Most older homeowners know about the Reverse Mortgage Loan, but many still do not know about the Reverse Second Mortgage Loan.
I have completed several of these loans, and in all cases the clients were in their 70s. The traditional … Read the rest
Will a Reverse Mortgage Eat Your Equity?
The idea that a reverse mortgage will automatically “eat up all the equity” in a home is one of the most common misconceptions I hear. As this example shows, even with an interest rate of 8.95% and no payments being … Read the rest
2025 Reverse Mortgage Income Myths in California Busted: What Really Counts & What Doesn’t
Introduction
If you’re over 62 and own a home in California, chances are the phrase “reverse mortgage” stirs up a mix of curiosity and unease. Maybe you’ve heard whispers: “You won’t qualify unless your income is high,” or “If you … Read the rest
Columnist: Reverse Mortgages Can Improve Retirement Security
In a recent story titled How to Create a Retirement ‘Paycheck,’ syndicated columnist and certified financial planner Liz Weston recommended strategies for improving retirement security that included getting a reverse mortgage.
After first discussing income annuities, Weston added, “Another option … Read the rest