More and more people are becoming aware of reverse mortgage as an option for tapping their home’s equity. Here are 6 reverse mortgage facts to know before using this type of loan to supplement retirement income. 1. Reverse Mortgages Are for Everyone (Over 62-Years-Old) There are some restrictions on who can apply for a reverse mortgage. The primary borrower must be …

Reverse mortgages were originally designed and still aim to help seniors in need. However, reverse mortgages in 2020 are safer, stronger and better than ever before. These loans have evolved so that they now have many official protections in place to make sure that borrowers are secure. More borrowers are using the loans as a financial planning tool and not …

You might be surprised by how many people are utilizing reverse mortgages. Borrowers come from a wide variety of socioeconomic backgrounds and ages range from 62 to 95 and older. One thing everyone struggles with is when is the best time to get a reverse mortgage. While there is no one right answer, below are a few guidelines to help …

For many Americans, home equity is the single largest component of net worth. It can be a valuable contributor to retirement and financial well-being, especially during this pandemic and extraordinary time of monetary strain. The current economic conditions might make this a particularly interesting time for a reverse mortgage. What Exactly is a Reverse Mortgage? A reverse mortgage is a …