Colin was well-positioned for retirement, until he got a divorce. Afterward, he used a reverse mortgage loan to purchase a house he loves.
If you’re a homeowner 62 or older, you might be sitting on a significant amount of untapped home equity that you can use to finance essential home updates, repairs or even major renovations.
Where you live in retirement influences so many aspects of your life. Read on to learn more about the pros and cons of the most common options for retirement living.
Tapping home equity via a reverse mortgage loan can be an excellent way for seniors to continue to own and live in the homes they love. But is it right for you? Take this quick quiz to find out!
Nancy began 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 over her finances.
Today’s interest rates are a common concern for those who are interested in reverse mortgage loans. The good news is that there are a number of other factors that can help you determine if now is the right time for a reverse.
In this article, we’ll explore how a reverse mortgage can help you enjoy a more comfortable, secure retirement while providing the peace of mind that your children can continue their financial independence and benefit from the legacy you leave behind.
Claudette sees the Home Equity Conversion Mortgage (HECM) loan as a significant bonus for retirees and greatly appreciates the peace of mind and financial control it provides.
Securing a comfortable retirement should be a top priority for homeowners 62 and above. We’ll also show how the Home Equity Conversion Mortgage loan (or HECM) can effectively insulate retirement portfolios while improving retirement life.
Moving to live near your grandchildren is no small leap. Read on to learn the top tips to consider before you make the move.