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Browse insightful articles by GoodLife Home Loans about solving the common challenges and concerns of retirement
Reverse Mortgage Age
Table of Contents Key takeaways Is there a minimum age requirement for reverse mortgages? Reverse mortgage spousal requirements Does age...
How Much Money Do You Get from a Reverse Mortgage?
Table of Contents Key takeaways Key Factors What is the maximum loan amount? Jumbo reverse mortgages Disbursement options Lump sum Monthly...
What Closing Documents are Needed for a Reverse Mortgage?
Table of Contents: Closing a reverse mortgage What is the reverse mortgage closing process? How long does it take for a reverse mortgage...
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...
What is a Mortgage Loan Officer?
In short, a mortgage loan officer is someone who helps borrowers throughout the mortgage loan application process. Read more below about...
What Is the Occupancy Clause in a Mortgage?
When obtaining a reverse mortgage, there are various clauses that you’ll have to read through and understand so you can avoid breaking...
Annuities Advantages & Disadvantages: What You Should Know
Pros & Cons of Annuities: Thinking About Retirement Saving for retirement is a financial task that should be on top of everyone’s...
What are the Most (And Least) Tax Friendly States for Retirees?
Understanding Retirement Income and Taxes Retirement is a time for relaxation, reflection, and enjoyment of the simple things in life....
2 Ways You Can Pay Off a Reverse Mortgage Early
Paying Off Your Reverse Mortgage Early One of the biggest benefits of a reverse mortgage loan is that you do not have to start paying it...
5 Retirement Income Strategies to Generate More Money
5 Retirement Income Strategies Retirement can be a financially tricky time for many people. After a lifetime of work and, in many cases,...
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