Advantages of a Reverse Mortgage Loan vs. a HELOC and a Home Equity Loan Reverse Mortgage vs HELOC. For homeowners aged 62+, a Home Equity Conversion Mortgage (HECM, commonly called a reverse mortgage) loan offers some distinct advantages over other types of home-equity-release loans. According to a survey conducted by Clever, about half (51 percent) of […]
Three Buckets of Retirement Income: The Sacred Cow of Home Equity Many people feel that paying off their home and having no mortgage with lots of equity is the Holy Grail of retirement. Several people wait until their home is paid off before they retire and then feel they are safe to do so. The […]
Home Wealth Can Help Retirees to Fight Inflation These days, inflation is on the minds of most people — and it is of particular concern for seniors. With prices rising at the fastest pace in decades, many people who are in or nearing retirement have heightened fears they may outlive their savings. What Is the […]
How Does A Reverse Mortgage Affect Title How does a reverse mortgage affect title? One thing to consider with all mortgages, including the reverse mortgage loan, is how ownership of the property is structured. In most instances, the property title is held either fee simple or joint ownership traditionally. However, occasionally the homeownership can be […]
How A Reverse Mortgage Loan Works In Divorce How a reverse mortgage loan works and can provide additional support during one of life’s difficult steps. Divorce can be emotionally stressful enough for everybody involved without the added worry of what’s going to happen with their finances. Often, one of the first questions asked is what […]
Reverse Mortgage and Long Term Care Reverse Mortgage and Long Term Care We try to anticipate all kinds of things that could happen; car accidents, house fires, illness or disability, etc. But most people don’t think about or plan for the fact that 70%* of us are going to have to worry about the cost […]
Reverse Mortgage Solution Reverse Mortgage solution to many of life’s necessities. The interesting thing is that when people make financial decisions, they often make them emotionally even though numbers are very logical. Two plus two always equals four, yet emotion comes into play in almost every financial decision. I’ve never seen a situation that has […]
A Reverse Mortgage Documentary Produced By Kirby Bradley HECM loan explained. Kirby Bradley, an ESPN award-winning film producer, known for Real Sports with Bryant Gumbel and 30 for 30, has recently produced a short documentary on one of the most misunderstood retirement products available, a reverse mortgage loan (aka a HECM loan). This informative documentary […]
