0.6% or 5.5% growth on your savings?
So much of our lives are spent in preparation for retirement. As young people, we are taught to get a good education so that we can earn enough to live comfortably and get money saved for the future. Once we graduate and get a good job, we begin to put…
How much money is left to your kids after a Reverse Mortgage?
Have you ever thought about a reverse mortgage but worried you wouldn’t leave an inheritance for your kids if you got one? If you tell one of your friends you are thinking about getting a reverse mortgage, you might hear, “Don’t do that, they will take your home.” Even trusted…
How is my Reverse Mortgage cash out figured?
Reverse Mortgages (RM) are becoming an essential tool to fund retirement. A RM allows those 62 and older to access a percentage of home equity to primarily eliminate a mortgage payment and secondarily have access to cash. Money can be received in a lump sum payout, monthly payout, it can be left in…
