Tag: retirement planning

Reverse Mortgage to the Rescue – unlocking your trapped equity

In my 35 years in the mortgage business I’ve learned that homeowners hold this to be self-evident; When I need a mortgage my home equity will rise and interest rates will drop.   If only that were always true! Home equity, like stock prices and interest rates are subject to the mood swings of the…

If you love your home, a Reverse Mortgage might be just what you need

Do you love your home, your neighborhood and your neighbors? Are you comfortable, and plan to stay put through your retirement years? Does the thought of packing up all of your belongings, hiring a moving company,moving to an unfamiliar house and neighborhood in Orange County sound like more aggravation than you’re ready for? Reverse mortgage is…

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…