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 […]
Reverse Mortgages – Facts Take the Fear
Video: Facts Take the Fear Out There’s a lot of misinformation out there about reverse mortgages, so let’s separate the facts from the fiction. To qualify for a reverse mortgage, you must own your home outright or have at least 50% equity, but you don’t have to surrender the title… you retain ownership. To qualify, you […]
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 […]
HECM for Purchase – Tap your Home Equity
Video: HECM for Purchase – Tap your Home Equity Are you a senior homeowner that feels your home no longer fits your needs? You don’t need the additional family space anymore, and maintaining a large home is expensive and can be a drain on your time and resources. It might be time to downsize and […]
Understanding Your Credit Score
Video Tip: Understanding Your Credit Score A credit score is a 3-digit number based upon a number of factors from your financial activities. It is used to determine your creditworthiness for a mortgage, auto loan or credit card. A company called FICO creates what is called a FICO Score. It is based 35% on payment […]
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 […]
Baby Boomers, Reverse Mortgages and Reti...
Video: Baby Boomers, Reverse Mortgages and Retirement Cash Flow Unlike previous generations, today’s baby boomers face some unique challenges to funding – and maintaining – their current lifestyle in retirement. They can no longer depend on the steady income provided by a company pension as their parents did. Instead, most are left hoping that their […]
Why Should Seniors Consider a Reverse Mo...
Video Tip: Why Should Seniors 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 […]