Heritage Reverse Mortgage Blog
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January 2025 Interest Rate Update
Current Interest Rate Trend: Over the past six months Rates bottomed out in September and then rose after the election until they peaked in mid-January. Since the peak, they have improved roughly .25% as of February 1. Short-term Interest Rate Prediction: Momentum...

Reverse Mortgages for Long-Term Care: What Every Retiree Should Know
The Role of a Reverse Mortgage in Long-Term Care Planning Long-term care is an important consideration for retirees and their families. As the costs of healthcare and senior living continue to rise, finding a way to cover these expenses becomes critical for many older...

Adjustable Interest Rate
Do you hate your Adjustable Interest Rate? A Client called me this week, frustrated by his adjustable interest rate. We talked at length when he setup the loan about the pros and cons of doing his loan with an adjustable rate but neither of us thoughtinterest rates...

Should you be paying Property Taxes?
Have you ever heard of a Tax Abatement? Most counties in the United States offer what’s called aproperty tax abatement. For those that qualify this means they pay reduced property tax amounts andmany don’t pay anything at all. Who Qualifies? Every county is different...

What is a Home Warranty and should you have one?
I get multiple calls weekly from clients telling me they received a letter from their lender stating theymust get a home warranty immediately. These letters are deceptive advertising at it’s worst. Shadycompanies give the impression they represent the homeowner’s...

Protect your Family with a Trust
Both of my parents died suddenly in their sixties. Losing a parent is very painful and settling the estate only makes it worse. Are you Prepared? The best advice I can give you is, ESTABLISH A LIVING TRUST AS SOON AS POSSIBLE. Studies show roughly 75% of retired...

We Escaped from California
Is your Retirement what you dreamed it would be? Neither was Jim and Linda's. The California they grew up in and raised their children in is long gone. Crime, the cost of living and homelessness were making life miserable they had to get out. How did they do it? Jim...

Reverse Mortgage for Financial Freedom
Are you tired of Inflation? Inflation hurts Retirees the most. We should be able to retire when we retire. The price of a gallon of gas shouldn't be something you lose sleep over. Worried about Health? Struggling with health is a big enough battle by itself. You don't...

Surviving on One Income after Becoming a Widow
Could you survive alone on a single income? When Bob passed away, Mary lost the love of her life and most of their income. Bob’s passing was a disaster and Mary needed help so she came to Heritage Reverse Mortgage. https://youtu.be/wmL99KRN_fI Their Story Before...

How to Read My Reverse Mortgage Statement
If you have a HECM Reverse Mortgage you’ve likely discovered how confusing your monthly HECM Reverse Mortgage Statement can be. Likewise, you’ve probably had the frustrating experience of calling your lender’s customer service number to get no help at all. My...