The accrued equity in your home can help fund your retirement. The four reasons why a reverse mortgage make sense for retirement are: No Credit Requirements A reverse mortgage is not based upon your credit rating. However, your credit history will be checked for state and federal tax liens. No Income Requirements Whether you […]
A mortgage’s effective rate is applied not just to the loan balance, but also to the overall principal limit, which grows throughout the duration of the loan. Research points to this growth as a valuable way reverse mortgages can contribute to a retirement income plan. Read the full article by Dr. Pfau on Forbes.com >
REALTORS® looking to Increase Their Sales are INVITED to Learn a Little Known Strategy to Help Senior Homeowners Downsize to Increase Retirement Income Security. Tap into the fastest growing segment of our population (10,000 Americans are turning 65 each day). Join us to learn the Ins & Outs of building your business with the local […]
As retirement nears, many older couples consider refinancing their mortgage on their current home. But there may be better financial options. One is the equity conversion mortgage (HECM) for purchase, a type of reverse mortgage. It could allow you to downsize your current home, buy a new one, and eliminate monthly mortgage payments. Read more about the […]
Do you know you can change your financial position by downsizing your home? The link below illustrates how you can sell your current home, and then increase your investable assets when you purchase a new one. Read more to find out how you can eliminate monthly mortgage payments and increase cash flow during retirement: Downsizing For […]
