Tips and information for living better in retirement.
The Difference Between a HELOC and a RMLOC
Many homeowners understand that they can borrow against the equity in their homes, typically with a
The Reverse Mortgage Process: A Timeline
It's difficult to say exactly how long the process to take a reverse mortgage takes, but here is a general timeline to give you an idea of what to expect.
What Is a Reverse Mortgage Maturity Event?
The term of a reverse mortgage is dependent on a number of qualifying conditions. An event that leads to these conditions no longer being met is a maturity event.
What to Expect at Every Stage of a Reverse Mortgage
If you decide to take out a reverse mortgage, you will experience different aspects of the loan as t
Can You Outlive a Reverse Mortgage?
It is not possible to outlive a reverse mortgage, however, you can outlive available proceeds. Careful financial planning can prevent running out of funds unexpectedly.
Bankruptcy and Reverse Mortgage: Impact and Considerations
The ways that bankruptcy and reverse mortgage impact each other are complicated. Here's a basic primer on how one affects the other and what it means for reverse mortgage borrowers.
HECM Versus a Proprietary Reverse Mortgage
Both HECMs and proprietary reverse mortgages are reverse mortgages. However, there are some important differences to understand before deciding which is right for you.
Jumbo Reverse Mortgages: Who Are They For?
A jumbo reverse mortgage is another way of referring to a proprietary reverse mortgage that offers a larger loan limit than a HECM. Here's what makes them different.
Reverse Mortgage Qualifications in California
Getting a reverse mortgage in California is very similar to other states with a few key differences that give borrowers extra rights.
Title and Reverse Mortgages: What You Need to Know
When you take a reverse mortgage, the title to your home remains in your name. Here's what a title is and how it works with a reverse mortgage.