Getting Ahead of the Top Financial Regrets
Research shows that 76% of Americans indicate they have some financial regrets*. And among those most likely to have these regrets are the Baby Boomer generation. While you can’t go back in time and give yourself a financial do-over, it’s never too late to turn over a new financial leaf and get your retirement finances […]
6 Common Financial Regrets: How to Get Ahead of Them
Let’s talk about regrets – we all have some. Those things that you feel you could have, should have, or would have done differently given another chance. And as you settle into your retirement years, you may find that you’ve racked up more than your fair share, too – especially when it comes to finances. […]
Healthy Habits for Aging
Like a fine wine, you, too, can get better with age. It’s all about aging gracefully—keeping your physical, mental, and social well-being top of mind. Even small lifestyle changes can have a big impact and go a long way in making the second half of your life some of the happiest, healthiest, and most rewarding […]
Healthy Aging Habits: Keeping Your Mind and Body in Check
814,000—that’s the number of people in the United States celebrating a birthday on any given day1. As life expectancy rates continue to climb, people are celebrating more birthdays today than ever before. In fact, data shows that by 2050, there could be as many as one million individuals in the US turning age 100 or […]
Home Maintenance by Season
As a homeowner, you likely have a growing “to-do” list of home maintenance projects. From small tasks like replacing lightbulbs and watering the plants to more arduous ones like cleaning the gutters, there is always something to be done. And even as you settle into retirement years and opt to ‘age in place,’ these tasks […]
10 Ways to Use Reverse Mortgage Funds
When it comes to considering a reverse mortgage, one of the most common questions a borrower has is, “How can I use reverse mortgage funds?” And the answer is simple – reverse mortgage funds can be used however you wish. While many homeowners opt for a reverse mortgage to eliminate debt and keep more […]
10 Ways to Stay Connected During Quarantine
From social distancing requirements to stay-at-home orders and extended periods of quarantine, this past year has dealt us all some unexpected lifestyle changes. Since the global COVID-19 pandemic is still in full swing, the Centers for Disease Control and Prevention (CDC) is encouraging people over the age of 60 to stay at home, as the […]
A Reverse Mortgage Timeline
Just like a traditional “forward” mortgage, the process to secure a reverse mortgage loan has multiple steps. From initial education and getting all of your questions answered, to signing the closing documents and receiving your funds, these steps are all part of the lifecycle of a loan—and do not happen overnight. So how long does […]
Get to Know, LESA
Like all mortgage loans, it’s no secret that reverse mortgages also come with their share of costs and fees. And if you’re in the process of considering a reverse mortgage, the thought that’s likely crossed your mind is, “Can I really afford to do this?” At Longbridge Financial, we’re committed to recommending a reverse mortgage […]
What to Expect: A Timeline of the Reverse Mortgage Process
Everyone could use some extra cash, especially in retirement years. And while options for generating additional retirement income once seemed limited, reverse mortgages have provided today’s seniors with access to another source of wealth—their home equity. Designed for homeowners ages 62 and older, a Home Equity Conversion Mortgage (HECM)—also known as a reverse mortgage—lets you […]
How Much is a Reverse Mortgage Going to Cost Me?
It’s no secret that nobody likes to pay closing costs and fees. And when it comes to mortgages – you likely have several questions about what these costs and fees entail. What exactly are you paying for? What do all these various fees cover? And most of all – how much is it going to […]
Reverse Mortgage Closing Costs & Fees Explained
It’s no secret that nobody likes to pay closing costs and fees. And when it comes to mortgages, you likely have several questions about what these costs and fees entail. What exactly are you paying for? What do all these various fees cover? And most of all, how much is it going to cost you? […]
Reverse Mortgage Credit Requirements
When it comes to having our credit scores assessed, we often have one of two reactions. If our score is good, we tend to be indifferent, but if it’s less than ideal, a feeling of dread starts to creep in. Regardless of which group you fall into, the reality is that good people can have […]
Best Reverse Mortgage Lenders 2021
Whether you’re looking to tap into your home equity or helping a loved one manage their retirement finances, a reverse mortgage is a big decision. Finding the ideal lender is not only the first step of the process, but perhaps the most important in considering a reverse mortgage loan.
Retirement Resolutions 2021
Prioritize fitness, spend less, organize more – with the new year upon us, so comes the time to set some resolutions. But this year, how about setting some more attainable resolutions – ones that could go a far way in improving your retirement lifestyle and financial situation? Consider these retirement resolutions for 2021.
Retirement Resolutions for 2021
Prioritize fitness, spend less, organize more. With the new year just around the corner, so comes the time to set some resolutions. While it’s nice to set ambitious goals for ourselves each year, the reality is that many people don’t actually follow through with them. In fact, studies show that less than 25% of people […]
What You Can Expect from Reverse Mortgage Counseling
When it comes to considering a reverse mortgage, its important to have the right conversations with the right people. And once you’ve decided that a reverse mortgage is right for you, the conversation doesn’t stop there. Next, you’ll be required to meet with a government-approved independent reverse mortgage counselor. Check out our latest video to […]
Reverse Mortgage Counseling: What to Expect
When considering a Home Equity Conversion Mortgage, also known as a reverse mortgage, it’s important to have the right conversations with the right people. From discussing the matter with your family to speaking with and comparing various lenders, a reverse mortgage loan is an important financial decision that requires careful consideration—and conversation. Once you’ve decided […]