HECM for Purchase – How You Can Buy a House with a Reverse Mortgage

HECM For Purchase: Your Questions Answered Take a minute to think of your ideal retirement home. Is it smaller? In a warmer climate? Minimal maintenance? Closer to loved ones, family and friends? Whatever it may be, a Home Equity Conversion Mortgage (HECM) for Purchase may be able to help you get there – and a […]

Can You Refinance a Reverse Mortgage?

The short answer is yes. Although a reverse mortgage refinance is like that of a conventional mortgage, there are some distinctions that you and the lender should consider before moving forward with a refinance. When a reverse mortgage refinance might make sense: Your home value has grown since the time you took out the reverse […]

How Can You Cover Rising Health Costs on a Fixed Budget?

A reverse mortgage can create a source of funds to help pay for healthcare in retirement. Healthcare costs continue to increase at a staggering pace. Recent estimates put the total cost of healthcare in retirement, for a couple age 65, at more than $250,000.1 This applies to older adults with traditional Medicare insurance coverage and […]

Reverse Mortgage: Borrower Responsibilities & Eligibilities

With any type of home equity financing, there are certain requirements and borrower responsibilities in order to qualify for the loan.  To help you better determine your eligibility for a reverse mortgage, we’ve created this simple overview of the basic Home Equity Conversion Mortgage (HECM) qualifications. Age – You must be 62 years of age […]

Reverse Mortgages: How Can Home Equity Be Used?

Using a Reverse Mortgage to tap into your home equity could significantly improve your lifestyle and allow you to enjoy your retirement without the added stress of a having to make a monthly mortgage payment. Accessing your home equity is a big decision. In the past, most homeowners were advised to save equity for emergencies. […]

Independent Reverse Mortgage Counseling: What You Need to Know

Why is it required? What does it do for you? Getting a Reverse Mortgage loan is an important financial decision and requires careful consideration. By speaking with an independent counselor, you can be sure that all of your questions are answered and that have the information you need to make the reverse mortgage decisions that […]

How Home Equity Can Help You Stay at Home

A reverse mortgage can offer access to the funds you need to “age in place.” The AARP conducted a survey asking people age 45 and older about their homes and communities. An overwhelming 88% said that they wanted to remain in their current home for as long as possible.1 The reasons why should come as […]

Five Unique Benefits of a Reverse Mortgage

What’s the key to a secure retirement? It may be the one that opens your front door. Times have changed for retirees. For many, the classic “three-legged stool” of retirement funding (Social Security, pensions, and savings) is no longer enough to pay for the kind of retirement lifestyle they’d like to live. That’s why today, […]