Your lifestyle goes through several major changes as you get older and one of the most significant ones is when you transition into retirement. Retiring is different from one person to another. But one of their goals is to be financially independent.… Read More

The originators of reverse mortgages have always lauded the advantages of reverse mortgage options for a few prospects relative to HELOCs or home equity lines of credit. However, the latest changes in the home equity lending environment brought this differentiation back to the fore, and a few originators are getting higher numbers of inquiries because of people who want to get a HELOC but are unable to qualify.… Read More

Seniors in the United States are sitting on a whopping $7.19 trillion in housing wealth. Although it wasn’t part of balanced retirement plan, reverse mortgage could be an effective way of funding retirement. Tapping home equity can help generate income and hedge against possible correction in the housing sector.… Read More

Whether you are looking to repair your home or supplement your income during retirement, a reverse mortgage loan can help. However, there will be some extra steps you need to take when getting a reverse mortgage, which will make the process similar to applying for a traditional loan.… Read More