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Browse insightful articles by GoodLife Home Loans about solving the common challenges and concerns of retirement
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...
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,...
Retirement Mortgages: How to Qualify as a Retiree
Understanding Retirement Mortgages Many retirees find that, in retirement, they wish to move into a new home. And, for most, that means...
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