Category: reverse mortgages
Facing the Retirement Crunch: Why 80% of Baby Boomers Depend on Social Security
October 1, 2024
The blog post "Facing the Retirement Crunch: Why 80% of Baby Boomers Depend on Social Security" explores the financial hurdles Baby Boomers encounter as they approach retirement. It highlights the significant issue of retirement underfunding.
Find Out When the Best Time to Get a Reverse Mortgage Is
July 28, 2024
Uncover the benefits of reverse mortgages in enhancing retirement. Learn to evaluate financial needs, home type, and tailor strategies for a secure future. Empower your decisions for a fulfilling retirement.
Managing Your HELOC Payback Period: Tips to Settle Without Adding New Monthly Mortgage Payments
July 28, 2024
You can alleviate increased payments by considering solutions like a second-position reverse mortgage
Unlocking Your Home's Potential: The Smart HELOC Alternative
May 15, 2024
In this blog, we've explored an innovative financial solution for homeowners looking to leverage their home equity without risking their low mortgage rates. The smart HELOC alternative, acting as a second mortgage without added pressure of payments.
The "Gray New Deal": A Warm Embrace for Secure Retirements and the Role of Reverse Mortgages
March 2, 2024
In our latest blog post, we delve into the promising vision of the "Gray New Deal," a transformative approach aimed at securing a dignified and financially stable retirement for all. We explore how this initiative seeks to enhance Social Security, introdu
Safeguarding the Future: The Critical Role of Protecting Social Security and Exploring Home Equity for a Robust Retirement
February 28, 2024
In our latest post, we delve into the pivotal role of Social Security in ensuring a stable retirement for millions of Americans and explore how leveraging home equity through reverse mortgages can supplement income in one's golden years. With a friendly a
Unlocking the Potential: How Reverse Mortgages Can Brighten Your Retirement Without Tax Worries
February 28, 2024
In this heartwarming and enlightening blog post, we unravel the mysteries behind reverse mortgages, presenting them as a beacon of hope for retirees seeking financial freedom. With a friendly and approachable tone, we delve into the nitty-gritty of how re
The Truth About Reverse Mortgages: Dispelling Common Myths and Unveiling Strategic Benefits
February 26, 2024
In this enlightening post, we dive into the world of reverse mortgages, debunking three common myths that often cloud their true potential. With a friendly and approachable tone, we explore how these financial tools can be smartly used to secure a more co
Tapping Into Home Equity: A Solution for High Property Taxes
February 25, 2024
Navigating property taxes can be a daunting task, especially for retirees living in states with high rates. This blog post explores how a reverse mortgage can be an effective tool for managing these expenses. By tapping into your home's equity, you can co
A Welcome Increase: The 2024 HECM Reverse Mortgage Lending Limit Rises to $1,149,825
December 6, 2023
In this friendly and informative blog post, we dive into the exciting news of the increased HECM lending limit for 2024, which has jumped from $1,089,300 to a substantial $1,149,825. This increase opens up new opportunities for homeowners to secure their
Understanding the Non-Recourse Feature of HECM Reverse Mortgages
November 12, 2023
Friendly and approachable, this blog post takes you on a journey through the intricacies of HECM reverse mortgages. We've broken down complex concepts into digestible bits, making it easy for you to understand how the non-recourse feature works and how it
Can My Children Still Inherit My House if I get a Reverse Mortgage?
October 24, 2023
Can My Children Still Inherit My House if I get a Reverse Mortgage?
"Empowering Seniors: Harnessing the Power of Attorney in Reverse Mortgage Refinance"
September 8, 2023
Angella Conrard, a Certified Reverse Mortgage Professional, explains how to use a power of attorney in a reverse mortgage refinance transaction.
Reverse Mortgages: A Smart Choice for Seniors' Retirement Planning
September 7, 2023
Discover the key legal documents seniors need to consider as they age. From wills to powers of attorney, our informative article provides practical advice and tips for planning your retirement with confidence. Explore the benefits of a reverse mortgage as
Leveraging Reverse Mortgage to Offset Income Taxes during ROTH IRA Conversion
August 16, 2023
This blog post provides a comprehensive exploration of an innovative financial strategy - using a reverse mortgage to pay for income taxes during a ROTH IRA conversion. It begins by explaining key concepts like reverse mortgages and the tax implications o
Using a Reverse Mortgage to Self-Fund Long-Term Care: A Comprehensive Guide
August 14, 2023
Explore how a reverse mortgage can be a financially viable alternative to long-term care policies. Learn about this flexible strategy that allows retirees access to their home equity for long-term care, offering comfort and independence. Your path to a wo
Unlock Financial Flexibility with Reverse Mortgages
July 31, 2023
This informative blog post delves into the strategic potential of reverse mortgages for retirees seeking financial flexibility. The article offers insights into how reverse mortgages work, the benefits they offer, and the precautions needed when consideri
Super Agers and Strategic Retirement Planning: A New Perspective on Aging Gracefully
July 31, 2023
This blog post delves into the concept of 'Super Agers' - individuals who age with vitality and grace, maintaining their cognitive abilities well into their golden years. We explore strategic retirement planning techniques that can help you become a Super
Navigating the Landscape of Reverse Mortgages in Los Angeles
July 17, 2023
This blog post serves as an in-depth guide to understanding the benefits and implications of reverse mortgages for homeowners in Los Angeles, California. It explores how reverse mortgages work, their advantages such as tax-free income, financial flexibili
Unlocking Financial Freedom: How FHA HECM Reverse Mortgages & Tax Strategies Empower Seniors
July 10, 2023
Dive into the world of FHA HECM reverse mortgages and discover how they can provide financial flexibility for seniors. This blog post explores the benefits, tax advantages, and strategic financial planning methods associated with reverse mortgages. Whethe
Are Reverse Mortgages Good? Video
July 10, 2023
This video discusses the idea of reverse mortgages and if they are good or not.
Are Reverse Mortgages a Good Idea?
June 29, 2023
In this blog post, we have comprehensively explored reverse mortgages, mainly focusing on their unique features and advantages. We've explained how reverse mortgages while having higher interest rates and additional fees, can still be a viable alternative
Discover How Much Cash You Can Access with a Reverse Mortgage Calculator
June 16, 2023
Learn more about planning your retirement future using a reverse mortgage calculator
Reverse Mortgages: Benefits, Drawbacks, and Alternatives for Retirees and Their Heirs - A Comprehensive Guide to Making Informed Financial Decisions
June 14, 2023
The article discusses the benefits, drawbacks, and alternatives of a reverse mortgage for retirees and their heirs. A reverse mortgage is a loan that allows retirees to borrow against the equity in their home.
Understanding the Fine Print: Unpacking Reverse Mortgage Fees
May 19, 2023
The blog post explains the concept of reverse mortgages, which allow older homeowners to borrow against their home equity without making monthly payments. The post delves into the different types of reverse mortgage fees, including closing costs, insuranc
How to use a reverse mortgage calculator: The Complete Guide
May 11, 2023
Discover how reverse mortgages, a federally regulated and flexible option, can help seniors access the equity in their homes for a comfortable retirement. Use our reverse mortgage calculator to estimate how much you can borrow and learn more about the ben
Aging in Place: Retirees Prefer Living in Their Own Homes
April 28, 2023
Summary: The article discusses the concept of aging in place, where seniors prefer to live in their homes for as long as possible, instead of moving to a retirement community or nursing home. The author provides reasons why most seniors prefer to age in
Retirement Underfunding and Baby Boomers: How Reverse Mortgages Provide a Solution
April 26, 2023
This blog post highlights the retirement underfunding issues currently faced by Baby Boomers born between 1946 to 1964. With increased life expectancy, the Social Security system is struggling to cope with the financial needs of the aging population. Fort
How a Reverse Mortgage Calculator Can Help Retirees
April 15, 2023
Retirees who are overwhelmed in choosing their retirement savings options can consider a reverse mortgage, and a reverse mortgage calculator is a useful tool to help estimate how much they may qualify for. It calculates the potential payment options, esti
What You Need to Know Before Using a Reverse Mortgage Calculator
April 15, 2023
The article discusses reverse mortgages, a financial product that allows retirees to access the equity in their homes for additional funds. It explains the advantages and disadvantages of taking out a reverse mortgage and highlights the importance of cons
"Turning Your Assets into Cash Flow: Why Consulting with a Fee-for-Service Financial Planner is Crucial for a Successful Retirement"
April 3, 2023
"Turning Your Assets into Cash Flow: Why Consulting with a Fee-for-Service Financial Planner is Crucial for a Successful Retirement" explores the importance of planning for retirement and provides tips on asset management. Surprisingly, 60% of retirees do
Using a Reverse Mortgage to Pay for Teeth and Health Care Costs Not Covered by Insurance
March 24, 2023
Dental Insurance doesn't pay for a large amount of proceedures and implants needed by retirees. Learn how a reverse mortgage can pay for your teeth.
Using a Reverse Mortgage to Pay for Long-Term Care
March 8, 2023
Learn how to use a reverse mortgage to pay for long-term care as an alternative to paying on-going premiums with a Long-Term Care Policy
How to Pay for Long-term Care Without Insurance
March 7, 2023
If you’ve started to look into long-term care options, you may have encountered expensive insurance policies that are difficult to qualify for and can take a very long time to pay out.
Reverse Mortgages Reduce Risk for Retirees and Make Your Money Last Longer
January 31, 2023
Recent studies show that incorporating home equity in retirement planning will make your money last longer.
FHA Reverse Mortgages - How Do I Get My Money?
January 28, 2023
Find out in what ways you can draw funds on a reverse mortgage.
2023 Reverse Mortgage Loan Limits
December 3, 2022
Learn what the new reverse mortgage loan limits are for 2023
Reverse Mortgage Proceeds Can Be Used for Taxes in Converting from a Traditional IRA to a Roth IRA
November 15, 2022
Reverse Mortgage Proceeds Can Be Used for Taxes in Converting from a Traditional IRA to a Roth IRA
Repairs - Reverse Mortgages - Repair-Set-Asides
November 7, 2022
HUD requires some repairs be completed prior to closing an FHA Insured Reverse Mortgage and some to be completed after your closing. Which is which?
HUD Increases the time an appraisal is valid in Mortgagee Letter 2022-11 from 120 days to 180 days
November 1, 2022
HUD Increases the time an appraisal is valid in Mortgagee Letter 2022-11 from 120 days to 180 days
Reverse Mortgage for Purchase - No monthly payment required
October 25, 2022
Learn about how to right size and purchase with a reverse mortgage
A Reverse Mortgage Assists a Couple in Increasing Their Cash Flow - To Afford Medicine
October 25, 2022
A client acquired a reverse mortgage to meet their goals but wanted to know, should he refinance?
Planning or Considering a Reverse Mortgage? Don't Forget Repairs & Maintenance in your Plan
October 18, 2022
Planning or Considering a Reverse Mortgage? Don't Forget Repairs & Maintenance in your Plan
Reverse Mortgage Occupancy Certificates & Requirements
October 11, 2022
Learn about reverse mortgage occupancy requirements and how your loan servicer verifies your residency.
USING A REVERSE MORTGAGE TO MAXIMIZE YOUR SOCIAL SECURITY BENEFITS IS SMART THINKING
May 12, 2022
Many people defer their Social Security benefits until age 70 to maximize their payments. Using a reverse mortgage can help supplement income in the process of maximizing your Social Security.
THE TAX ADVANTAGES OF CONVERTING AN IRA TO A ROTH IRA AND USING A REVERSE MORTGAGE TO PAY YOUR TAX BURDEN
May 12, 2022
This article discusses the advantages of using a reverse mortgage to pay your tax burden when converting funds from a IRA to a ROTH IRA.
Reverse Mortgage Occupancy Requirements Explained
May 10, 2022
Maintaining your home as your primary residence is a requirement of being a reverse mortgage recipient. Learn the guidelines of reverse mortgage occupancy
Home Equity Conversion Mortgage Loan Limit Increases 2022
December 9, 2021
HECM Loan Limit Increases January 1, 2022 to $970,800
Will Your Retirement Income Go Down If Your Spouse Dies?
August 31, 2021
Learn how you may protect yourself if your income goes down after your spouse dies.
Can Home Equity Help You Age In Place?
August 15, 2021
This article discusses various options to fund in home care.
Is There A Jumbo Reverse Mortgage Calculator?
July 25, 2021
Reverse mortgage jumbo calculator
When To Refinance Your Reverse Mortgage
July 15, 2021
You may be leaving money on the table with your current reverse mortgage. This article suggests when it may be appropriate to refinance your current reverse mortgage.
Newport Beach and Jumbo Reverse Mortgages
June 23, 2021
Newport Beach Jumbo Reverse Mortgages
What Is The Difference Between A Reverse Mortgage And HELOC?
April 22, 2021
What’s the difference between a home equity line of credit and reverse mortgages?
Can I Get a Reverse Mortgage if My Spouse is Under 62?
February 26, 2021
It is possible for a couple with one spouse who is under 62 years of age to get a reverse mortgage loan? Is it a smart financial move in this scenario?
ARE YOUR PARENTS RUNNING OUT OF MONEY FOR RETIREMENT OR CARE?
January 15, 2021
The article discusses the benefits of reverse mortgages for seniors who own their homes in retirement. Traditionally, seniors have relied on Social Security, pensions and savings plans for retirement, but rising expenses and decreased pension benefits hav
Why an Adjustable Reverse Mortgage May Be The Wisest Choice
December 7, 2020
Learn about the flexible ways to take your reverse mortgage cash. Would a credit line, tenure payment, term payment, cash or a combination work for you?
What Happens When My Reverse Mortgage Becomes Due? Settling your Loan Account
November 4, 2020
