How Does Reverse Mortgage Work And Why Is It Beneficial For You

A reverse mortgage is a loan option that allows seniors 62 years or older to live comfortably in their retirement. Borrowers can cash off their equity and pay for their mortgages or other expenses this way. This type of mortgage is most popular with seniors who’ve run out of sources of income and savings.  In

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10 Things You Need To Know About Reverse Mortgages

Taking a loan means that what you’ve got isn’t enough for what you desire. Be it a car that you want to buy, cash to support your medications, or you simply want to be financially independent, taking a loan is a quick solution.   Applying for loans may be easy if you are young, able,

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Enjoy Your Retirement Years with a Reverse Mortgage

Is retirement is just around the corner for you and you are planning all the wonderful things you can do with your free time, vacations, grandkids, hobbies, home improvements and travel? But even though you have paid off your mortgage, cash may be a little bit tight to do many of the things you want?

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Homebuyers 62+ Focus of New Toolkits for Real Estate Agents, Builders

The National Reverse Mortgage Lenders Association released two free toolkits today for real estate agents and homebuilders who work with older homebuyers. The guides explain a mortgage financing option specifically for

When the Time Comes for a Reverse Mortgage

Baby boomers are retiring at a rate of about 10,000 per day (more than 3.5 million a year) and will continue doing so for the next decade. According to a report by the Economic Policy Institute (EPI), the average household

Why seniors should consider a reverse mortgage

The reverse mortgage deserves closer scrutiny. It’s usefulness for seniors has improved recently due to mandatory education, tighter eligibility requirements and new legislation that prioritizes applicant’s right to stay in their home

How to Save with a No Closing Cost Reverse Mortgage

One of the knocks against reverse mortgages, in general,are the closing costs. These tend to be higher than traditional mortgages and for many borrowers, this is part of the reason why they never pursue one.

Breaking Down Reverse Mortgages

Most of us have seen the TV commercial where some celebrity or another tells us about reverse mortgages. But what is a reverse mortgage and what can you expect during the process?

Pros, Cons, and Myths About Reverse Mortgages

As the 77 million baby boomers enter retirement at a rate of 10,000 per day, the reverse mortgage marketplace is potentially worth $1.9 trillion according to the Consumer Financial Protection Bureau, of which only about 10% has been penetrated to date. While this mortgage product has been around for years, it’s affect on real estate

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What Seniors Should Know When Considering a Reverse Mortgage

Despite the amount of marketing that reverse mortgages receive, many people are still unclear on what they actually are. Below are a few things seniors should know when considering a reverse mortgage.

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