10 reason to get a reverse mortgage Archives

Mortgage rates fall again as economy cools further Mortgage Rates fall for home loans for the sixth straight week as concerns about the economy buffeted financial markets. In the week ending March 6, 30-year fixed-rate mortgages averaged 6.63%, Freddie Mac announced Thursday. That’s down from 6.76% last week, and marked the biggest weekly decline since…

As homeowners seek to leverage their property’s equity, understanding the distinctions between Home Equity Lines of Credit HELOC and reverse mortgage becomes crucial. Both financial tools offer unique benefits and cater to different needs. Here’s an analysis to help determine which option might be more advantageous in 2025. Home Equity Line of Credit HELOC A…

Tips for Boomers Who May Have Retired Too Early As a baby boomer who has opted for early retirement, you may be grappling with how to make your retirement funds stretch out over the years ahead. You’re wise to do so — especially if you’re not even 60 yet. 5 Cities Becoming Popular With Baby Boomers: Are…

Choosing the Right Seniors Reverse Mortgage : Tailoring Solutions for Seniors In the United States, the population of adults aged 65 and older stands at a staggering 54.1 million, a number that continues to grow with each passing year. As these individuals approach their golden years, financial stability becomes a paramount concern. Many seniors are…

Wharton professor Jeremy Siegel warns the recession threat is growing – and stocks could struggle in the days ahead. Jeremy Siegel sees a rising risk of recession and a downbeat outlook for stocks. The retired Wharton finance professor expects the Fed to cut interest rates later this year. The US central bank may be underestimating…

Reverse mortgages can improve lifestyles Reverse mortgages can improve lifestyles of any seniors who are least 62 and wish to increase their incomes or provide a meaningful hedge against future contingencies. Bear in mind that the reverse mortgage options that are available to access a portion of the equity in your home include: — Establishing…

Older homeowners aged 62 and older are sitting on a mountain of equity. Over $11 trillion dollars according to the National Reverse Mortgage Lenders Association’s Risk-Span Reverse Mortgage Market Index. With seniors awash in home equity is this a good time for older homeowners to tap into their home’s value? With home prices on average…