Reverse Mortgage Home Purchase: Finance a Home With No Mortgage Payment
If you’re an American homeowner 62 or older, the HECM reverse mortgage purchase program enables you to finance a home without a mortgage payment. Sound…
Category: Reverse Mortgage 101
Are Reverse Mortgages Expensive?
Many seniors have the impression that reverse mortgages are expensive – mainly because of the closing costs. Yes, depending on the scenario, reverse mortgage closing…
The Biggest Pitfall of Using a HELOC for Cash in Retirement
I’ve chatted with many seniors over the years who believed that a HELOC is a better option than a reverse mortgage for cash in retirement.…
The Reverse Mortgage is a Great Product, But Here’s When It’s Best Avoided
The reverse mortgage is a fantastic financial product, but there are some situations where it’s best avoided. Though I’ve made a living doing reverse mortgages,…