A home appraisal is an important tool to determine your home’s current market value when selling or refinancing, applying for a home equity loan, appealing a tax assessment, or taking out a reverse mortgage. A change in life circumstances
Aug 11, 2023 | Reverse Mortgage
Reverse Mortgages: A New Way to Tithe Seniors age 62+ that have more than 50% equity in their home, might be able to tithe using a reverse mortgage. Reverse mortgages are a type of loan that allows homeowners to borrow money against the equity in their h
Aug 09, 2023 | Reverse Mortgage
Upfront and Closing Costs of a Reverse Mortgage During the origination process, there are multiple costs borrowers need to cover in order to finalize their loan. Loan proceeds can cover some, but not all of these costs and fees. Reverse Mortgage C
Jul 28, 2023 | Reverse Mortgage
1. Fight Inflation Many people on fixed incomes may find their budgets strained by inflation. Eliminating a monthly mortgage payment with a reverse mortgage can give tight budgets some breathing room. Instead of tapping investments to make end
Jul 27, 2023 | Reverse Mortgage
According to a recent Genworth study, every day until 2030, 10,000 “Baby Boomers” will reach the age of 65. And another study found that seven out of ten seniors will require long-term care before the end of their lives. However, not everyone has the fina
Jul 21, 2022 | Reverse Mortgage
