Getting preapproved for a mortgage isn’t an easy process, but getting your finances in order ahead of time can help make the process go smoother. Here are seven essential steps for preparing your finances and ensuring an efficient mortgage-application process.
Reverse mortgages and annuities are both tools to help you maintain a steady income in retirement. But which of these tools is the best fit for your retirement planning? Here’s what you need to know to figure it out.
A reverse mortgage allows seniors to receive money while continuing to live in their home. But does that money count as income, and can it affect eligibility for Social Security, Medicare, Medicaid or other benefits?
Here’s how to navigate reverse mortgages and their complex interest rates to help you get the best deal.
A reverse mortgage can get you cash in hand for the equity built in your home. Understand the up-front and ongoing costs associated with reverse mortgages.
Tapping equity is one way to finance a home-renovation project, and seniors may look to reverse mortgages to either stay in their home or purchase a new one.
Reverse mortgage loan funds may be received in a lump sum. See the details of how this money may be used.
What you need to know about selling a home that has a reverse mortgage.
Lenders seeking to offer reverse mortgage loans must take these steps to become qualified.
Reverse mortgages calculators can help you determine whether you may qualify for a loan. Do the research, and a bit of math, before signing.
The process of getting a reverse mortgage can be confusing. Seniors seeking a reverse mortgage must attend counseling on the programs to help ensure they know all the steps and risks.