Tag: new reverse mortgage

What is the New Reverse Mortgage?

What is The New Reverse Mortgage? Most folks credit Ronald Reagan for the birth of the Reverse Mortgage program in the late 1980s. However, the very first reverse mortgage was written to Nellie Young in Portland, Maine by Nelson Haynes of Deering Savings & Loan. Haynes designed this very unique type of loan to help…

Thinking about down sizing? Think right sizing!

Thinking about downsizing? Think right sizing! Thinking about downsizing now that the kids are on their own? My father once said to me: “The older you are when you have children, the older you are when they come back.” I didn’t always heed a lot of his advice but in this instance I’m glad I…

reverse mortgage lender

The five most asked reverse mortgage questions

 The 5 most asked reverse mortgage questions There’s a lot of information (and misinformation) out there when it comes to The New Reverse Mortgage. Here are the 5 most frequently asked questions. Related: The truth about the New Reverse Mortgage 1. Is it better to wait until I’m older to get a reverse mortgage? The…

Consider the New Reverse Mortgage

Why you should consider The New Reverse Mortgage

Why should you consider The New 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. Things were much simpler in our parent’s generation. The uncertainties of today’s world require thoughtful planning. A key to good planning…

retirement planning

How to Plan for the Future by Looking to the Past

Forward Planning sometimes requires looking to the past Those who cannot remember the past are condemned to repeat it. – George Santayana When we retire and drop out of the 9 to 5 workforce, it’s easy to settle in and watch the world go by. But if you’re thinking that the ups and downs of…

perfect retirement strategy

Using your home to stay at home the perfect retirement strategy?

What is the perfect retirement strategy? I’m not sure there’s a single right answer but having the peace of mind to know your retirement portfolio will last 20-30 years is a good starting point. Of course as an alternate plan you can continue to buy lottery tickets until you hit the big one. Unfortunately, in…