Janet S. was a widow who, at age 69, wanted to buy a new home, but found that the homes she was looking at cost more than she had in savings; using the “Reverse For Purchase” option of a HECM Reverse Mortgage, she was able to make her purchase after all, while still preserving the value of her estate for her daughter. Read the rest of this entry »

Reverse mortgages have a bad reputation in some circles, but they can be very useful tools for seniors looking to take advantage of equity in their homes–including using that equity to purchase a new home. Read the rest of this entry »