reverse mortgage Archives | The Richard Woodward Team Nexa Mortgage

Unlock Financial Freedom with a Reverse Mortgage: Empowering Seniors Over 62

Are you a homeowner over the age of 62, facing financial challenges despite the valuable asset of your home? Meet Carol, a retired individual who recently experienced the loss of her spouse. Her income decreased, while her expenses remained unchanged. Luckily, Carol discovered a powerful financial tool tailored specifically for individuals in her situation: the…

Why Financial Planners are Raving About Reverse Mortgages for Retirement

Reverse mortgages are gaining popularity among seniors as a way to supplement retirement income. Traditionally viewed as a last resort for cash-strapped retirees, reverse mortgages are now being recommended by financial planners as part of a strategic retirement planning strategy. In this blog post, we will explore why financial planners are recommending reverse mortgages and…

Expert Report that Reverse Mortgages Are No Longer Just for Struggling Homeowners You can turn your home equity into cash to pay off bills or preserve other savings or investments. They are complicated and not for everyone. Janice Keese decided not to make any major decisions after her husband’s sudden death in 2016. Janice Keese waited two…

Home Equity Growth can factor into savings with a reverse mortgage

Forbes: Turn home equity into additional savings with a reverse mortgage The ‘Mortgage Professor’ offers his thoughts about incorporating home equity into a retirement plan, and why including a reverse mortgage can significantly increase the funds available. A reverse mortgage, which can be used to convert equity from your home into cash, can help you…

Reverse Mortgages This article will provide information about reverse mortgages from a Certified Reverse Mortgage Specialist, Richard Woodward. It will include what you need to do to qualify, when you must repay the loan, and what could trigger a foreclosure. What is a reverse loan? Reverse mortgages allow older homeowners, 55 and older in some…

What are the benefits of a reverse mortgage

Here are six beneficial reasons to use a reverse mortgage. A reverse mortgage is a loan that allows homeowners over 62 to borrow money from the equity in their home. It can be used for anything, but it’s most commonly used as a retirement planning or income resource. The new guidelines for reverse mortgages make…

More Money is now available for senior clients as the New Reverse Mortgage 2021 maximum claim limits have been released. Those older Americans that have properties valued in excess of $765,600 can begin using the HUD HECM so they do not have to utilize a Non-HUD Reverse Mortgage Program. As a Certified Reverse Mortgage Professional,…

How to List and Sell More Homes to a Retiring Population Reverse Mortgage Webinar

Reverse Mortgages are great tools that every Realtor should understand. By understanding reverse mortgages, Realtors can help seniors sell their current home and buy a new one without a monthly mortgage payment. Many children move from home and start families leaving grandparents miles away. The New Reverse mortgage enables seniors to use the equity they…

A paycheck in retirement can solve many problems. When it comes to getting ready for retirement, one word is paramount; save, save and save. And once you stop working, the last thing you want to do is to ‘spend.’ Now let’s say you diligently worked for 37 years in active service saving and building your…

Home Care for Seniors or those in need. An Introduction

Home care for Seniors or others in need is a topic near to my heart. I work with seniors often in the course of my reverse mortgage business. I am so thankful to be able to help our elders with financial resources to stay in their homes. I am a firm believer that as long…