Reverse Mortgages

Explore reverse mortgage pros and cons and get reverse mortgage explained.

A reverse mortgage is a loan. You are borrowing against your home equity. However, unlike traditional mortgages, with a reverse mortgage you do not have to pay back the money borrowed as long as you are living in the home.

When you get a reverse mortgage, you are borrowing your own home equity. (Home equity is the difference between what your home is worth and the amount you owe on your home.) So if your home is appraised at $300,000 and you still owe $50,000 on the mortgage, then you have $250,000 in home equity.

Use a reverse mortgage calculator to estimate your own loan amount. These systems estimate the amount of money you get with an equation using the appraised value of your home, the amount of money you owe on the home, your age and current interest rates.

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The Big 4 Benefits of a Reverse Mortgage!

Reverse mortgages actually have 4 big benefits, all helping you with retirement! How to Get the Best Reverse Mortgage Loan Amount Getting a mortgage is one of the biggest financial decisions you’ll ever make. Shop around to find the best rate and lowest fees. Click here to quickly find out if you qualify and how…

October 16, 2020

Pros and Cons of a Reverse Mortgage During the Pandemic Crisis

Explore reverse mortgage pros and cons for this stressful time. Can the loan improve your emotional and financial well being? Is it right for you now?

September 18, 2020

Are Reverse Mortgages a Colossal Mistake?

Securing a reverse mortgage CAN be a great decision. There are also potential downsides. Find out if a reverse mortgage is right for you or a big mistake.

August 21, 2020

Disappointed by Your Reverse Mortgage Amount? Do This to Make the Most of this Loan!

Reverse mortgages actually have 4 big benefits, all helping you with retirement! How to Get the Best Reverse Mortgage Loan Amount Getting a mortgage is one of the biggest financial decisions you’ll ever make. Shop around to find the best rate and lowest fees. Click here to quickly find out if you qualify and how…

July 10, 2020

Can You Get a Reverse Mortgage on a Condo? Here’s What You Need to Know

Reverse mortgages enable you to convert your home equity into cash, but while most homes are eligible, some are not. If you live in a condominium, your property and homeowners’ association may need to meet certain additional requirements in order for you to get a reverse mortgage. While not all condos are eligible, there may…

June 12, 2020
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Reverse Mortgage Disadvantages and Advantages

For many people, a Reverse Mortgage is a good way to increase financial well-being in retirement – positively affecting quality of life. And while there are numerous benefits to the product, there are some drawbacks — Reverse Mortgage disadvantages.Reverse Mortgages are providing improved financial security, a better lifestyle and real financial relief to thousands of…

June 3, 2020

New Reverse Mortgage Calculator: How to Assess Your Suitability for these Loans

Should you get a reverse mortgage? Click here to learn about the criteria you should consider when evaluating your suitability for these loans.

May 15, 2020

Is Tom Selleck Telling the Truth About Reverse Mortgages?

If you watch TV at all, you have seen an ad featuring Tom Selleck talking about reverse mortgages. Is he telling the truth? Get the real scoop here…

April 24, 2020

When is the Best Time to Get a Reverse Mortgage? Wait or Act Now?

All potential borrowers ask “when should I get a reverse mortgage?” While there is no one right answer, here are guidelines to help you figure it out…

March 6, 2020
how do you qualifiy for a reverse mortgage

How Do You Qualify for a Reverse Mortgage?

Qualifying for a reverse mortgage is relatively straightforward. There are age, type of house and financial qualifications. Find out if you are eligible.

February 14, 2020
should I get a reverse mortgage?

Should I Get a Reverse Mortgage?

More and more seniors are asking themselves: “Should I get a reverse mortgage?” A reverse mortgage is a loan against your home that you do not have to pay back as long as you live there. You or your estate pays the money back plus interest when you die, sell your home, or permanently move…

January 24, 2020

How to Get the Best Reverse Mortgage

If you want to stay in your home and either increase your financial flexibility or get money now, follow these 7 steps to the best reverse mortgage for you.

January 10, 2020

Retirement Planning: How to use Home Equity to Insure Your Retirement

We all worry about money and our financial future. And if you are approaching retirement, then your concerns are probably heightened. In today’s financial environment, few things are sure. In retirement, you require your existing assets to be stable and predictable, since you are not making money from work (or making less from work).For both emotional…

June 3, 2019
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The Truth About Home Ownership and Reverse Mortgages

In following up with consumers who have visited Boldin’s Reverse Mortgage Calculator, it seems that an alarming number of people have a mistaken impression about who owns the home after a Reverse Mortgage has been set up. A Reverse Mortgage can enable you to access extra cash and feel the freedom of owning your home…

April 24, 2019

Pros and Cons of a Reverse Mortgage During the Pandemic Crisis

For many people nearing retirement age, home equity is usually the single largest component of net worth.  And, it can be a valuable contributor to retirement and financial well being — especially during this pandemic and time of monetary strain. You can tap home equity by downsizing, securing a reverse mortgage or getting a home…

January 12, 2019

When is the Best Time to Get a Reverse Mortgage? Wait or Act Now?

All potential borrowers ask “when should I get a reverse mortgage?” While there is no one right answer, here are guidelines to help you figure it out…

October 21, 2018
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14 Important Reverse Mortgage Facts

Do you know your reverse mortgage facts? More and more people are becoming aware of reverse mortgage as an option for tapping their home’s equity. Maybe you heard about the loan on a personal finance blog or from Tom Selleck on late-night TV. However, what is really true? With all of the buzz about retirement…

October 21, 2018

Can You Benefit From Refinancing Your Reverse Mortgage?

Often times, a reverse mortgage transaction involves refinancing an existing “forward” mortgage into a reverse mortgage. However, it’s also possible to refinance an existing reverse mortgage to achieve a different interest rate or loan terms. Is reverse mortgage refinancing a good idea? A reverse mortgage is a loan that enables homeowners aged 62 or older…

July 17, 2018
reverse mortgage

Bumpy Road in Retirement? Learn How a Reverse Mortgage Can Be Your Spare Tire

The road in retirement can have all sorts of twists, turns and probably some pot holes.If you’re not prepared, these bumps have the potential to derail your financial security. However, you can have a contingency plan for when the path gets rocky. A reverse mortgage can be a spare tire for your retirement — there…

July 3, 2018

Two Reasons to Get a Reverse Mortgage Now Instead of Later

Used wisely, getting a reverse mortgage early in retirement can result in getting more out of both the reverse mortgage and your investments at the same time. If used strategically, reverse mortgages can be valuable financial planning tools to help retirees cover a variety of lifestyle expenses and can also strengthen the spending power of…

April 29, 2018

Reverse Mortgage Myths Debunked — You Still Own Your Home and Have Home Equity

For some homeowners over 62 years old, a reverse mortgage can be a great option for improving retirement finances and quality of life. There are, however, quite a few misunderstandings when it comes to these complex financial products. In this article we will debunk a couple myths so you can more clearly decide if a…

March 23, 2018

Reverse Mortgage Disadvantages and Advantages: Your Guide to Reverse Mortgage Pros and Cons

Do the pros outweigh the cons? Get unbiased info on disadvantages advantages and – details on fees, interest rates, loan amounts and more…

January 20, 2018

Here’s How Your Home Can Write You a Monthly Check for the Rest of Your Life

The oddly named ‘tenure payment’ is a fixed monthly payment you can getfor as long as you live in your home. Reverse mortgages have been gaining greater attention from financial planners because they can be incorporated into retirement income plans. One of several strategies enables homeowners to use a reverse mortgage to receive monthly cash…

December 24, 2017
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2022 Reverse Mortgage Lending Limits Increase: More Money for Some Borrowers

The government raised reverse mortgage lending limits to an all time high. Does this mean more money for you? It depends…

December 2, 2017

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