Reverse Mortgage
Is Your Aging Parent’s Home Safe?
Use This Home Safety Checklist As our parents continue to age, it’s up to us to make sure they are safe in their own homes. Beyond just a clean and tidy living space, there are many potential hazards that seniors face when it comes to their plumbing, heating/cooling systems, and electrical. Many times, seniors in…
Read MoreHome Equity Options for Seniors in Retirement
Financial hardship is a challenge at any age. But when you are nearing retirement and abruptly lose your job, have an unforeseen expense, or simply trying to survive post-COVID and the financial uncertainty of banks closing, inflation, and the potential of sliding into a recession, it’s never been a better time to learn more about…
Read More5 Factors That May Affect Your Retirement Age
Retirement is a huge life decision. Few things in life are as personal a decision as when to retire. The perfect retirement age is different for everyone, and there are a multitude of factors to consider when making the decision. It’s not just about when you want to stop working, but also about whether you’re…
Read MoreDear Alabama Seniors, We Want to Help
How Simple Reverse is helping Seniors navigate financial hardships in retirement. The seniors in Alabama are on record for being among the nation’s hardest-working people in the United States. We know this to be true because we are also from Alabama and believe that putting in a hard day’s work is a moral imperative. The…
Read MoreA Brief History of Reverse Mortgages
You may not have heard of reverse mortgages before, but they’ve been around for almost 60 years. Reverse mortgages are becoming increasingly popular and more widely used among senior adults. This loan option allows older adults to access home equity without having to make monthly payments or sell their homes. The reverse mortgage is not…
Read MoreWhat to Do if You Need to Pay Off Your Parents’ Reverse Mortgage Loan
If your parents have taken out a reverse mortgage, you may be wondering what happens if something happens to them and the loan comes due. The good news is that adult children can take action to pay off their parent’s reverse mortgage loan. This blog post will explain the different ways you can help your…
Read MoreWhat to Know About the 2023 HECM Reverse Mortgage Lending Limit Increase
Home Equity Conversion Mortgages (HECMs) are a great way for senior homeowners over the age of 65 to access their home’s equity. An HECM type of mortgage is also commonly referred to as a “reverse mortgage.” This means they can now access more funds that can be used for home repairs, medical bills, or other…
Read More5 Ways to Prepare for a Smooth Transition to Retirement
Retirement is an amazing time in your life. You finally have the opportunity to focus on your hobbies, your relationships, and your personal health. But before you can enjoy your retirement to the fullest, there are a few things you need to take care of first. It’s never too early to start planning. In fact,…
Read MoreHow Much Money Could You Get from a Reverse Mortgage?
A lot of senior citizens are finding that a reverse mortgage can give them the financial security they need in retirement. Reverse mortgages are attractive to seniors who want to supplement their income in retirement or who want to stay in their homes but do not have the resources to make monthly mortgage payments. But…
Read MoreShould Your Elderly Parents Get a Reverse Mortgage?
Many seniors are house rich but cash poor. This means that they have a lot of equity in their homes, but not enough liquid assets to cover their living expenses. A reverse mortgage can be a great solution for seniors in this situation, as it allows them to tap into the equity in their home…
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