1-866-840-0279As 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...
Nicole Hendrickson
What is Assistive Technology? 3 Advantages of Assistive Technology
As the years progress, many seniors find that performing the same activities they could once do with ease becomes increasingly difficult—whether that’s taking a long walk, listening to music, or reading the morning news. In fact, 40% of American seniors...
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 (HECM), this alternative form of financing is available to eligible homeowners over the age of 62 with...
The Advantages and Disadvantages of Multigenerational Households
In a multigenerational home, parents, grandparents, and children might all live together. While this was standard for most of history, the past century saw a dramatic increase in the number of nuclear family homes. Now, due to high housing costs among other factors,...
How to Create a Budget for Seniors on a Fixed Income in Retirement
As many working Americans approach the end of their career, they begin to worry over how to budget income for a long, full, and vibrant retirement. Living on a limited, fixed income can make it difficult for seniors to cover day-to-day costs and unexpected retirement...
Why an HECM Loan is Better Than Other Reverse Mortgage Alternatives
TABLE OF CONTENTS Downsizing Selling to a family member Refinancing Home Equity Loan or Home Equity Line of Credit (HELOC) Renting Social Security benefits & assistance programs Reduce cost of living How to make the best decision As you examine your retirement...
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How Does a Reverse Mortgage Work for Seniors?
Reverse mortgages can be a helpful way to fund your retirement. For many seniors, finding a workable retirement income solution can be a challenge. Between the costs of living, the prices of maintaining a home, and medical bills, having a source of income that you can...
Are Reverse Mortgages Safe? Facts About Reverse Mortgage Programs
Reverse mortgages can be an effective way to fund your retirement, allowing you to tap into the home equity you’ve accrued over the years and use it as a new source of cash flow. However, many people wonder, are reverse mortgages safe? Is a reverse mortgage a good...
Reverse Mortgage Age Requirements
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...