Are you over sixty two years old and looking for a way to split your home equity as part of a divorce? Are you opposed to the idea of selling your home?
Using a reverse mortgage to make the fifty percent equity payment can be a low risk way of taking care of the spouse that will no longer occupy the property. It can also be an alternate solution for those that would have a significant tax hit for liquidating investments to make the payment.
Are you a condo owner that is waiting on your complex approval and needing to do something in the short term? What about a homeowner that is going to open a home equity line of credit (HELOC) before doing a reverse mortgage in a few months?
Seniors are one of the fastest growing groups on social media (websites like Facebook, Twitter, and Linkedin). They are realizing that social media can be a great tool for staying in contact with family and friends, sharing photos, and sharing their ideas. If you are a senior who has been debating whether or not to start using social media, never say never. Continue reading
If you are interested in an FHA reverse mortgage, and your property has a well or septic tank, there are some specific requirements you will need to be aware of.
When you own a property in a rural area, the most likely reverse mortgage issue you’ll have is with the appraisal. The appraiser is required to find three similar sales in the past twelve months that are “nearby.” If similar sales cannot be found, it can be a challenge to get the loan approved.
Some of the common complications regarding appraisals on rural properties include excess acreage, multiple buildings, and uncommon property types.
Our whole team at Premier Reverse Mortgage would like to wish all of our U.S. military vets a very happy Veteran’s Day! Your service and sacrifice have made our country and lives what they are today, and we are very grateful.
Dating in your senior years can seem, at first blush, silly or even awkward. If you are widowed or divorced, though, there’s no reason why your age should keep you from kindling a new romance and finding someone to share your sunset years with.
If you’re thinking about it, though, you may not know where to start. We talked with six dating and relationship counselors to get their tips and advice especially for seniors re-entering the dating scene.
Your house should be a place for you to escape from your job and the hardships of the world outside. Unfortunately, your home can be a dangerous place if you’re unprepared. Many people think that a solid door and some good locks are enough to keep their family safe, but most of the dangers in the home are far less insidious than a masked man looking to grab your valuables. Continue reading
Accumulating things is just something that comes with age. If we’re lucky it’s wealth instead of just aches and pains. But one thing we are destined to accumulate is stuff — lots of stuff. We gather so much stuff over the course of our lives, that often our golden years are spent tripping over it. Many of these things are valuable, useful, or even beautiful, but probably an even greater amount would be more at home in the landfill.
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