Author: Greg Cook

Why should you consider a Reverse Mortgage?

Why should you consider a reverse mortgage?  During our working years, most of us spent our earnings supporting our home. When we retire, it seems only fitting that our home help support us. Home equity is our most valuable asset. It may also be our most versatile asset. The money you have put into your…

You have questions, we have Reverse Mortgage Answers

1. Is it better to wait until I’m older to get a reverse mortgage?  The amount of your reverse mortgage is not based solely on age. Your Available Principal Limit (APL) is based on a combination of Principal Limit Factor (PLF), age, equity and interest rates. While you won’t get any younger, equity and interest…

What is a Reverse Mortgage?

What is a Reverse Mortgage? A reverse mortgage is a loan for seniors age 62 and older. It is also known by HECM(Home Equity Conversion Mortgages). Homeowners can convert their home equity into cash with no monthly mortgage payments. Basically, rather than having to pay your monthly mortgage bills yourself, the lender will pay off…