Our new and improved HECM calculator is here! Try it now!

What is the Downside of Reverse Mortgages?

Downside of Reverse Mortgages

I’m sure you’ve seen the commercials on TV with famous pitchmen extolling the virtues of reverse mortgages. They make reverse mortgages sound pretty good, right? So, what is the downside of reverse mortgages? What are some possible pitfalls you need to look out for? The HECM reverse mortgage is a great financial tool, … Read More >

6 Reasons to Avoid a Reverse Mortgage

New HECM Lending Limit

There’s no question a HECM reverse mortgage is a fantastic financial tool that offers increased financial stability and freedom in retirement. However, it’s not the perfect solution for everybody; there are some situations where you may want to avoid a reverse mortgage. Before we dig into the reasons not to get a reverse mortgage, let’s first … Read More >

Financial Advisers (Thankfully) Grow More Aware of the Possible Benefits of a Reverse Mortgage

Financial advisors increasingly seeing the benefits of reverse mortgages.

I’m a strong believer in the reverse mortgage, so it’s always gratifying when financial professionals write positively about the program. Jerry Golden of Golden Retirement Advisors mentions reverse mortgages in a recent article on Kiplinger.com. He highlights how many financial professionals unfortunately believe that reverse mortgages are all bad and should never be … Read More >