The Top 6 Misconceptions You May (Or May Not) Have Heard About Reverse Mortgages
When I was a young boy, my parents took my brother and I on a vacation. I was pretty little, so I don’t remember much…
Category: Reverse Mortgage Basics
Is a Reverse Mortgage Only for Broke and Desperate People?
Is a reverse mortgage only for broke and desperate people? Many people seem to think so, but I respectfully disagree. A reverse mortgage can sometimes…
What Are the Dangers of Reverse Mortgage Financing?
What are the dangers of reverse mortgage financing? Is a reverse mortgage risky? If so, what are the risks? Questions like these come up from…
A HECM Line of Credit Example
The HECM reverse mortgage line of credit is a great financial tool for many seniors. If you owe little to nothing on your home, the…
How Much Equity Do You Have to Have to Qualify for a Reverse Mortgage?
How much equity do you have to have to qualify for a reverse mortgage? Great question! The answer is: it depends! There’s no set amount…
Growth of Principal Limit: What It Is and How It Works
Growth of principal limit is a key feature of a reverse mortgage, but few people really understand how it works. I’m going to get a…
Introducing Our Reverse Mortgage Purchase Calculator
Did you know that we have a reverse mortgage purchase calculator? If not, don’t feel bad! We rolled it out a few months ago, so…
The Reverse Mortgage Line of Credit is Fantastic. Here’s Why.
The HECM reverse mortgage line of credit is simply fantastic. It’s a shame that so many seniors and their advisors and family members remain unaware…
Pros and Cons of a HECM Reverse Mortgage
Like any financial product, there are some pros and cons of a reverse mortgage that can make it a great option for some seniors and a…
How to Turn Home Equity Into a Tax Free Retirement Account That Grows
What if I said there was a way to turn a large portion of your home’s equity into a liquid and tax free retirement account…