People often think that applying for a reverse mortgage is complicated, but it’s really a simple and straightforward process. Here are the five steps you’ll need to follow to take advantage of this financial program for seniors: Becoming informed: Learning about reverse mortgage options until one is comfortably ready to take advantage of such a… Read More

Rising numbers of home foreclosures are taking place in Minnesota, as well as nationwide. And the elderly have not been immune from the lure of low initial “teaser” rates of adjustable rate mortgages and other inappropriate home financing programs for those on limited, fixed incomes. A reverse mortgage may help senior homeowners (age 62 and… Read More

You’ve finally made it to retirement and are ready to enjoy the good life. There’s just one problem—you would like to have more cash or savings to use for daily living expenses, travel, medical bills, home remodeling or other expenses now that your paychecks have stopped. You might think about a second mortgage or home-equity… Read More

Recently the CBS Early Show featured a financial consultant who segmented several types of senior homeowners who might find a reverse mortgage useful. The Need-Based Candidate: who has a chronic monthly cash flow crunch or is facing a major expense such as a medical or disability need, foreclosure threat, or divorce settlement. Many seniors want… Read More