Make A Fixed Income Work: Refinancing A Traditional Mortgage Into A Reverse Mortgage

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Transitioning into a comfortable retirement typically requires hard work, careful planning and the ability to reconcile your financial health with long-held aspirations. However, if retirement is nearing and the resulting fixed income threatens to derail the lifestyle you imagined, an underutilized and often misunderstood tool could get you back on track. Add Income, Reduce Costs […]

If Downsizing Isn’t In the Cards, Some Advice for Aging in Place

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In a perfect world where mortgage rates, market inventory and demand from homebuyers align, downsizing to a smaller home would be a piece of cake for aging seniors. Unfortunately, if downsizing isn’t in the cards, some advice for aging in place can be valuable. Seniors Staying Put Factors like lack of affordable inventory in a preferred […]

Keep Learning: 5 Ways A HECM Can Help

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Continuous learning can keep your mind sharp as you age and can play a fundamental role in making the most of your retirement. However, retirement savings can limit your ability to be a lifelong learner. One option to free up some cash and secure your financial stability is a reverse mortgage or Home Equity Conversion […]

Good Health and Financial Security

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Good health and financial security are essential to enjoying retirement. Planning ahead will go a long way to ensure both are waiting for you when the time comes. However, a reverse mortgage, or HECM, may also be a useful tool to help you achieve those goals. In addition to providing a flexible revenue stream without […]

Five Unexpected ways a HECM Could Improve Your Quality of Life

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Retirement is one of the milestones most looked forward to in life. Work is done and free time reigns. Maybe you’ve always wanted to travel Europe, or take up sailing, or just live closer to your children and grandchildren, but money is tighter now. For many, a Home Equity Conversion Mortgage (HECM) is a great […]

Building An Action Plan For Aging In Place

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The most recent survey by the National Council on Aging showed that 75 percent of Americans over the age of 60 intend to stay in their homes the rest of their lives. However, the reality is that many seniors will leave their homes for unforeseen financial or health reasons. Despite the challenges of aging in place, planning […]

The Sandwich Generation

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On the way to dropping your child off at soccer practice, your mind wanders to your to-do list for the next day, which looks something like this: pick up your mother’s medication, help make her next doctor’s appointment, and work with your eldest daughter to fill out college and scholarship applications. That’s in addition to […]

Power Up Your Home’s Energy Efficiency with a Reverse Mortgage

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A Home Equity Conversion Mortgage (a reverse mortgage sometimes referred to as HECM) is often considered an avenue for high-equity homeowners to supplement retirement income without selling the home. However, the flexibility of a HECM can also offer funding to make critical improvements or cost-saving upgrades to the home. In fact, an approach that focuses […]

How Does Age Factor Into The Benefits of a HECM?

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If you or a family member is considering a Home Equity Conversion Mortgage, or HECM (also known as a reverse mortgage), you probably know that age is important; after all, FHA requires that borrowers be 62 years old to qualify. But you may be wondering how does age factor into the benefits of a HECM, especially […]

Protecting Your Retirement Plan With A Reverse Mortgage

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While a Home Equity Conversion Mortgage (HECM), or reverse mortgage, can be a smart financial tool for those needing to supplement their retirement income, its possible ability to protect a well-funded nest egg is easy to overlook. As retirement approaches, even those with a solid financial plan may fear the damage an ill-timed market downturn […]