article 1

Reverse Mortgage Loans: Too Good To Be True or a Scam?

For over half a century, reverse mortgage loans have enabled more than one million senior homeowners to convert a portion of their home equity into cash in order to supplement their retirement incomes.  Reverse mortgages offer numerous advantages to borrowers, allowing them to retain ownership and live in their homes as long as they comply with loan terms. […]

Read More
article 1

Featured Article: 4 Ways to Save Money in Retirement

For a lot of seniors, retirement is like a finish line at the end of a race. You’ve completed a lifetime of hard work, and now you can relax and devote more time to the things you love in life. But although you’ve now got more time to enjoy, the absence of a steady income may […]

Read More
article 1

HECM Update and Information: Financial Assessment

View the HUD’s updates here in full-text: Mortgagee Letter 2015 – 06 Mortgagee Letter 2014 – 22 For the last few months, the reverse mortgage industry has been preparing for a change called Financial Assessment, which was originally slated to be implemented on March 2, 2015. However, the Federal Housing Administration’s Department of Housing and […]

Read More
article 1

The Best Holiday Gift Ideas for Retirees

If you have a retiree in your life, you may be familiar with the annual head-scratching question of what to get them for holiday gifts. Finding the perfect gift for retirees can prove challenging, especially if they already have a lifetime’s worth of goods or if they are trying to downsize. So what are some […]

Read More
article 1

How to Modify Your Home to Fit Your Retirement

Now that you have reached your long awaited years of retirement, there are a few modifications you may find you would like to make. One of those modifications is adjusting your home to fit this new phase in your life. There are a few things you can do to adjust elements in your home to […]

Read More
article 1

Understanding The Closing Costs of a Reverse Mortgage Loan

A reverse mortgage loan can be an excellent financial resource for retirees. As with any type of financial tool, it is important to have a clear understanding of all of the costs associated, including closing costs and lending fees (finance charges) and applicable interest rates, before proceeding forward. In order to help you understand the […]

Read More
article 1

Activities to Enjoy with Your Family in Retirement

Retirement can be a wonderful and exciting period in your life. With this exciting era of your life comes a newfound supply of time and an opportunity to spend it with your family. With your family, you may now fully enjoy a well-earned retirement with some quality-time activities such as these: ~ With your son, set […]

Read More
article 1

The 5 Best States to Retire

You’ve finally reached your long-awaited years of retirement, and without employment obligations to hold you down, you are free to settle down to retire in any state you wish. When selecting your new home state, there are generally five key characteristics you’ll want to look for: low cost of living, low taxes, low crime rate, quality […]

Read More
article 1

5 Signs Your Parents May Benefit from Reverse Mortgage Solutions

As children of our nation’s senior citizens, you may find yourself feeling the responsibility of helping your parents with important decisions.  You may feel a bit apprehensive when you hear that your parents are considering a reverse mortgage, perhaps because you don’t know much about the loan product.  You also may not know the situations […]

Read More
article 1

5 Career Options for Retired Individuals

Retirement means something completely different for most people now than it did one or two decades ago. Instead of people aiming to retire to a warm destination to play golf all day, retirement now means starting a new business or pursuing a passion that there wasn’t time for previously due to work and other obligations. What […]

Read More