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September 11, 2017 • 1 minute
Take financial wellness into your own hands and do it yourself retirement planning: easy, comprehensive, reliable.
For many years, non-borrowing spouses of reverse mortgage borrowers had few protections when the borrowing spouse passed away. That’s because the reverse mortgage, and its terms, apply only to those people who are named on the home title. For some non-borrowing spouses, that has meant they are left to repay the loan, or leave the […]
A reverse mortgage is a loan that lets the borrower access their home equity. However, many people are very disappointed by their potential reverse mortgage amount. How much money can you really get? Is the amount you can access worth it? Potential Reverse Mortgage Borrowers Are Often Disappointed If you were disappointed by your reverse […]
As you know, some seniors turn to reverse mortgages as a way to fund retirement, free up monthly cash-flow, or buy a new home. But reverse mortgages also come with pros and cons such as ongoing responsibilities of homeownership, upfront costs, or the drawing down of home equity over time that leaves less inheritance for […]