Tag: reverse mortgage questions

The New Reverse Mortgage when your home doesn’t love you anymore

The New Reverse Mortgage the solution when your home doesn’t love you anymore. When Pam finally contacted us, she was almost at the end of her rope. “I’m calling for my parents, they insist on staying in their home but they’re both struggling to get around and I’m afraid they’ll get hurt with their current…

How does The New Reverse Mortgage protect my home?

How does The New Reverse Mortgage protect my home? The simple answer is you do, by purchasing a reverse mortgage insurance policy. This policy is part of your closing costs when obtaining The New Reverse Mortgage. Unlike traditional mortgage insurance which is protection for lenders, The New Reverse Mortgage insurance is protection for you and…

How much do you need for a secure retirement?

Do you have $1 million saved for a secure retirement? A recent Huffington Post article proclaimed that retirees need $1 million dollars to have a secure retirement. No doubt that’s probably true but what about the rest of us? Don’t have your million saved yet? The good news is there are enough other retirement rules…

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…