Reverse mortgage could be a retirement ‘answer’

hands with image of seniors

Reverse mortgage could be a retirement ‘answer’ For those looking to create additional cash flow in retirement, a reverse mortgage could be the tool that helps accomplish that according to a financial planner in a new Forbes column For people who are running up against unanticipated financial difficulties in retirement, this is when it might […]

Financial Advisor Describes Creative Uses of a Reverse Mortgage

financial-advisor

Financial Advisor Describes Creative Uses of a Reverse Mortgage A reverse mortgage loan has the potential to provide numerous applications in retirement for a borrower at or over the age of 62 in the case of a Home Equity Conversion Mortgage (HECM). Considering the conversation that often tends to dominate perceptions of a reverse mortgage, […]

What Can Reverse Mortgage Funds Be Used For?

What Can Reverse Mortgage Funds Be Used For? Sellers’ markets are a great environment for homeowners interested in reverse mortgages. In this type of market, home values are up and homeowners 62+ are able to tap into even more home equity. Also know as HECM (Home Equity Conversion Mortgage) loans, reverse mortgages are ideal for […]

Inflation Spike – How It Is Affecting Senior Homeowners

Senior Couple looking at bills

Inflation spike – how it is affecting senior homeowners US inflation is officially up to its highest level in four decades, and the rising cost of living and other financial pressures have left seniors worried about their future. A survey of over 1,500 participants ages 60-75 helps us understand how inflation affects seniors and their […]

6 Ways A Reverse Mortgage Loan Can Pay For Your Retirement

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6 Ways A Reverse Mortgage Loan Can Pay For Your Retirement Your monthly mortgage payments will vanish, as long as you maintain the condition of your home, and pay property taxes and homeowners insurance. Pay off your current mortgage The U.S. median monthly mortgage payment is a whopping $1,609, but your new reverse mortgage would […]