When the Federal Reserve lowers interest rates, it provides an exciting opportunity for those looking to buy real estate. But what about seniors who are happy in their homes? Can lower rates help them? Refinancing or getting a home loan as a senior can be next to impossible, especially if you’re on a fixed income. […]
The Home Equity Conversion Mortgage for Purchase, or HECM for Purchase, allows seniors to buy a new home by putting a reverse mortgage on it. A reverse mortgage is a type of home equity loan that allows senior homeowners age 62 or older to borrow against the value of their homes. No repayment of the […]
Congratulations on paying off your mortgage! Now what?
A Q&A of all the most common misconceptions and myths regarding reverse mortgages.
You owe it to yourself and your family to know your options so that you can live your best retirement.
