Posts by Ryan Dorman

If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the pandemic, you’ve likely gained more than you think! According to the latest Equity Insights Report from…

Reverse mortgages can be a valuable financial tool for older homeowners looking to tap into their home’s equity. Understanding the different options available is essential to choosing the right reverse mortgage for your specific needs. Let’s go over five common types of reverse mortgages: tenure, term, line of credit, modified tenure and modified term. Tenure…

Assessing senior homes or considering reverse mortgage options–should you sell or should you stay? As people age, it’s essential to assess whether their current home still suits their needs or if it might be time to consider alternative options. Aging in place can be a wonderful choice if the home is adaptable and meets the…

Reverse mortgages have become a popular financial tool for seniors, but misconceptions around this loan type often prevent homeowners from fully exploring its benefits! We aim to dispel common myths and provide accurate information about reverse mortgages. Read on while we address prevalent misconceptions and shed light on the truth behind reverse mortgage lending. Myth…

If you want to sell your house, consider doing it now. In the summer, the days are longer, the weather is warmer, and it’s a great time for sellers! It’s summer and maybe you’re wishing you had more room to host and entertain your friends and family or maybe you want to live somewhere with…

If you’ve been thinking about buying a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, pay back debts and more. It’s also a factor that helps determine…

The National Council on Aging (NCOA) is a great resource as an option to “age in place,” as is a reverse mortgage! Read below for some of the benefits of these options. National Council on Aging Resource As people age, they may begin to experience changes in their physical and cognitive abilities which can make…

If you’ve been thinking of selling your house, odds are it’s because something in your life has changed. And while things like mortgage rates are a key part of your decision on what you’ll buy next, it’s important not to lose sight of why you want to make a change in the first place! It…

If you’ve been wondering if you qualify for a reverse mortgage or what the requirements even are–here’s a simple breakdown of some of the things you should know! A reverse mortgage is a loan that allows homeowners aged 55 or older to access equity in their home. Unlike traditional mortgages, with a reverse mortgage, the…