As inflation continues to affect Americans nationwide, many retirees are feeling the pinch in their budgets. From rising grocery prices to increasing utility bills, the cost of living has skyrocketed, leaving many wondering how to stretch their retirement income further. For homeowners aged 55 and older, there’s a solution that could help ease financial strain: […]
Rick Rodriguez of VIP Mortgage came into the reverse mortgage industry with doubts, but he quickly saw the benefits for a client December 19, 2024, 5:11 pm By Chris Clow After initially entering the mortgage business in 2003 following a career change from accounting, Rick Rodriguez was reading a book about mortgages that included a chapter on […]
How a Reverse Mortgage Can Preserve Your Retirement Savings As you enter retirement, managing your finances becomes more critical than ever. With longer life expectancies and the rising costs of living, retirees often worry about outliving their savings. If you’re a homeowner aged 55 or older, a reverse mortgage may be the solution you’ve been […]
The Three Buckets of Retirement Income: Rethinking Home Equity For many, paying off a mortgage and owning a home free and clear is seen as the ultimate financial milestone in retirement. Some even delay retirement until their home is fully paid off, believing it provides long-term security. However, while home equity is valuable, it’s not […]
