Reverse mortgages can be a great way to fund your retirement, whether as your primary form of retirement cash flow or as a supplement to retirement savings, Social Security, or pensions.  However, not everyone is eligible for a reverse mortgage, also known as a home...

Reverse mortgages are a great way to secure a steady stream of retirement income, whether as your primary source of funding or as a supplement to other forms of cash flow. However, given that many retirees plan to rely heavily on reverse mortgage proceeds to fund...

Reverse mortgages allow retirees 62 years of age and older to use their home’s equity for an additional source of income. This is a valuable financial tool for senior homeowners as it provides a reliable cash flow for them to enjoy their retirement to the fullest. To...

Myth 1: You won’t own your home anymore Myth 2: You’re required to make monthly mortgage payments  Myth 3: Your children will be left with the debt  Myth 4: To qualify for a reverse mortgage, you can’t have an existing mortgage Myth 5: You won’t be able to sell your...

What Does a Mortgage "Principal" Mean? As you apply for a reverse mortgage, there will be various terms mentioned that you may be unfamiliar with. One such term you may see frequently is principal. All loans, regardless of the type, begin as principal. This is the...

There are three main types of reverse mortgages: federally insured reverse mortgages, proprietary reverse mortgages, and single-purpose reverse mortgages. While single-purpose reverse mortgages are the least common of the three, this type of mortgage is affordable and...