Blog
When Mortgage Rates Rise… Reverse Mortgages Play by Different Rules
Turn on the news today and you’ll hear plenty about mortgage rates, the 10-year Treasury, inflation, and what it all means for homebuyers. Most homeowners immediately think, “Higher rates mean higher monthly mortgage payments.” That’s absolutely true for a traditional mortgage. But reverse mortgages play by a completely different set of rules. While both traditional […]
What Has Waiting Ever Done for Us?
Why do we wait? We wait for the right time. We wait for things to get a little better. We wait until we feel completely certain. And sometimes waiting does make us feel better. Sometimes, looking back over a short period of time, we can even point to a small benefit and say, “See, waiting […]
The Cash Buyer Mindset Needs an Upgrade After Age 62
For decades, paying cash for a home has been viewed as the ultimate financial achievement. It’s often seen as the safest, smartest way to enter retirement: eliminate debt, own your home outright, and enjoy peace of mind. Here’s my unpopular opinion: that mindset deserves a serious upgrade. Once you approach retirement, especially after age 62, […]
The Race Between Home Appreciation and a Reverse Mortgage Line of Credit: Which Grows Faster?
When homeowners think about building wealth, they usually think about one thing: home appreciation. It’s true—real estate has been one of the most reliable long-term investments in America. But there’s another asset that often gets overlooked: a reverse mortgage line of credit. What surprises many homeowners is that an unused Home Equity Conversion Mortgage (HECM) […]
Aging in Place with Confidence: How a Reverse Mortgage Can Help You Navigate Retirement’s Biggest Challenges
Retirement should be about enjoying the life you’ve worked so hard to build, not worrying about whether your income will keep up with rising expenses. Yet for many homeowners, today’s retirement landscape presents new financial challenges. Social Security changes, inflation, healthcare costs, and the desire to remain safely in the home they love can place […]
What Happens in The End? My Mother’s Story
This is just one scenario, but I am feeling this is very poignant right now for me personally as one of the most important people in my life, my mom, has a reverse mortgage and has decided to move closer to her favorite son! Yes, I am referring to myself, but the important thing here […]
“Let’s Wait and See What the FED Does”.
I want to emphasize that this is never a “you have to do this” situation for me. My goal is to educate people so they can make informed decisions. I believe this approach is much better when homeowners choose to act because it’s advantageous, rather than feeling forced with no other options. This strategy can […]
“Oh, you all take the home!”
That’s what I heard from a vendor at a professional event for financial advisors and insurance professionals. It was another reminder that many people still don’t know how a reverse mortgage works. And just how helpful this type of mortgage is to thousands of Americans in their retirement. As a housing wealth advisor, that statement […]
Using the HECM to Help Manage Finances in Our Golden Years
Remember the old saying “The only two things guaranteed in life are death and taxes”? I don’t want to be that blunt, but there are some things that are guaranteed, and I am going to address 3 of them as they apply to homeownership and aging. Let’s look at growing older: As we grow older […]