1-866-840-0279In 2021, 49,207 borrowers entered into reverse mortgages, an increase from the previous year. Reverse mortgages are becoming more popular for homeowners who want to make use of home equity, but not everyone is eligible. If you're in need of funds, then you may want to...
Nicole Hendrickson
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 equity. While paying off a mortgage, you slowly gain full ownership of the property. This equity can increase your net worth, and you...
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 great way to do it! This type of loan allows you to borrow against the value of your home, and there are a variety of ways to use...
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 article will explain some reasons why. One of the biggest benefits of a reverse mortgage is that they allow you to turn your home's...
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 to pay off the mortgage. To help avoid these difficulties, it's essential to explore all financing options. You may be surprised...
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 national reverse mortgage lenders association saw a 34% year-over-year increase in interest in these types of loans. What's driving this...
Popular Posts
Your Guide to Types of Reverse Mortgages, and How to Choose Between Them
Did you know that people who are at least 62 years old qualify for a certain type of mortgage that others don't? This is known as a reverse mortgage, and it comes with numerous benefits that you can't find through traditional loans. Not everybody understands what to...
Comparing a HELOC vs Reverse Mortgage Loans
The average property value in the United States has risen to almost $350,000 in 2022. With home equity growing at these rates, reverse mortgage loans are a great source of funds for homeowners around the country. When it comes to home equity loans, two clear options...
What is a Jumbo Reverse Mortgage?
The majority of older Americans are in debt, as high as 70%. If you are a homeowner over the age of 55, you may be able to get a jumbo reverse mortgage to help with your debt. A jumbo reverse mortgage allows you to tap into your home equity, giving you the option of...