So You've Paid Off Your Mortgage

So You’ve Paid Off Your Mortgage. Great! Now Here’s the Problem…

So you’ve paid off your house and are headed for a mortgage-free retirement. Fantastic! Retiring without a mortgage payment means you can more easily live on a lower retirement income and preserve your retirement savings for longer. Though retiring mortgage-free is a great accomplishment, it comes with a potentially big problem. And I’m not referring … Read More >>

FHA Reverse Mortgage Calculator

FHA Reverse Mortgage Calculator

Looking for an easy-to-use FHA reverse mortgage calculator? You’re definitely in the right place! We upgraded our FHA reverse mortgage calculators recently and they’re even better than ever. One calculator estimates proceeds for a traditional reverse mortgage (for a home you already own and live in) and the other calculates your down payment for a … Read More >>

Reasons Not to Get a Reverse Mortgage

The 3 Biggest Reasons Not to Get a Reverse Mortgage

There’s no question a HECM reverse mortgage is a great financial tool. However, any good reverse mortgage professional will acknowledge that it’s not the right solution for everybody. Just as there are good reasons to get a reverse mortgage, there are also several reasons not to get a reverse mortgage. Before we cover some reasons … Read More >>

Reverse Mortgage Calculator Without Personal Information

Reverse Mortgage Calculator Without Personal Information

Looking for a great reverse mortgage calculator without personal information requirements? You’re in the right place! We recently rolled out two brand new upgraded reverse mortgage calculators. One calculator is for a traditional reverse mortgage (for a home you already own and live in) and the other is for reverse mortgage for purchase. Both calculators … Read More >>

Reverse Mortgage Myths

The Top 12 Reverse Mortgage Myths and Misconceptions

The reverse mortgage is a hugely misunderstood mortgage product. Even financially savvy people like attorneys, CPAs, and financial advisors often have it wrong about reverse mortgages. I’ve helped hundreds of seniors over the years get reverse mortgages and I think I’ve heard just about every myth and misconception there is. I’d like to address the … Read More >>

How Much Equity is Needed for a Reverse Mortgage?

How Much Equity is Needed for a Reverse Mortgage?

So, how much equity is needed for a reverse mortgage exactly? Great question! And the answer is: it depends! There’s no set rule that applies to everybody. How much equity is needed for a reverse mortgage depends on how much you can qualify for with a reverse mortgage. And how much you qualify for depends … Read More >>