As we age, healthcare issues can become a huge concern for older Americans. “Americans turning 65 this year can expect on average to pay $138,000 in future long-term care services and supports (LTSS)
6 Common Myths about Reverse Mortgages
There’s certainly no shortage of myths in our world. Despite tremendous advances in medicine and technology, myths still persist in today’s world. Today, we all understand that the Earth is round, but
When a Reverse Mortgage is not the Best Option
You may have heard of this thing called a reverse mortgage as a way to provide liquid cash during your retirement. As you try and plan your finances for your golden years, you research a reverse mortg
Reverse Mortgages – More than Just a Last Resort
Prior to some new rules being implemented in 2009 and 2014 and an overhaul of the government’s insurance program in 2013, reverse mortgages were considered to be a last resort for cash-strapped senior
Six Frequently Asked Questions About Reverse Mortgages
Unlike a traditional home equity loan or home equity line of credit, a reverse mortgage doesn’t have to be repaid until the last surviving borrower no longer lives in the home, or the home is sold. If
FHA Reverse Mortgage
An FHA reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), is a loan insured by the United States Federal Government.
After the Great Depression, the United States Congress passe
Can You Get A Reverse Mortgage on a Manufactured Home?
Can you get a reverse mortgage on a manufactured home? This is an interesting question that usually comes up among seniors who own manufactured homes. This article will provide the answers you are loo
Eligible Reverse Mortgage Property Types
There is often confusion about what property types qualify for a Reverse Mortgage. If you are considering a Reverse Mortgage, the first step would be to determine whether or not your property is eligi
Senior Home Owners Find Financial Resource in Reverse Mortgages
For many seniors the equity in their home is their largest single asset, yet it is unavailable to use unless they use a home equity loan. But a conventional loan really doesn’t free up the equity beca
What is a Reverse Mortgage?
A reverse mortgage is a loan against your home that requires no repayment for as long as you live there. It is insured by the FHA (Federal Housing Administration) for homeowners ages 62 or older. It i