Posts by The Regan Team

Who Really Owns the House with a Reverse Mortgage? There can be a lot of confusion surrounding reverse mortgages, and a common question is: Does taking out a reverse mortgage mean the bank now owns your house? The answer is a resounding no. Here’s why: Reverse Mortgages vs. Traditional Mortgages: Unlike a traditional mortgage where…

Is it hard to sell a house with a reverse mortgage? Thinking of selling your house? If you have a reverse mortgage, you might be wondering if it throws a wrench into the process. The good news: you can absolutely sell your home with a reverse mortgage and it’s no different than a regular loan.…

Who benefits most from a reverse mortgage? A reverse mortgage is a useful and potentially life changing financial tool for seniors 62 and older, but it’s not a one-size-fits-all solution. Understanding who benefits most can help determine if it’s right for you. Homeowners with significant home equity can leverage that equity into additional income with…

Do financial planners recommend reverse mortgages? Financial planners and advisors do recommend reverse mortgages as they’re a useful tool for seniors in retirement.  Let’s explore why a reverse mortgage might be a savvy option. Reverse mortgages allow homeowners 62 and older to access the equity they’ve built up in their homes. Unlike a traditional mortgage,…

Can I lose my home with a reverse mortgage? A reverse mortgage can be an amazing financial tool for seniors looking to access the equity in their homes and pay off their current mortgage. One common concern is whether you can lose your house with a reverse mortgage. The answer is yes and no. Unlike…