Articles
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 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...
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...
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...
Find out if a GoodLife Home Loans Reverse Mortgage is Right for You.