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Browse insightful articles by GoodLife Home Loans about solving the common challenges and concerns of retirement
What are the Index and Margin for an Adjustable-Rate Mortgage?
The interest of adjustable-rate mortgages (ARM) are tied to the index and margin. The index is a reference point for the interest rate and...
What is a Lender Credit?
Many banks and mortgage lenders often offer borrowers lender credits to help pay for closing costs. Here we’ll discuss lender credits in...
What is the Mortgage Interest Rate Index?
The mortgage interest rate index is a benchmark that adjustable-rate mortgages (ARMs) base their fully indexed interest rates on. The...
What is Asset Dissipation?
Asset dissipation is a calculation of how much income you would have each month if you sold all your liquid assets for cash, then figured...
New for 2022: Significant Increase in Lending Limits Means More Money’s Possible Out of a Reverse Mortgage
You’re not alone if money’s a concern as you think about the future. Reverse mortgages (HECM loans) are a safe and flexible financial tool...
What is a Loan Origination Fee for a Home Mortgage?
A loan origination fee for a mortgage is a charge that lenders establish as compensation for setting up or processing your loan. This fee...
What is an Upside-Down Mortgage?
When you buy a home, the property’s value will appreciate over time, allowing it to build equity. However, this isn’t the case with...
What Is a Financial Assessment in Reverse Mortgages?
When you apply for a reverse mortgage, lenders must conduct a financial assessment to verify you have enough money to cover ongoing...
Can You Get a Reverse Mortgage on a Manufactured or Mobile Home?
For many Americans, manufactured or mobile homes can be an effective and affordable housing solution and alternative to renting. And for...
Reverse Amortizations: What you Need to Know
Key Takeaways What is reverse mortgage amortization? How does reverse mortgage amortization work? Reverse mortgage amortization schedule...
How Does a Reverse Mortgage Work for Seniors?
Contents: What is a reverse mortgage for seniors? What are the qualifications for a reverse mortgage? Types of reverse mortgages How can...
Are Reverse Mortgages Safe? Facts About Reverse Mortgage Programs
Table of Contents Key takeaways What is a reverse mortgage? How do reverse mortgages work? HECM vs proprietary reverse mortgage What makes...
Find out if a GoodLife Home Loans reverse mortgage is right for you.