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Browse insightful articles by GoodLife Home Loans about solving the common challenges and concerns of retirement
What are the 3 Different Types of Reverse Mortgages?
Are There Different Types of Reverse Mortgages? Reverse mortgages are a great retirement solution for many homeowners. They allow you to...
What Does Being an Executor of a Will Mean?
What Does Executor of a Will Mean? You may have heard of the executor of a will before — but what does being the executor of a will mean?...
How Much is Income Tax for Seniors? (And How to Plan Effectively)
Planning for Taxes in Retirement Many changes come when you retire—no more rush hour commute or 9 to 5 workday. One thing that does remain...
Reverse Mortgage Jumbo Loans Explained
What is a Jumbo Reverse Mortgage? Many homeowners wonder how they can access the wealth they’ve built through home equity in the past, so...
FHA Announces Increases for FHA & HECM Loan Limits (2021)
Increases on HECM Loan Limits For the fifth consecutive year, the Federal Housing Administration (FHA) raised its lending limit on all FHA...
What is a Constant Maturity Treasury (CMT)?
The constant maturity treasury rate (CMT) is a measure of the yield rate on a treasury security if it were issued that day. Lenders use...
A Complete Guide to Home Equity Conversion Mortgage (HECM Mortgage)
As you enter retirement, you may find that a limited income and personal savings are not enough to cover all living expenses. Whether you’d like supplemental income to help pay for medical bills, home repairs, or a dream vacation, a home equity conversion mortgage (HECM) could be the financial tool you’re searching for.
What is Assistive Technology? 3 Advantages of Assistive Technology
As the years progress, many seniors find that performing the same activities they could once do with ease becomes increasingly difficult—whether that’s taking a long walk, listening to music, or reading the morning news.
FHA Appraisal Checklist for Reverse Mortgages – GoodLife
If you feel like you could use additional cash-flow during retirement, a reverse mortgage might be able to help. Also known as a home equity conversion mortgage.
The Advantages and Disadvantages of Multigenerational Households
In a multigenerational home, parents, grandparents, and children might all live together. While this was standard for most of history, the past century saw a dramatic increase in the number of nuclear family homes.
How to Create a Budget for Seniors on a Fixed Income in Retirement
As many working Americans approach the end of their career, they begin to worry over how to budget income for a long, full, and vibrant retirement.
Why an HECM Loan is Better Than Other Reverse Mortgage Alternatives
As you examine your retirement options, you may consider using a Home Equity Conversion Mortgage, commonly called an HECM Loan or a reverse mortgage.
Find out if a GoodLife Home Loans reverse mortgage is right for you.