Most reverse mortgages are adjustable rate mortgages, meaning that as interest rates decrease, so does your reverse mortgage. This is a great opportunity to tap into the appreciation of your home to pay off credit card debts, complete home renovations, an
Jul 01, 2024 |
Are you a senior on a fixed income who wants to age in place but is struggling to afford to stay in your home? A reverse mortgage may be the perfect solution for you. With a reverse mortgage, you can tap into the equity in your home to supplement your inc
Apr 02, 2024 |
Are you burdened with high-interest rate credit card debt? Looking for a way to consolidate your payments and save money? At Senior Management Group, we have great news for you! Our reverse mortgage rates are currently as low as 7.5%, making it the perfec
Dec 06, 2023 |
When it comes to reverse mortgages, there is a common misconception that you lose ownership of your home. However, this couldn't be further from the truth. With a reverse mortgage, you retain full ownership of your beloved property. A reverse mortgage is
Dec 04, 2023 |
Are you a homeowner who bought your house at a bargain price, only to see its value skyrocket over the years? Congratulations on your wise investment! However, with increased property value comes the potential burden of capital gains taxes. We have a solu
Nov 30, 2023 |
Just like having a conventional mortgage, when the last homeowner of a property with a reverse mortgage passes away, the property is typically transferred to the heirs. The heirs have the option to keep the property, sell it, or refinance it. Howeve
Nov 27, 2023 |