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Reverse Mortgages-monthly income for seniors

Reverse Mortgage

A reverse mortgage pays seniors cash and can be useful, especially when a senior intends to continue to live in the comfort of their own home. That senior can borrow money against the value of their home. No repayment of the mortgage is required until the borrower moves, dies or the home is sold. After accounting for the initial mortgage amount, the rate at which interest accrues, the length of the loan and rate of home price appreciation.

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Reverse Mortgage Program Changes

As our area’s Reverse Mortgage Specialist for our customers/home owners aged 62 and older:  I am fully trained and compliant on the new changes  to the Reverse Mortgage Program that took place on October 2nd.   It is still a great program for home owners aged 62 and older to receive extra money from their home for their […]

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Transitioning to Assisted Living or Nursing Homes Facilities

Moving to a senior care facility can be a daunting task filled with emotion and stress. Although your loved one may have moved several times throughout their life, this move is an entirely different experience for all involved.  It’s understandable that many seniors fear moving from a family home and lifetime of memories to a […]

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Recognizing the Difference between Normal Age-Related Memory Loss and Dementia

We all forget things almost every day. We’ve all forgotten items at the grocery store, mislaid our eye glasses and key, forget to call someone back, or have trouble recalling the name of last night’s movie. No big deal, that’s normal age-related memory loss, affectionately known as a “senior moment”.” But there is a point […]

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