Reverse Mortgages Explained?

 Reverse Mortgages Explained? A reverse mortgage can be a helpful type of home loan for retirees looking to tap into their home equity and cover their day-to-day costs during retirement. Q: My wife and I recently retired and are finally getting around to some much-needed home renovations. We don’t want to drain our retirement fund […]

Social Security benefits

Retirement savings being eaten up. A reverse mortgage can help with that

Social Security Recipients Could Get a Massive 11% Raise Next Year Surging inflation could lead to the biggest boost to monthly Social Security benefits since 1981. The 2023 Social Security cost-of-living adjustment, or COLA, would be 10.8% if inflation continues at its current pace, according to a new prediction from the non-profit Committee for a […]

What Is a Reverse Mortgage

What Is a Reverse Mortgage, and How Does It Work? What Is a Reverse Mortgage? A reverse mortgage is a type of home loan for older homeowners. Unlike traditional mortgages, they don’t require homeowners to make monthly payments. Instead, the borrower receives payment from the lender — either monthly, via a line of credit […]

pay back a reverse mortgage

How do you pay back a reverse mortgage? At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money. A reverse mortgage can make it possible for seniors to remain […]

Reverse Mortgage Uses

Reverse Mortgage Uses Reverse Mortgage Uses. A HECM Reverse Mortgage is a versatile retirement funding tool that can be utilized in many ways. Here are just some of them: Pay off your forward mortgage to reduce your monthly expenses. Re-model your home to accommodate aging limitations. Maintain a line of credit (that grows) for health […]

How Does A Reverse Mortgage Calculator Work?

Doing education to determine if a Reverse Mortgage is a good fir for you.

How Does A Reverse Mortgage Calculator Work?  If you’re a senior and thinking of tapping into the equity you’ve built up in your home by taking out a reverse mortgage loan, then you likely have a lot of questions, especially if you’re entertaining this idea for the first time. It is only natural, considering that […]

Reverse Mortgages Well Suited to Aging in Place Issues

Housing Experts: Reverse Mortgages Well Suited to Address Aging in Place Issues The Reverse mortgage program can be a very valuable tool for addressing issues related to aging in place in the United States, as well as circumventing some problems related to the spread of COVID-19 in senior housing and nursing facilities. However, some issues […]

Strategic Tax Planning for the Wealthy

Strategic Tax Planning for the Wealthy with Reverse Mortgages Loan officers in the Reverse Mortgage business have ben trying to explain this to financial planners for some time now. I was glad to find this from Nasdaq this morning. The Tax Cuts and Job Act of 2017 (TCJA) dramatically changed tax law in our country. […]

How to Make Your Retirement Savings Last

Reverse Mortgages as markets tumble. Reverse Mortgage could be your saving grace.

How to Make Your Savings Last for Decades, According to a 96-Year-Old Retirement Expert Lots of retirement experts theorize about how best to plan for the thirty-plus years you hope to enjoy after hitting 65. When Jack Guttentag — who turned 96 last December — gives advice, he’s speaking from experience. Guttentag, an economist who […]

Reverse Mortgages Easier to Recommend

FPA Chair: Reverse Mortgage Refinements Make Products Easier to Recommend The evolution of the reverse mortgage product space has been a constant reality that the surrounding industry has had to contend with for many years, but having gone through such demonstrable and customer-focused periods of change is exactly what has made reverse mortgages more appealing […]