If you own your home (or most of it), a reverse mortgage may be able to help. It can eliminate your existing mortgage payment and […]
Why a reverse mortgage may be worth it for seniors right now
It’s never too late to explore ways to make extra money. With so many ways to make passive income and multiple side jobs, it can be simple to […]
Here’s why Americans remain pessimistic despite a strong economy.
Inflation is lower- well not really lower but the annual inflation rate has slowed. We covered that subject in our February 20th blog post ‘Don’t […]
The CPI sleight of hand
Yeah! The consumer price index for January only increased 3.1% higher than one year ago! Is this reason to celebrate? Not necessarily. Welcome to the […]
Living on Social Security alone isn’t ideal, but it’s the reality for millions of seniors.
The average Social Security retirement benefit in 2024 is $1,906 per month, which works out to $22,872 per year. Ideally, that money serves as a […]
Telling older people to ‘work longer’ doesn’t help people who can’t afford to retire.
In April 2023, Betty Glover, a 91-year-old grocery store clerk in Oregon, was finally able to retire after a GoFundMe campaign raised $82,000 for her. […]
Is a Reverse Mortgage a ‘crazy-butt idea’?
Don’t explore those options! Reverse mortgage professionals are well familiar with Dave Ramsey’s dim view of reverse mortgages. When Dina, a caller to The Ramsey […]
What Is a Reverse Mortgage and How Does It Work?
A reverse mortgage is a type of loan available to eligible homeowners, usually 62 and older, who own their primary residence outright or have significant […]
More than 4 million people will turn 65 — a common retirement age — in 2024, and they face some pressing challenges.
You may know that according to the Chinese zodiac, 2024 is the Year of the Dragon. It’s also the year of the African violet, according […]
How To Get Equity Out Of A Paid-Off House
Paying off a mortgage is a huge milestone. It usually takes years to accomplish, but you finally own your property free and clear. Plus, you […]
Refinancing vs. Reverse Mortgage: Which One?
When managing your home finances, various options are available to homeowners. Two popular choices are refinance mortgages and reverse mortgage. Each serves a distinct purpose, […]
The Adaptability of Jumbo Reverse Mortgage Loan on Market Conditions
In the dynamic realm of financial instruments, Jumbo Reverse Mortgage Loans stand out as a beacon of adaptability, particularly when navigating the ever-changing currents of […]
What is a reverse mortgage?
A reverse mortgage is a type of loan available to seniors 62 and older who own their home. With a reverse mortgage, you can receive […]
How Retirees Can Downsize In Today’s Housing Market
Rising prices, higher interest rates and a tight supply of smaller homes present challenges. But retirees have an edge If you spent your teenage years […]
How to get equity out of your house — without harming your finances
Due to rising home values, the average homeowner gained an additional $20,000 in home equity between the third quarters of 2022 and 2023, according to […]