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Archive for the ‘Reverse News’ Category

Reverse Mortgage Basics

What is a reverse mortgage? A reverse mortgage is a loan that allows senior homeowners to access the equity in their homes in the form of cash proceeds.  Borrowers must continue to live in and own the home if they have a reverse mortgage.  In 2019, ove…

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Reverse Mortgage Tips

The reverse mortgage loan process is generally the same regardless of which lender you choose. However, the following are some reverse mortgage tips that can help you prepare and may even streamline the process.  Two of the steps that involve homeowner…

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Is now the right time for seniors to consider a reverse mortgage?

Liz Weston, NerdWallet’s personal finance expert, is also a Certified Financial Planner and author of five money books including the best-selling “Your Credit Score.” During a recent interview with…
The post Is now the right time for …

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The Reverse Mortgage Process

Once you have decided that you want to proceed with a reverse mortgage, you may wonder, “OK, What is next?”  Below are the steps involved with moving forward with a reverse mortgage. Finding a Lender First, you need to find a lender that is a good fit …

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Valuable Financial Resources for Older Adults from the CFPB

The Consumer Financial Protection Bureau (CFPB) is providing relevant financial education resources for older adults, their families and practitioners who work in the aging field during the coronavirus…
The post Valuable Financial Resources for Older A…

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Reverse Mortgage for Seniors

Seniors without regular income in retirement may find themselves struggling with finances. The reverse mortgage for seniors is an option for those who own their home, have sufficient equity, and want access to additional funds. What is a Reverse Mortga…

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Aging Parents and Their Finances — A Delicate Discussion

Here’s an informative article about death and money – two topics many families try to avoid altogether but, are a crucial discussion for aging parents and their adult…
The post Aging Parents and Their Finances — A Delicate Discussion appeared fir…

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Loan Options for Tapping into Home Equity

While we continue to persevere during these trying times, many Americans are struggling with financial hardships due to unemployment, losses in the stock market, and the pandemic.  There are many loan options available, but some may be more difficult t…

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Reverse Mortgage Scams

Scammers have long been known to target seniors, making them particularly susceptible to financial exploitation.  In 2016 Americans 50 years and older held over 80% of the wealth in the country while households held by owners in their 70’s and 80’s typ…

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Financial Benefits of a Reverse Mortgage in a Crisis

As a nation we are experiencing mandatory quarantine, historic unemployment rates1 and the continuing volatility of the stock market as we continue to be at the mercy of the COVID-19 crisis.  Many are looking forward to when life will be back to normal…

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