Reverse Morgages & Inflation
Inflation has increased the price of just about everything, including buying a new home. For senior homeowners living in a home that no longer fits their needs, this is a serious problem. They have the option of selling their home and receiving an…
The Effects of Inflation on Retirement
You’ve probably seen the headlines about inflation and how it is increasing the price we pay for everyday items like gasoline, food, and healthcare. But have you considered the impact inflation is having on your retirement savings? Social Security uses…
Financial Advisors and the Reverse Mortgage Line of Credit Option
As a financial advisor, you may be overlooking a significant planning tool… a reverse mortgage line of credit. The government regulated and insured FHA Home Equity Conversion Mortgage or HECM is designed to help seniors of every economic stratum. As…
Why Should I Consider a Reverse Mortgage?
You’ve worked hard and you think you’ve built up enough equity to enjoy a comfortable retirement. You’re a homeowner and you have Social Security payments to draw on, as well as an IRA or a 401K, so you’re feeling pretty comfortable about your finances.…
What are Proprietary or”Jumbo” Mortgages? How are They Used?
A proprietary reverse mortgage, often called a “Jumbo Reverse”, is a non-FHA reverse mortgage originated by a private lender, that often has more flexible guidelines and different features than an FHA insured reverse mortgage. Here are a few ways “Jumbo…