On March 31, Silver Leaf Mortgage, the Top Reverse Mortgage Broker in Colorado, was named Client of the Year by Canyon Title “For Unwavering Dedication and Service to the Elderly Community.” Silver Leaf Mortgage is proud of the work we do to help seniors stay in their homes. A reverse mortgage is about so much more […]
Lots of kids believe that a reverse mortgage is a bad idea, without knowing all the facts. Time to set everyone straight.
A Q&A of all the most common misconceptions and myths regarding reverse mortgages.
More people are using a reverse mortgage line of credit for just that, a line of credit that makes cash available for life’s unexpected turns, or just additional security that grows until you choose to use it.
The reverse mortgage is no longer the “loan of last resort.” Financial planners are increasingly seeing it as a viable and dynamic tool to hedge against the future, which for all of us, is full of unknown possibilities. Shelley Giordano, chair of the Funding Longevity Task Force, said that even at a slower growth rate, […]
“Reverse mortgages, which let retirees tap the equity they have built up in their homes, have become a better deal in recent years. And they can be valuable as part of your overall financial plan for retirement,” says researcher Wade Pfau, author of a new book, Reverse Mortgages: How to Use Reverse Mortgages to Secure […]
Reverse Mortgage – Is it the name, or the actual loan product that causes people to shy away? Apparently, it is the name! When presented with the description of what a reverse mortgage can do vs a traditional HELOC on which payments must be made, the majority of people chose the reverse mortgage. They were […]
“After factoring in supplemental insurance premiums and other uninsured health costs, the average retiree only takes home 75% of his or her Social Security benefits, according to a new study from researchers at Tufts University and Boston College. The researchers also warn that they only analyzed medical expenses, citing a 2017 paper that concluded that […]
A Reverse Mortgage is a government insured loan that allows homeowners who are 62 years or older to convert the substantial equity in their home into non-taxable income. The amount of money that will be available is determined by the appraised value of the home, the amount of equity in the home and the age […]
