How to Buy a Home Using a Reverse Mortgage

Planning for Retirement This article is as much for homebuyer and homeowners 62 years or older, as it is for the adult children of aging parents. Reverse mortgages are primarily about providing financial options that include allowing you to leverage your home’s equity to help subsidize increasing health costs, or supplementing retirement income to realize [...]

What is a Home Equity Conversion Mortgage?

Reverse Mortgage Maybe you’ve seen commercials on TV about Reverse Mortgages. Mortgage companies offering this Government insured mortgage solution are famous for using Celebrity spokespeople to build awareness for this underutilized home mortgage loan program. A Home Equity conversion Mortgage (HECM), also known as a Reverse Mortgage, is government insured loan program offered by the [...]

How to Protect from a Financial Hardship Brought on by a Reverse Mortgage

A reverse mortgage is a special type of home loan that allows older homeowners to access the equity they have built up in their homes and defer payment of the loan until they pass away, sell, or move out. The loan proceeds are generally provided to the borrowers as lump-sum payments, monthly payments, or as [...]

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