by sgomes | Aug 23, 2024 | Finance, Reverse Mortgage
If you have potential gaps in your plan for retirement income, you might consider adding part of your home equity to your planning. Over the past several years home values have increased dramatically across the US. In response to this, many retirement planners are...
by sgomes | Jan 5, 2024 | Home Equity, Reverse Mortgage
Over the past decade we have assisted numerous reverse mortgage borrowers and have seen a pattern of how the funds are being used. If you’ve read prior blogs on this type of home loan, you already know that funds from a reverse mortgage can be accessed in many ways....
by sgomes | Dec 22, 2023 | Reverse Mortgage
According to the annual report compiled in 2022 by the government oversight bureau known as the Consumer Finance Protection Bureau (CFPB), there were a total of 1,066,665,967 consumer financial complaints filed. Out of that staggering number that well-exceeded one...
by sgomes | Dec 8, 2023 | Housing, Mortgage, Reverse Mortgage
Modern reverse mortgages are a type of loan that allows most homeowners who are at least 55 years old to borrow against their home equity. Unlike a regular forward mortgage, monthly loan payments are completely optional. Simply put, you have the flexibility to treat...
by sgomes | Dec 1, 2023 | Finance, Home Equity, Reverse Mortgage
A reverse mortgage can be an important part of retirement planning for wealthy retirees that have a substantial amount of home equity. It is a financial product that allows you to access part of the equity in your home while you are still living in it. This is equity...
by sgomes | Nov 3, 2023 | Housing, Mortgage, Reverse Mortgage
Undertaking unexpected home maintenance and renovation projects in retirement could negatively impact seniors’ budgets. More homeowners are turning to home equity lending — especially home equity lines of credit (HELOCs) and home equity conversion mortgages (HECMs) —...
