Downsize with a Reverse Mortgage

Downsize with a Reverse Mortgage

A downsize with a Reverse Mortgage could be an excellent option to live better in retirement. Life Happens It’s amazing how dramatically life can change from year to year. My wife and I have six kids all under 12. I can see already that our housing needs are going to...
What are Reverse Mortgage Equity Reserves?

What are Reverse Mortgage Equity Reserves?

The Mechanics of a Reverse Mortgage require Equity Reserves to protect the homeowner, bank, and FHA. Mechanics Reverse Mortgages are negative amortization loans. Therefore, if payments are not made, the balance of the mortgage will increase. This happens because the...