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Browse insightful articles by GoodLife Home Loans about solving the common challenges and concerns of retirement
Who Can Get a Reverse Mortgage?
In 2021, 49,207 borrowers entered into reverse mortgages, an increase from the previous year. Reverse mortgages are becoming more popular...
What Is Home Equity?
The average price of a house in the US is $428,700 in 2022. Owning a home offers a range of benefits, and one of those is establishing...
How to Get a Reverse Mortgage
Are you nearing retirement and curious about what a reverse mortgage is? Ready to tap into your home equity? A reverse mortgage could be a...
The Benefits of a Reverse Mortgage
Wondering if a reverse mortgage is the right option for you? More people opted for a reverse mortgage in 2022 than ever before and this...
How to Calculate a Reverse Mortgage
As time passes, one’s financial priorities inevitably shift. Retirees are often left with two choices: sell their home or be stuck trying...
What Is a Reverse Mortgage and How Does It Work?
Reverse mortgages are becoming an increasingly popular way to tap into your home’s equity. In fact, in 2021, reports showed that a...
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...
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Getting Started with Reverse Mortgages
If you’re looking to get started with a reverse mortgage, these articles can help guide you through all aspects of the process.