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Tag: reverse mortgage

  • How to Protect Yourself and Avoid Reverse Mortgage Scams

    Should you get a reverse mortgage? Avoid the scams first For people aged 62 and up, a reverse mortgage may seem like a tantalizing opportunity. After decades of sending in your monthly mortgage payments, you’re now getting money from your bank. A reverse mortgage siphons off the equity in your home and sends the cash […]

  • Housing – Still in Recovery

    Nine years after the housing bust, near retirees still hurting If you’re close to retirement and still feel like you’re recovering from the housing bust, you’re not alone. A recent report from the Center for Retirement Research shows that nearly 40 percent of all households ages 55 and over have not paid off their mortgages. […]

  • How to Cut Housing Costs in Retirement

    Most working households have just a few thousand dollars saved up for their golden years. It’s not much better for those close to retirement. Their median retirement income is just $12,000, according to the National Institute on Retirement Security’s report. The lack of savings has left many retirees scrambling to cut costs. Among the biggest […]

  • Reverse Mortgage Counseling: 3 Things You’ll Learn

    When you’re older, a reverse mortgage can turn your home’s equity into cash. Learn about how Reverse Mortgage Counseling can help you make a wise choice

  • What Are Reversed Mortgages?

    You may have asked, “What are reversed mortgages?” after seeing an ad for these loans. If so, you’re not the only one.