Tag: reverse mortgage questions

I’ve fallen and can’t get up

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…

What happens to my home when I pass away?

How does the New Reverse Mortgage work when I leave my home? When the subject of reverse mortgages comes up and seniors begin discussing the pros and cons, the topic of “what happens to my home when I pass away?” is the subject at the top of the list. Unfortunately, all of this discussion (and…

I don’t have one million dollars saved for retirement

Do you have $1 million saved for retirement? A recent Huffington Post article proclaimed that retirees need $1 million dollars to have a safe and secure retirement. No doubt that’s probably true but what about the rest of us who don’t  have a million dollars? 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…