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How Are Monthly Payments Calculated On A Reverse Mortgage Calculator?

How Are Monthly Payments Calculated On A Reverse Mortgage Calculator?

Assume you're a senior thinking about taking out a reverse mortgage loan to access the equity in your home. In that case, you're likely to have a lot of questions, especially if this is your first time considering this option. It stands to reason, given t

Oct 22, 2022 | Reverse Mortgage

Reverse Mortgage Age Requirement: How Old You Have To Be To Get Reverse Mortgage Loan

Reverse Mortgage Age Requirement: How Old You Have To Be To Get Reverse Mortgage Loan

A reverse mortgage is an excellent way to use the equity in your home to supplement your income, set up a "rainy day fund," or achieve a variety of other financial goals. These products are designed for seniors who have paid off the majority of their mort

Oct 21, 2022 | Reverse Mortgage Home Equity

What The Latest Fed Rate Hike Means for Mortgages

What The Latest Fed Rate Hike Means for Mortgages

The Federal Reserve’s September interest rate hike marks the fifth straight increase in 2022. What does that mean for the mortgage world? Fed Rate Hikes The Federal Reserve is in charge of maintaining a healthy level of inflation and employment in the U.S

Oct 18, 2022 | Interest Rates

HUD Homes - Another Option for Buyers and Investors

HUD Homes - Another Option for Buyers and Investors

In today’s competitive housing market, it is smart to look at all the possible avenues for becoming a homeowner. Especially if you are a first-time buyer or have less-than-perfect credit, it can be difficult to break into the market. One option you could

Oct 11, 2022 | Purchasing a Home

How A Reverse Mortgage Can Improve Cash Flow And Your Financial Plan

How A Reverse Mortgage Can Improve Cash Flow And Your Financial Plan

Improve Cash Flow And Your Financial Plan You might not have heard much about reverse mortgages outside of AARP or daytime tv commercials. They mostly fly under the radar for three main reasons; they're not heavily promoted, they suffer from social stigma

Oct 09, 2022 | Reverse Mortgage Financial Planning Retirement Cash Flow

What Tax Deductions are Available to Homeowners?

What Tax Deductions are Available to Homeowners?

If you are interested in becoming a homeowner, you may want to know how buying a home will affect your annual taxes. There used to be a lot of talk about homeownership tax deductions, so will your taxes go down after buying a house? Here’s the scoop: Afte

Oct 04, 2022 | Purchasing a Home