Before we answer that question, it is important to understand that the amount of money that you can borrow utilizing a reverse mortgage is based on three primary factors: The age of the youngest borrower The value of your…
What do you mean we have hit the trifecta? The Federal Housing Finance Agency (FHFA) announced a record house price appreciation rate of 18.5%from the third quarter of 2020 to the third quarter of 2021. In fact, every state…
Can I pass my home to my heir(s) with a Reverse Mortgage?
Many people ask me the question, are reverse mortgages expensive? So I typically reply with asking, compared to what?
I hear clients say from time to time that retirement mortgages are confusing and I do not disagree, they can be confusing. With that being said, I would like you to imagine this…you are hungry, but you do not know…
Please check out this short video answering the question, “Will I receive a 1098 from my retirement mortgage lender?” Retirement mortgage borrowers will NOT receive a 1098 for the previous year unless: They made a partial repayment where more than…
More than half of all seniors are in jeopardy of running out of money before they die. However, many of them can avoid this risk by utilizing one of their most secure and dependable assets, their home equity.
