Apple Pie and Equity

I was discussing with a very knowledgeable friend about what he would do if he had a kazillion dollars.  He listed off the trips, the cars, the houses.  “I wouldn’t need a reverse mortgage then!” he exclaimed. Really?  I actually think you might still...

What is a Reverse Mortgage?

In the past decade, reverse mortgages have gained a lot of traction as a retirement tool. And yet, many people still do not understand reverse mortgages or their purpose. If you are one of those people, here’s what you need to know: What Is It? A reverse mortgage is a...

What Happens if We Have Another Real Estate Bubble?

Remember when, before the last real estate bubble, you had a home equity line of credit?  What happened when property values dipped?  Or, were you one of the many homeowners seeking to refinance to take out money you’ve worked so hard for trapped as equity in your...