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    • 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
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Reverse Mortgage Information

Reverse Mortgage Interest Rate

Posted on June 10, 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…

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Reverse Mortgages – Learn The Facts First!

Posted on June 9, 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…

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Reverse Mortgage Counselors – Michigan

Posted on June 8, 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…

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A Reverse Mortgage Could Provide a Comfortable Retirement

Posted on June 7, 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…

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Reverse Annuity Mortgage – Tapping Into Your Equity

Posted on June 6, 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…

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The Reality Retirement Calculator – assessing needed income for retirement

Posted on June 5, 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…

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AFR – Applicable Federal Rate

Posted on June 4, 2023

The applicable federal rate (AFR) is an interest rate published monthly by the U.S. Treasury (IRS) to calculate imputed interest charges. The AFR is the rate used by the IRS to determine interest charges, even when no interest has actually been charged. The AFRs for a particular month are generally made available during the third…

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Advantages and Disadvantages Of A Reverse Mortgage

Posted on June 3, 2023

Betty and John are in their mid-seventies and are currently weighing the advantages and disadvantages of a reverse mortgage as a way of freeing up some cash. The couple purchased their home 45 years ago for about $14,000 since then home values have skyrocketed and recent single family homes in their neighborhood have been selling…

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Met Life Predicts Surge in Reverse Mortgages

Posted on June 2, 2023

In a recently released study, Met Life predicts that the demand for reverse mortgages will grow: As for financing boomer housing in retirement, the use of reverse mortgages will become more prevalent, especially since boomers have invested heavily in their homes. Since, with reverse mortgages, both husband and wife (or domestic partners) can remain in…

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Use a HELOC to Step Into a Reverse Mortgage

Posted on June 1, 2023

Reverse mortgages are financial tools specifically designed to help seniors tap their home equity for retirement income. But they have two big drawbacks: 1) fees and expenses in relation to loan amounts are very high and, 2) they are aged-based loans meaning that the younger the borrower, the smaller the loan amount available. You need…

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Recent Posts

  • 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
  • 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

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