For many people, owning a home is a stable way to manage their money. When your net worth is tied up in your home, it can also feel limiting. Once you reach the age of 62, you have an additional tool at your disposal to manage your money in a different way. HECM loan reverse… Read more »
If you have heard about reverse mortgages, you might be more familiar with their ability to help boost a retirement account, but there are other advantages to this kind of loan. Reverse mortgages help you to convert the home equity in your current home into cash that you can use for a variety of purposes,… Read more »
If you are like many, much of your net worth is tied up in your home. While this can be a safe place keep your money, and you love your house, you might want to use some of this capital to supplement your retirement income. HECM loan reverse mortgages help you to convert your existing… Read more »
As more and more seniors turn to HECM loans to have more control over their retirement accounts, there has been more discussion about them in the broader public. This also means that there are more misconceptions about them, and some of these can be difficult to dispel. In order to make the decision that is… Read more »
Once you reach the age of 62, you have an additional tool in your financial toolbox. This is called a HECM loan, which is a federally insured form of reverse mortgage, and it brings new possibilities to your portfolio. One way that seniors are taking advantage of this type of loan is in the purchase… Read more »
Many seniors have a significant portion of their net worth tied up in their home. While there are definitely advantages to this approach, it also means that you cannot move your money around as easily as with other investments. If you have reached the age of 62, however, you have another tool at your disposal… Read more »
If you are like many retired families, a large portion of your net worth is tied up in your home. While there are benefits to having a stable place to keep your money, this can limit you when you make decisions regarding your investments. When you reach the age of 62, there is a way… Read more »
If you are like many seniors, then a big part of your net worth is tied up in real estate. Unfortunately, for most people, this real estate is their home! When you want to have more control of your finances, talk to a team of trusted financial advisors about whether a reverse mortgage is right… Read more »
When you reach the age of 62, more possibilities become available to you, including an FHA-backed HECM loan. This is commonly called a reverse mortgage, and it can help you by converting your existing home equity into cash. Unlike traditional home loans, you do not have to pay these off on a standard schedule. Instead,… Read more »
When you own your home, you have a powerful financial tool at your disposal. For seniors who have reached the age of 62, you have the opportunity to convert your home equity into liquid capital for a variety of uses. This money can help you to increase your retirement savings or even purchase a second… Read more »
