If you are age 62 or older, you may have heard about the possibilities associated with a reverse mortgage. While there have been some myths and misconceptions about how these loans operate, they can provide serious financial relief for those looking to increase their retirement portfolio. When you are looking to do more with your… Read more »
A reverse mortgage is something many homeowners seek out when they want to make sure they have everything they need to retire comfortably. Does this mean that the loan is only intended to help people transition away from work? You should know that you have real freedom when it comes to the money you gain… Read more »
When it comes to your retirement, you should put time and effort into planning when to leave the working world and determining how much you will need saved in order to do so. Unfortunately, even with careful planning, many retirees will have at least one significant, unanticipated cost to address. In some cases, the amount… Read more »
Homeowners enjoy greater control over their living space than renters, which can help them establish it as a place where they feel truly comfortable. Over the years, you may have introduced several changes by repainting, changing your flooring, and even remodeling. Letting go of your space and the work you put into it can be… Read more »
Because they only have limited information—or they have the wrong information—some eligible homeowners never pursue a reverse mortgage. What can you lose by not looking at the benefits of this kind of loan? Many people who near retirement age start to wonder if they really have enough to support their post-work plans. Others may discover… Read more »
Loans come in different sizes, and carry different terms. While one might be the perfect fit for your financial needs, many others will be ill suited to your circumstances and plans. Homeowners who are 62 and older are eligible for a type of loan known as a reverse mortgage. Recent changes in Texas law mean… Read more »
People build their savings in different ways. One way to grow your net worth over time is to become a homeowner, something that provides you stability and a place to call your own along with the opportunity to grow your equity. For qualifying homeowners ages 62 and older, the equity built up through the years… Read more »
People look at their retirement in different ways, and that can affect the kind of work they need to put into preparing for life after work. Some will need to set more aside to create a travel budget, while others may have hobbies that require their own funding. Even a person who feels their plans… Read more »
As a homeowner, your residence provides more than just shelter—paying off your mortgage allows you to build equity. You can use that equity in different ways, which can prove key for financial matters like investing and retirement planning. One way to do so is to take out a reverse mortgage. People who qualify can use… Read more »
The start of the new year can open you up to many new opportunities. It is also a great time to set important goals for yourself. Those Texas homeowners who turn 62 this year will become eligible for a reverse mortgage. If this group includes you, pursuing this type of loan is an exciting opportunity… Read more »
