverse mortgage loan, and found that it gave her more choices and control … Continued
Read More >Jumbo Reverse Mortgage Loans: What You Need to Know
A jumbo reverse mortgage enables borrowers to access more equity in a high-value property than they would otherwise get with a traditional HECM. Here's what you need to know.
Read More >5 Pros and Cons of Buying Your Next Home With a Reverse Mortgage Loan
Historically, there have been two ways to purchase a new home: paying all cash or taking out a mortgage that requires monthly principal and interest payments. However, for homebuyers 62 and over, there’s a third option that offers the best of both worlds: a Home Equity Conversion Mortgage for Purchase (H4P) loan.
Read More >Insulating Retirement Portfolios: How Home Equity Conversion Mortgage Loans Protect Homeowners in Volatile Markets
In this article, we’ll explore how the economy has affected the retirement assets of many senior Americans and explore how the Home Equity Conversion Mortgage loan (or HECM) can insulate retirement portfolios while improving retirement life.
Read More >Advantages of a Reverse Mortgage Loan vs. a HELOC and a Home Equity Loan
For homeowners aged 62+, a Home Equity Conversion Mortgage (HECM, commonly called a reverse mortgage) loan offers some distinct advantages over other types of home-equity-release loans.
Read More >What Are the Costs of a Reverse Mortgage Loan?
In this article, we’ll cover what a HECM reverse mortgage loan is, the typical upfront and ongoing costs and whether those costs are worth it for you.
Read More >How Seniors Could Double Their Home Buying Power — Despite High Interest Rates
Despite high interest rates, an H4P can double your buying power and allow you to keep more of your retirement assets to use as you wish.
Read More >Customer Testimonial: How a Reverse Mortgage Loan Changed Her Financial Horizon
Linda had put in some research into reverse mortgage loans over the years and was not convinced that it was right for her. But after her financial advisor suggested that … Continued
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