The Effects of Inflation on Retirement

You’ve probably seen the headlines about inflation and how it is increasing the price we pay for everyday items like gasoline, food, and healthcare. But have you considered the impact inflation is having on your retirement savings? Social Security uses inflation as a...

Baby Boomers and Managing Home Equity

More than 10,000 Baby Boomers are retiring every day. The problem is, unlike prior generations, most don’t have a defined benefit plan like a pension, so they depend on Social Security combined with an IRA or 401K. What they don’t realize is they have a third option...

Why Should I Consider a Reverse Mortgage?

You’ve worked hard and you think you’ve built up enough equity to enjoy a comfortable retirement. You’re a homeowner and you have Social Security payments to draw on, as well as an IRA or a 401K, so you’re feeling pretty comfortable about your finances. But what if...

What are Proprietary or “Jumbo” Reverse Mortgages?

A proprietary reverse mortgage, often called a “Jumbo Reverse”, is a non-FHA reverse mortgage originated by a private lender, that often has more flexible guidelines and different features than an FHA insured reverse mortgage. Here are a few ways “Jumbo Reverse...

What are the Reverse Mortgage Safeguards?

Since Congress created the FHA Reverse Mortgage in 1989, many Reverse Mortgage safeguards have been put in place to protect Senior Homeowners. Counseling by an independent 3rd party is required and typically takes about an hour and is done over the phone. A “senior...