If you’re an attorney working in estate planning, Home Equity Conversion Mortgage (HECM) loans, also called reverse mortgage loans, can be a particularly helpful option in your toolkit. Read on to see why!
For seniors with significant debt in retirement, especially if traditional home mortgage payments are a major factor, a HECM can be a powerful avenue to consolidate debt. Read on to learn more!
It’s common for homeowners to want to refinance their mortgage to a lower interest rate, but what about then the interest rates are as high as they are today? There can be times when refinancing to a higher rate can be a wise move, so it pays to learn about your options.
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.
Financial professionals, learn how the Home Equity Conversion Mortgage (HECM) can be an effective tool for insulating retirement portfolios, improving overall quality of life in retirement and helping retirees afford their dream home.
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!
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.
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.
Now more than ever, financial advisors and homeowners are viewing the reverse mortgage in a financial planning sense — read on to learn why.
While there are several different types of reverse mortgages, HECMs are by far the most popular today. Read on to learn why!
Many people have very strong opinions about home equity and reverse mortgage loans. Read on to learn how home equity can be harnessed and why reverse mortgages are really all about cash flow.
What is a reverse mortgage loan and how does it work? Read this article to help decide if one the right choice for you, a loved one or a client.
In this article, we’ll cover what a HECM reverse mortgage loan is, the typical upfront and ongoing costs and whether those costs are worth it for you.
Reverse mortgage loans apply to many legal scenarios, but for lawyers involved in silver divorces, the reverse mortgage could be just the tool you need for your clients’ success.
Reverse mortgage loans can be powerful tools for people in a variety of situations. But are they right for you? See the reverse mortgage pros and cons.
For most homeowners aged 62 and older, home equity represents the largest portion of their overall net wealth. Three common home-equity-release loans available today for senior homeowners are the Home Equity Line of Credit (HELOC), Home Equity Loan (HEL), and the Home Equity Conversion Mortgage (HECM).
Retirees face no shortage of risks to their retirement savings. Read on for solutions to one of the biggest funding challenges of all—long-term care (LTC).
Kathleen Scarcelli is a long-time resident of Scottsdale, AZ, and entrepreneur. Her husband passed away, which left her in a difficult position.
Homeownership even with bad credit can sometimes feel impossible. At Fairway we can make the American Dream of homeownership possible for anyone.
To secure a mortgage for first-generation first-time homebuyers is not always easy. Having mortgage loan officers who invest in your success is important.
Jim, a retired financial advisor, and his wife did their homework on reverse mortgage loans, and are very happy that they have one. Jim’s sister was struggling to make ends meet—hear why Jim recommended a reverse and how it improved her life.
Mitch and his wife Evaly used a reverse mortgage loan to provide a financial buffer for market downturns, and believe that it’s a move that other people should make as well.
Tod is a retired financial advisor who built wealth in multiple income streams throughout his career—hear how he uses his reverse mortgage as a financial buffer.
Best-selling author and speaker Joe Jordan was once highly skeptical of reverse mortgage loans—hear in his words why he’s become a major advocate.
Of the challenges that financial planners face in shepherding clients through retirement, cash flow and risk management are among the most common. The reverse mortgage loan line of credit offers immediate solutions for both of these issues. Read on to learn more!
H4P loans can not only help you grow your REALTOR® business, it can help you overcome challenges in your own retirement planning.
There are many older-adult homeowners who would like to downsize, upsize, or right-size into their dream home — or a new home that simply better meets their lifestyle in retirement. The Home Equity Conversion Mortgage for Purchase (H4P) can make their dreams come true.
With hundreds of options nationwide, it can be tough to narrow down the right community for you or your loved one. Luckily, we’ve laid out a complete guide to help you pick your perfect retirement community.
Today’s reverse mortgage loans are not the same as they were even a decade ago, and it is to your advantage to take a fresh look at them, as they can often be a viable solution to many of the financial challenges that retirees face.
Reverse mortgage loans have become an increasingly popular tool for financial planners. Read on to learn the Top Four Reasons for you to bring them into your financial planning toolkit.
While home equity is certainly good, it isn’t necessarily the best form of wealth for everyone. The way reverse mortgage loans turn home equity into cash offers additional advantages that you may not be aware of. Read on to learn the top five!
But let’s assume you are already 62 or better and seek to one day leverage your home equity via a reverse mortgage — should the wait to get one continue or is acting now the optimal strategy?
When it comes to making savings last over a lengthy retirement period, retirees have no shortage of obstacles to contend with. Here are three ways people 62 and older (working in tandem with their advisors) can incorporate reverse mortgages into sound retirement plans to potentially improve retirement outcomes.
U.S. homeowners aged 62+ saw their home equity soar to a record $10 trillion in 2021, making it prudent for homeowners and their advisors to discuss ways to incorporate housing wealth into retirement planning decisions.
If you ask people what they think about reverse mortgages, you are sure to get some strong opinions. Unfortunately, many people form those opinions based on misconceptions about the way reverse mortgages work.
With a home equity loan, homeowners can borrow against the equity in their house to fund other projects. Learn which type of loan could work best for you.