Articles
Browse insightful articles by GoodLife Home Loans about solving the common challenges and concerns of retirement
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
Amortization describes the process and rate that a loan can be paid off over time. When a borrower takes out a loan from a lending company...
How Does a Reverse Mortgage Work for Seniors?
Reverse mortgages can be a helpful way to fund your retirement. For many seniors, finding a workable retirement income solution can be a...
Are Reverse Mortgages Safe? Facts About Reverse Mortgage Programs
Reverse mortgages can be an effective way to fund your retirement, allowing you to tap into the home equity you’ve accrued over the years...
Reverse Mortgage Age Requirements
Reverse mortgages can be a great way to fund your retirement, whether as your primary form of retirement cash flow or as a supplement to...
How Much Money Do You Get from a Reverse Mortgage?
Reverse mortgages are a great way to secure a steady stream of retirement income, whether as your primary source of funding or as a...
What Closing Documents are Needed for a Reverse Mortgage?
Reverse mortgages allow retirees 62 years of age and older to use their home’s equity for an additional source of income. This is a...
13 Reverse Mortgage Myths Explained
Myth 1: You won’t own your home anymore Myth 2: You’re required to make monthly mortgage payments Myth 3: Your children will be left with...
What Does “Principal” Mean in a Mortgage?
What Does a Mortgage "Principal" Mean? As you apply for a reverse mortgage, there will be various terms mentioned that you may be...
What Is a Single-Purpose Reverse Mortgage?
There are three main types of reverse mortgages: federally insured reverse mortgages, proprietary reverse mortgages, and single-purpose...
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