Kiplinger: Why Retirees Should Consider Using a Reverse Mortgage for Cash Flow

Retiring without having to make regular mortgage payments is a big dream for many retirees, but is becoming increasingly unattainable for many Americans looking to transition out of work. This is one of the core reasons why home equity broadly – and reverse mortgages specifically – could be a viable option for a senior looking… [Read More]

Retire Big And Go Home Happy

If you are a senior with plans for relaxation and leisurely days throughout your retirement, it’s time to start planning. While many of your contemporaries may be talking about downsizing during their golden years, that’s not always the answer. Sometimes, the answer is to find more space and use each square foot to live your… [Read More]

AP: Reverse Mortgage an Option for Seniors Suddenly in Retirement

An increasing number of unemployed people who identify themselves as “retired” have been thrown out of work due to the ongoing economic impacts of the COVID-19 coronavirus pandemic. For those who find themselves suddenly in retirement, it’s important to find options which can assist with cash flow, and in some cases this can include a… [Read More]

Reverse Mortgage an Option for Seniors Suddenly in Retirement

An increasing number of unemployed people who identify themselves as “retired” have been thrown out of work due to the ongoing economic impacts of the COVID-19 coronavirus pandemic. For those who find themselves suddenly in retirement, it’s important to find options which can assist with cash flow, and in some cases this can include a… [Read More]

U.S. News: Things to Consider Before Getting a Reverse Mortgage

Reverse mortgages can serve as a potential path for older Americans to gain access to additional cash in retirement, but there are several considerations a retiree should make before applying that are both pros and cons. This is according to a new column published this week in U.S. News & World Report. A primary advantage… [Read More]

CNBC: Reverse Mortgages Can Help Seniors Retire Where They Want

Making the decision about where and how to spend retirement can be difficult for many American seniors, often dictated by the amount of resources a retiree has access to. One of these decisions can involve either moving — into a new home or an assisted living facility at the appropriate time — or choosing to… [Read More]

Mortgage Professor: How to Use a Reverse Mortgage to Avoid Poverty

For someone who has used existing assets to pay off an existing mortgage on their home, the use of a reverse mortgage line of credit would be an effective way to prepare for a person’s older years and to avoid premature exhaustion of assets, which can lead to poverty. This is according to Jack Guttentag,… [Read More]

New York Times: In Family Retirement Planning, Reverse Mortgages Could Present a Solution

With the impact of the COVID-19 coronavirus pandemic still a persistent presence in the everyday lives of Americans, more adult children and retired parents are spending time together, which makes for an optimal moment for retirees to talk about their finances with their children. A reverse mortgage can be one such solution for retirees to… [Read More]

L.A. Times: Reverse Mortgage an Option After Pandemic Job Loss

A reverse mortgage is one possible option for a person aged 62 or older who has experienced a job loss as a result of the COVID-19 coronavirus pandemic, but the viability of the option is highly dependent on the individual situation of the senior in question. This is according to Liz Weston, a certified financial… [Read More]

Forbes: Home Equity Can Help Solve the Retirement Crisis

As the United States continues to endure a retirement crisis that has only been exacerbated by the COVID-19 coronavirus pandemic, the home is an asset with continuously understated potential to assist with cash flow for retirees. This is especially true considering that the home is likely to be the largest asset that the majority of… [Read More]