Urban Financial of America
6 Common Myths about Reverse Mortgages

6 Common Myths about Reverse Mortgages

There’s certainly no shortage of myths in our world. Despite tremendous advances in medicine and technology, myths still persist in today’s world. Today, we all understand that the Earth is round, but in past centuries,…

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Reverse Mortgages – More than Just a Last Resort

Reverse Mortgages – More than Just a Last Resort

Prior to some new rules being implemented in 2009 and 2014 and an overhaul of the government’s insurance program in 2013, reverse mortgages were considered to be a last resort for cash-strapped seniors. They were…



Reverse Mortgages vs. Home Equity Loans

Reverse Mortgages vs. Home Equity Loans

Having enough money for your golden years is a persistent concern for many older Americans. How do I ensure I have the funds to cover my living expenses, healthcare and more without having to rely…


Use Your Home to Stay at Home

Use Your Home to Stay at Home

Like most Americans, you probably want to stay in your home as you grow older. However, as it gets harder to do things on your own, you may need a helping hand with everyday tasks….



Reverse Mortgage as a Long-Term Solution

Reverse Mortgage as a Long-Term Solution

If you expect to live in your current home for several years, you could consider a reverse mortgage. Reverse mortgages are designed for homeowners age 62 and older. These types of loans are called “reverse”…


Glossary of Reverse Mortgage Terms

Glossary of Reverse Mortgage Terms

Acceleration clause – the part of a contract that says when a loan may be declared due and payable   Adjustable rate – an interest rate that changes, based on changes in a published market-rate…