When it comes to reverse mortgages, there is a common misconception that you lose ownership of your home. However, this couldn't be further from the truth. With a reverse mortgage, you retain full ownership of your beloved property. A reverse mortgage is
Dec 04, 2023 |
Are you a homeowner who bought your house at a bargain price, only to see its value skyrocket over the years? Congratulations on your wise investment! However, with increased property value comes the potential burden of capital gains taxes. We have a solu
Nov 30, 2023 |
Just like having a conventional mortgage, when the last homeowner of a property with a reverse mortgage passes away, the property is typically transferred to the heirs. The heirs have the option to keep the property, sell it, or refinance it. Howeve
Nov 27, 2023 |
Thanksgiving is a time to come together with loved ones, share delicious meals, and create lasting memories. Whether you're gathered around a table laden with traditional dishes or enjoying a quiet moment of reflection, we hope your day is filled with war
Nov 23, 2023 |
I received a call last night from a homeowner in Massapequa, N.Y. This homeowner reached out to us after experiencing significant financial strain. Despite having a small mortgage, he found it increasingly difficult to cover his everyday expe
Nov 22, 2023 |
Are you considering using your hard-earned 401k money to supplement your retirement? Before you make that decision, let's explore an alternative that could potentially benefit you even more – a reverse mortgage. Over the past 20-30 years, your home
Nov 21, 2023 |