Tools and resources for a better,
more financially secure retirement.
We understand that planning to secure your financial future can be overwhelming, which is why we’ve simplified things for you. Browse through our articles to better understand the importance of home equity in a retirement plan, how different solutions work, and the various ways you can access your equity for a more secure future.
10 Ways You Can Improve Your Mental Health at Home
If you’re like many Americans, you may feel that 2020 pushed you to the breaking point. It was back in August 2020 that the Centers for Disease Control and Prevention reported that more than 2 in 5 U.S. residents reported struggling with mental or behavioral health issues associated with the coronavirus disease 2019 (COVID-19) pandemic.1 […]Read More
10 Facts About Reverse Mortgages That People Tend to Overlook
Until you were eligible for Social Security and Medicare, or approaching the age when you would be, you may not have known exactly how these two pillars of retirement worked. You may not have understood, for example, that Medicare isn’t free or that for every year that you delay taking Social Security past full retirement […]Read More
What is a Shared Equity Agreement and How Does It Work
You’re a big proponent of reverse mortgages. You saw how one gave your parents the extra cash they needed to stay in and fix up their home, pay off bills, and have enough money to travel and see you and the grandkids whenever they wanted. Of course, they were still required to stay current with […]Read More
Are Heirs Responsible for Reverse Mortgage Debt?
If you are the heir of a reverse mortgage borrower who has passed away, you are not personally responsible for paying off the debt, but you are in a position to decide how the debt is paid. You have several options and should select the one most advantageous for your situation. Here are the options: […]Read More
Consider All Financial Options Before Raiding Your Retirement Accounts
The coronavirus has spread well beyond being just a health crisis. Fallout from the virus has also forced Americans to grapple with how they are going to pay their mortgages, rent, and put food on the table as unemployment trends hold steady. The U.S. government has responded with an unprecedented economic package totaling trillions of […]Read More
10 Facts Heirs Need to Know About Reverse Mortgages
If a reverse mortgage borrower sells the home or moves away permanently, the loan becomes due and payable. But the truth is, most reverse mortgage borrowers use the loan to age in place, leaving repayment of the loan to their heirs. As with any mortgage, the borrower could be subject to foreclosure for reasons including […]Read More
Why You May Need to Act Now While Interest Rates Are Low
Seize the moment! Remember all those women on the Titanic who waved off the dessert cart. – Erma Bombeck One of the biggest stories of 2020 was the record-low mortgage rates that continued to favor borrowers. Mortgage rates fell to record lows 16 times throughout 2020, feeding a home purchasing and refinancing frenzy.1 Driving the […]Read More
The Fresh Start Initiative
A long time ago, in a galaxy, far, far away, you might have been debt free. Maybe it was before you bought your first car, went off to college, bought a home, or started buying nice things to fill your home. Or maybe it was before you were handed a jaw-dropping medical bill you simply […]Read More
Ideal Candidates for a Reverse Mortgage
There may be as many reasons to consider a reverse mortgage loan as there are people at least 62 years old — the minimum age to apply for one. That’s because each older American is unique, with diverse financial needs and goals. The first reverse mortgage in 1961 went to a widow whose wish was […]Read More
Retain Your Home and Age in Place in Uncertain Times
Homeownership offers many advantages, not the least of which is the opportunity for appreciation, an increase in your home’s equity over time. For example, a median-priced home in the Minneapolis/St. Paul area was about $164,000 in 2011. By July 2020, the median home price in the same Twin Cities metro region was $305,000, an increase […]Read More