Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? This cohort accounted for 1,950,000 properties — equating to 39% of total homes ...
Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/Riskspan Reverse Mortgage Market Index. These homeowners ...
Right here in Edmond and all across the nation, seniors are downsizing to smaller homes making the purchase with a mortgage that requires no monthly payment for the remainder of their lives. It’s ...
What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their ...
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A reverse mortgage allows older homeowners to tap their home’s equity and receive tax-free payments. Many reverse mortgage borrowers use these payments to supplement retirement income. The most common ...
Access your equity, remain in your home and get money for expenses in retirement Written By Written by Contributor, Buy Side Mary Beth Eastman is a contributor to Buy Side and finance expert, ...