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 […]

FHA Increases the HECM Lending Limit for 2020

Great News! The Federal Housing Administration (FHA) just announced that the national lending limit for the HECM Reverse Mortgage Program will increase from $726,525 to $765,600 as of January 1, 2020. Why is this great news and what does it mean if you’re considering a reverse mortgage? In essence, it means that borrowers with higher home […]

A Mortgage That Pays You

Family Circle Magazine When nationally recognized expert on personal finance, Terry Savage’s 80-year old father retired, he wanted to stay in his home. The mortgage was almost paid off, but he didn’t have much in savings and had plenty of other bills. It was a reverse mortgage that allowed him to convert his home equity […]

FHA Increases the HECM Lending Limit

Great News! The Federal Housing Administration (FHA) just announced that the national lending limit for the HECM Reverse Mortgage Program will increase from $679,650 to $726,525 as of January 1, 2019. Why is this great news and what does it mean if you’re considering a reverse mortgage? In essence, it means that borrowers with higher home […]

Why You Should Pay Off Your Mortgage Before You Retire and What to Do if You Cant

USA Today The number of retirees carrying a mortgage balance has grown substantially over the years. In order to pay off their debt, many retirees have turned to their retirement funds to use towards their mortgage payments which may make it hard to pay for current and future living expenses. Learn how to pay off […]

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, […]