1-866-840-0279Articles
Browse insightful articles by GoodLife Home Loans about solving the common challenges and concerns of retirement
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...
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...
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...
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...
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.
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.
Current Reverse Mortgage Interest Rates (2020)
As you consider whether a reverse mortgage is right for your financial circumstances, you should bear in mind how interest rates may affect your loan.
Can You Get a Reverse Mortgage on a Condo?
If you are eligible for a reverse mortgage, you may be able to obtain one on a condominium unit depending on certain rules and restrictions. Reverse mortgages allow seniors…
Reverse Mortgage vs Immediate Annuity Pros & Cons
As you plan for retirement, you might have caught wind of the term “immediate annuity” with promises regarding how this type of security can provide income for life.
Find out if a GoodLife Home Loans Reverse Mortgage is Right for You.