Reverse Mortgage for Seniors

  • 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.

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  • 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?

  • 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?

  • Understanding the Pros and Cons of Reverse Mortgages for Seniors

    More seniors are turning to reverse mortgages as a way of receiving supplemental income in retirement and covering the costs of aging in place. As with any financial strategy, it’s important to consider the benefits and drawbacks very carefully.

  • How to Pay for Home Care

    Home care payment options include Medicare and Medicaid plans, but VA benefits and long-term care insurance may also help pay for care.

  • Methods of Payment and Financing Options for Assisted Living

    Most seniors cover assisted living costs with savings, Social Security, retirement funds, and home equity. Some government programs and financial tools may help, too.

  • How Seniors Can Tap Home Equity for Retirement Income

    For some homeowners, a reverse mortgage may be the best way to provide retirement income or pay off debts. However, seniors have other options that may make more sense than a reverse mortgage, depending on their goals and financial situation.

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