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 help broke and desperate people, but often it can’t. The reason? You have to qualify for a reverse mortgage. Your income and credit must meet certain standards or you won’t … Read More >>

What are the Dangers of Reverse Mortgage Financing?

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 time to time and I always find them puzzling. I don’t see a reverse mortgage as risky. It can be a poor fit for some people, but calling it “risky” … Read More >>

A HECM Line of Credit Example

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 HECM line of credit can turn a portion of your home’s value into a tax-free retirement “account” that will grow larger over time. Let me show you how with a … Read More >>

Growth of Principal Limit

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 little technical here, but hang with me. If you grasp what I’m about to cover, you’ll have a better understanding of the reverse mortgage than many industry professionals. Growth of … Read More >>

Reverse Mortgage Purchase Calculator

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 it’s still pretty new. Our reverse mortgage purchase calculator is a great way to estimate how much of a down payment you’ll need to purchase a home with a HECM … Read More >>

Supplement Retirement Income with Reverse Mortgage

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 of its potential benefits. If you’re at least 62, the HECM line of credit can substantially enhance your lifestyle and financial security in retirement. We’re living longer than ever today. … Read More >>