Learn more about how you can create budgeting solutions for you and your family.
Overview
Reverse mortgages were created in the 1960’s with the intent of helping older homeowners access all or some of the home’s equity while allowing them to stay in the home. This type of mortgage has been a beneficial option for some seniors, however, there are some pitfalls.
Duration: 5-7 minutes
Learning Objectives
- Understand how reverse mortgages work and the different types of reverse mortgages.
- Determine if a reverse mortgage fits your needs.
- Learn the requirements of a reverse mortgage.
- Learn the pros and cons of a reverse mortgage.
- Learn what resources there are for help in determining if a reverse mortgage is the right choice.
Marketing Teaser
If you’re nearing retirement and own your home, are looking for creative ways to supplement your income, a reverse mortgage may be something to consider. Like most financial decisions, it’s important to understand the pros and cons of a reverse mortgage prior to making a decision. Review our short lesson to learn more about:
- How reverse mortgages work and the different options available
- Whether a reverse mortgage will meet your financial needs
- Resources available to help you understand the requirements of a reverse mortgage
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Are you considering a reverse mortgage? Learn about the pros and cons of reverse mortagages and what resources are available to you: [INSERT LINK]
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Are you considering a reverse mortgage? Certain homeowners may be eligible for a reverse mortgage, but should make sure to consider their options carefully. Learn about the pros and cons of reverse mortgages and what resources are available to you: [INSERT LINK]
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Topic List
- 401(K) Plans
- 529 Plans
- Annuities
- Becoming A Financial Caregiver
- Benefits of a Credit Union
- Budget Hacks: The College Edition
- Budgeting for Families
- Building Emergency Savings
- Buying a Home
- Car Loans
- Certificates Of Deposit (CDs)
- Checking Accounts
- Considering Homeownership
- Creating A Budget
- Credit Cards
- Credit Scores And Reports
- Customer Acquisition and Retention
- Debt Management
- Developing A Business Plan
- Estate Planning
- Expectations Of A Financial Caregiver
- Family Conversations About Money
- Financial Decisions for Your Career Path
- Financial Well-being for Entrepreneurs
- FIRE Lifestyle
- Health Savings Accounts
- Healthy Financial Habits
- How Businesses Obtain Credit
- How Businesses Use Credit
- Identity Protection
- Individual Retirement Accounts (IRAs)
- Investment Property
- Managing a Growing Team: Employee Recruitment and Retention
- Mindful Living
- Mobile And Online Banking
- Mortgage Relief
- Mortgages
- Obtaining Financing and Funding for Your Small Business
- Opportunities for Women and Minority-Owned Small Businesses
- Overcoming Small Business Financial Hardships
- Paying For College
- Paying Your Student Loans
- Planning For A Financial Caregiver
- Planning For Retirement
- Prepaid Cards
- Preparing for Graduation
- Preventing Elder Financial Abuse
- Preventing Overdraft Fees
- Reporting Elder Financial Abuse
- Reverse Mortgages
- Savings Accounts
- Shopping For Insurance
- Small Business Banking Services
- Small Business Financial Statements
- Sustainable Investing
- Taxes: The Basics
- Understanding Your Student Loan
- Wealth Transfer
- When To Collect Social Security