Posts Categorized: Reverse Home Loans

Reverse mortgages are a popular option for retirees to access their home equity without selling their property. The loan is secured by the home’s equity and is repaid when the home is sold or the homeowner passes away. Monthly payments are also an option for reverse mortgages, in addition to lump sum or line of… Read more »

For many potential homebuyers, affordability is a primary concern when considering whether to make a purchase. Lower home prices and lower mortgage rates are two key factors that can influence affordability. However, when deciding between the two, which is the better option? This article will explore the pros and cons of each, as well as… Read more »

If you’re in the market to buy a home, you may have heard of a “piggyback mortgage.” But what is it exactly, and how does it work? In this blog, we’ll explore the benefits and risks of piggyback mortgages and help you determine if it’s the right choice for you. What is a Piggyback Mortgage?… Read more »

Purchasing a home is an exciting experience, but it can also be overwhelming. Along with finding the perfect property, you need to consider the costs involved in securing a mortgage. Understanding the fees associated with a mortgage can help you avoid surprises and better prepare financially for homeownership. In this article, we’ll dive into what… Read more »

When it comes to retirement, one of the biggest concerns for many seniors is how they will finance their living expenses. For some, this may mean tapping into the equity in their homes to help supplement their income. There are two popular ways to do this: reverse mortgages and home equity loans. Although they appear… Read more »