Skip to content
Menu
Reverse Mortgage Information
  • Site Menu
    • Home
    • A Reverse Mortgage Could Provide a Comfortable Retirement
    • Advantages and Disadvantages Of A Reverse Mortgage
    • AFR – Applicable Federal Rate
    • Home Equity Loan With a Reverse Mortgage – Your Home Pays You
    • Met Life Predicts Surge in Reverse Mortgages
    • Pay off Mortgage Question
    • Retirement Income Planning and Home Equity
    • Reverse Annuity Mortgage – Tapping Into Your Equity
    • Reverse Mortgage – Providing Peace of Mind Without Sacrificing Safety or Security
    • Reverse Mortgage Counselors – Michigan
    • Reverse Mortgage Definition
    • Reverse Mortgage Interest Rate
    • Reverse Mortgage Payment Options – Are You Prepared to Self-Insure Life Expectancy?
    • Reverse Mortgages – A Tax Free Income For Senior Citizens
    • Reverse Mortgages – Learn The Facts First!
    • Reverse Mortgages – Are They Just Plain Wrong?
    • Reverse Mortgages: Information You Need to Know
    • The Reality Retirement Calculator – assessing needed income for retirement
    • Use a HELOC to Step Into a Reverse Mortgage
    • Privacy Policy
    • Contact Us
    • Disclaimer
Reverse Mortgage Information

Reverse Mortgage Definition

Posted on March 29, 2023

Reverse Mortgages are becoming popular in America. The U.S. Department of Housing and Urban Development (HUD) created one of the first. HUD’s Reverse Mortgage is a federally-insured private loan, and it’s a safe plan that can give older Americans greater financial security. Many seniors use it to supplement social security, meet unexpected medical expenses, make…

Continue Reading

Reverse Mortgages: Information You Need to Know

Posted on March 28, 2023

Reverse Mortgages are exploding in popularity and as the baby boomers reach age 62 and beyond they will become eligible to cash in on their home equity with a reverse mortgage. A reverse mortgage is a home loan that you do not have to pay back for as long as you live in your home….

Continue Reading

Pay off Mortgage Question

Posted on March 27, 2023

Q: Love your column and interesting answers. Now we have a question. My wife and I are both 88, happily married for 68 years with 11 grandchildren, 13 great-grandchildren and two great-great-grandchildren. We owe about $42,000 on our home mortgage at 7.75 percent interest. We can easily pay it off in full. Should we? There…

Continue Reading

Reverse Mortgage – Providing Peace of Mind Without Sacrificing Safety or Security

Posted on March 26, 2023

For many seniors one of their greatest sources of security is their home. It not only provides a comfortable and familiar environment, but it provides a sense of independence and a source of many fond memories. The equity in that home represents a financial nest egg and a legacy for them to pass on to…

Continue Reading

Reverse Mortgage Interest Rate

Posted on March 25, 2023

One of the main hurdles standing in the way of widespread acceptance of reverse mortgages is their sheer complexity. One good example is the reverse mortgage interest rate. Most home owners, if asked the interest rate on their mortgage, could quickly and accurately answer – e.g. “We have a 30-year at 6.5%”. Even more complex…

Continue Reading

Reverse Mortgages – Learn The Facts First!

Posted on March 24, 2023

Reverse Mortgages, Most Common Features: Many offer special appeal to older adults because the loan advances, which are not taxable, generally do not affect Social Security or Medicare benefits. Depending on the plan, reverse mortgages generally allow homeowners to retain title to their homes until they permanently move, sell their home, die, or reach the…

Continue Reading

Reverse Mortgage Counselors – Michigan

Posted on March 23, 2023

Reverse Mortgage Tip If you’re planning to refinance your first mortgage, it may be best to hold off on getting a HELOC loan. Many mortgage companies look at the combined loan amounts when refinancing the first mortgage. If you plan on refinancing your first, check with your mortgage company to find out if getting a…

Continue Reading

A Reverse Mortgage Could Provide a Comfortable Retirement

Posted on March 22, 2023

While only comprising about 1% of all mortgages, the reverse mortgage has gained in popularity in recent years. Federally insured since the late 1980′s, the reverse mortgage allows owners of paid-off homes of at least 62 years of age to borrow against the equity in their homes in the form of a lump sum, a…

Continue Reading

Reverse Annuity Mortgage – Tapping Into Your Equity

Posted on March 21, 2023

Reverse annuity mortgages (RAM) were created to allow older Americans to tap into the equity of their paid for or nearly paid for home. Homeowners receive a tax-free payment each month, and the mortgage is paid when the home is sold. Before you choose a RAM, make sure you have evaluated the risks since this…

Continue Reading

The Reality Retirement Calculator – assessing needed income for retirement

Posted on March 20, 2023

The foremost fear of anyone in (or approaching) retirement is that they will manage to outlive their savings. Projecting your needed income for retirement is a difficult task. It requires looking into the future for decades and matching anticipated needs with the resources you expect to have available. There are hundreds of internet retirement calculators…

Continue Reading
  • 1
  • 2
  • Next

Recent Posts

  • Reverse Mortgages – Are They Just Plain Wrong?
  • Retirement Income Planning and Home Equity
  • Home Equity Loan With a Reverse Mortgage – Your Home Pays You
  • Reverse Mortgage Definition
  • Reverse Mortgages: Information You Need to Know
  • Pay off Mortgage Question
  • Reverse Mortgage – Providing Peace of Mind Without Sacrificing Safety or Security
  • Reverse Mortgage Interest Rate
  • Reverse Mortgages – Learn The Facts First!
  • Reverse Mortgage Counselors – Michigan
  • A Reverse Mortgage Could Provide a Comfortable Retirement
  • Reverse Annuity Mortgage – Tapping Into Your Equity
  • The Reality Retirement Calculator – assessing needed income for retirement
  • AFR – Applicable Federal Rate
  • Advantages and Disadvantages Of A Reverse Mortgage
  • Met Life Predicts Surge in Reverse Mortgages
  • Use a HELOC to Step Into a Reverse Mortgage
  • Reverse Mortgage Payment Options – Are You Prepared to Self-Insure Life Expectancy?
  • Reverse Mortgages – A Tax Free Income For Senior Citizens

Categorized Tag Cloud

reverse mortgage v bank home equity loan Reverse Mortgage eligibility borrowing against a home’s equity Should we pay off our mortgage? Spot Loan program line of credit traditional home equity loan How much does a Reverse Mortgage cost Before you pay off your mortgage HUD reverse mortgage HUD-approved lenders What else should I know about Reverse Mortgages? As a monthly income
©2023 Reverse Mortgage Information