Reverse Mortgage for Seniors
A loan borrowed against the value of one's home. The agreement allows eligible homeowners of at least 62 years of age to borrow against available equity while the person remains in the home. The loan must be repaid at the time of death or either the primary residence has changed or the home is sold.
Reverse Mortgage Articles
Using a Reverse Mortgage Loan to Age in Place
A reverse mortgage loan is one option that may deserve consideration as retirement needs grow and savings and Social Security benefits may not be enough to retire on comfortably and with confidence.0 Comments
The Ins and Outs of a Reverse Mortgage Loan: Is It Right for You?
A reverse mortgage is a type of home equity loan for seniors age 62 and older that is used to turn a portion of their home equity into cash. Is this financial planning tool right for you?0 Comments
How Reverse Mortgages Affect Medicaid
Seniors are pitched the benefits of a reverse mortgage as a way to "unlock" the equity in their home. However, what happens when they need a higher level of care, can no longer live in the home or try to qualify for Medicaid?25 Comments
Understanding the Pros and Cons of Reverse Mortgages
Reverse mortgages are becoming increasingly popular ways for seniors to increase their cash flow and cover costs. As with any financial strategy, it’s important to consider the benefits and drawbacks of this method for increasing retirement income.12 Comments
Reverse Mortgage Questions
Should i get a reverse mortgage or medicaid for my folks caregiver costs instead of using credit cards?2 Comments
Who gets paid first when a house is sold, Medicaid or Reverse Mortgage?17 Comments
Can my mom demand to be discharged from the NH in her condition?14 Comments
Urgently need advice on how to talk finances.5 Comments