Financial Advisors Like the Reverse Mortgage Line of Credit Strategy As a financial advisor, you may be overlooking a significant planning tool… a reverse mortgage line of credit. The government regulated and insured FHA Home Equity Conversion Mortgage or HECM is designed to help seniors of every economic stratum. As recent peer reviewed studies conclude, […]
What Your Credit Score Means
Video: What Your Credit Score Means A credit score is a 3-digit number based on several factors from your financial activity. It’s used to determine your creditworthiness for things like a mortgage, auto loan, or credit card. FICO creates what’s known as a FICO Score, the most widely used credit scoring model today. While there […]
Seniors – Should You Consider a Reverse
Video: Seniors – Should You Consider a Reverse Mortgage? As they enter retirement, many seniors feel comfortable with the amount of equity they’ve built up over their working years. They think that the steady income they’ll receive from their Social Security payments, coupled with the funds from their IRA or 401K, will be enough to […]
Cash Flow from a Reverse Mortgage
Video: Cash Flow from a Reverse Mortgage Having enough cash to last to – and through – retirement is one of the major challenges facing today’s seniors. A reverse mortgage is a safe way to help senior homeowners improve their cash flow while allowing them to better “age in place” in their own home. With […]
Reverse Mortgages – Paying them Off
Video: Reverse Mortgages – Paying them Off A frequently asked question about reverse mortgage loans is, “When do I have to pay it off?” There are several scenarios regarding when a reverse mortgage would have to be paid off. The first would be when the last borrower passes away or moves out for more than […]
Do You Qualify for a Reverse Mortgage?
Video Guide: Do You Qualify for a Reverse Mortgage? If you’re considering a reverse mortgage to help fund your retirement, you may be wondering, “How do I qualify?” To be eligible for a typical reverse mortgage, you must be at least 62 years of age, but for a “Jumbo” reverse mortgage – typically used for […]
Reverse Mortgages – How to Use the Funds
Senior homeowners are using the additional tax-free cash flow generated by a reverse mortgage in many creative ways to benefit themselves and their families. Homeowners are no longer required to make a principal and interest payment, allowing them to boost their cash flow… free of income tax. The monthly payment becomes optional, giving the borrower […]
Video: Reverse Mortgages, How do they wo...
Video: Reverse Mortgages, How do they work? A reverse mortgage is a unique way for seniors who are looking to generate additional cash flow – beyond their 401K and Social Security payments – to help fund their retirement. It helps relieve the anxiety that seniors may feel about outliving their money by allowing them to […]
Renee Duval of Bookend Lending
Video Introduction: Renee Duval of Bookend Lending Renee Duval of Bookend Lending LLC, your trusted reverse mortgage specialist with nearly four decades of experience here in New Hampshire. Renee assists REALTORS®, financial advisors, and senior homeowners in navigating reverse mortgages. A reverse mortgage allows homeowners aged 62 and older to use part of their home […]
Why Talk to a Reverse Mortgage Specialis...
Video: Why Talk to a Reverse Mortgage Specialist? You’re retired – or soon will be – and you’re in the process of planning for the days after you stop working. You’re checking with your financial advisor regularly to make sure your IRA or 401K is performing as you hoped, and you’ve worked long enough that […]