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Articles
Browse insightful articles by GoodLife Home Loans about solving the common challenges and concerns of retirement
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?
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?
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…
Find out if a GoodLife Home Loans Reverse Mortgage is Right for You.