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Reverse Mortgage News

Reverse Mortgage: Increased Home Equity for Senior Homeowners

While 2020 continues to be an unforgettable year for many, one positive takeaway is that senior homeowners have seen an increase in their collective home equity.  According to a recent report, seniors added $134 billion to their already impressive hous…

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Resource For Homeowners Who Need Help

The Finance of America Foundation has created a new online resource for homeowners of all ages who may be experiencing financial hardship. You will be asked a few…
The post Resource For Homeowners Who Need Help appeared first on Reverse Mortgage.

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Seniors, Retirement, Pandemic and a Reverse Mortgage

The COVID-19 pandemic of 2020 has impacted everyone in one way or another.  Whether it has been transitioning to working from home, virtual learning for children, and having to socialize responsibly from a distance, the pandemic, for the time being, ha…

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Should My Parents Get a Reverse Mortgage?

Many adult children want to ensure their parents have enough money for retirement.  With the recent stock market fluctuations after COVID-19, seniors may have seen their retirement savings drop in value and maybe looking at other financial solutions wh…

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Medicare Advantage (Medicare Part C)

Medicare Advantage (Part C), a privately offered alternative to Original Medicare (Parts A and B), has grown in popularity over the years. In 1999, 18% of Medicare enrollees…
The post Medicare Advantage (Medicare Part C) appeared first on Reverse Mortg…

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Increased Home Values and Reverse Mortgages

With home values on the rise, many senior homeowners may be wondering how they can access the equity in their homes.1 One way to tap into home equity is with a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage. Higher Home Value …

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Reverse Mortgage Rules

The Federal Housing Administration (FHA) is the government body that oversees the Home Equity Conversion Mortgage loan program (HECM), also known as a reverse mortgage.  They have implemented rules and regulations to ensure borrowers are protected. The…

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Age Requirements for a Reverse Mortgage

A reverse mortgage may be a great way for homeowners to access the equity they’ve built up in their home over the years.  One of the main factors that goes into determining eligibility and how much money you can receive is age. Home Equity Conversion M…

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Reverse Mortgage in a Retirement Plan

An innovative way that seniors are planning for retirement is by including their home equity into their strategy.  Some choose to do this by utilizing a Home Equity Mortgage Conversion (HECM), also known as a reverse mortgage.  A recent Forbes article …

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Selling a House with a Reverse Mortgage

What do you do if you have a reverse mortgage and you now want to sell your home?  Some homeowners may think that a reverse mortgage puts the bank in control of their home, but the truth is selling a home with a reverse mortgage is similar to any other…

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