Mortgage Blog

Family Success with HECM Reverse Mortgages

This is a Reverse Mortgage success story that repeats itself time and time again. Our parents achieve financial equilibrium by neutralizing debt, like mortgages, and discovering a safe innovative means to access their home equity, either now or when they need it in the future, with a Reverse Mortgage.  It’s  about releasing the burden of the constant financial worry so there is room for more enjoyment.  This equilibrium also allows for our parents to enjoy longevity and take life as it comes rather than always being concerned about financial constraints. It further pr...

October 9th, 2017 | Reverse Mortgage, Retirement security, HECM Reverse Mortgage, Sandwich Generation, Seniors, Family Success with HECM Reverse Mortgages

Creating Constructive Options for the Division of Property for Retirees

The words retired, fixed income, and divorce don’t always go that well together. Many retirees live primarily on Social Security and a small amount of investment income.  A divorce, no matter how amicable, will often require the division of property.  It is not uncommon for people to feel pressured to sell the home, due to current mortgage balances that are unaffordable, with a separation of income during a divorce.  In other instances, couples will attempt to leverage up with inexpensive home equity lines of credit as a means of dividing the property.  Both of these ...

August 10th, 2017 | Reverse Mortgage, HECM Reverse Mortgage, Seniors, Gray Divorce, Retirement security, Creating Constructive Options for the Division of Property for Retirees

Cash-strapped seniors: Weigh reverse-mortgage pros, cons

This is a great article illustrating many aspects of how a Reverse Mortgage can be a terrific retirement tool as long as you are not flagrant with your money. If you use it for financial balance and create cash flow for monthly living expenses so you can live more comfortably within your means, then it can help provide a nice path to a more secure retirement.  There are also tremendous benefits, not mentioned, that will protect your spouse after your passing and many aspects of the non-recourse loan that will insulate your heirs and your estate from losses on the home should outlive your ...

April 21st, 2017 | Seniors, Retirement Planning, HECM Reverse Mortgage, Reverse Mortgage, Retirement security, Cash-strapped seniors: Weigh reverse-mortgage pros, cons

5 ways a reverse mortgage can help your retirement

Nice article on some of the basics of a Reverse Mortgage.  I would like to add that one of the key components of any strategy involving a Reverse Mortgage is balancing and keeping debt in control.  Debt, such as mortgage payments and credit cards that get out of control have a tendency to sap a retirees monthly fixed income and throw their retirement plan into turmoil.  Once you have achieved balance with your debt and income you can then focus on the savings and investment benefits.  For example, the  current growth rate that compounds annually on the untapped portion...

October 28th, 2016 | Reverse Mortgage, Retirement Planning, HECM Reverse Mortgage, Social Security, Retirement security, supplemental retirement income, 5 ways a reverse mortgage can help your retirement

The Paradox of Aging - Four Bucket Strategy

There is a lot of talk about aging, longevity, and the fear of running out of money.  There are people at every corner that will advise you to save more money and to prepare for illness, care needs, and ultimately unexpected longevity.  I personally don’t buy into saving an additional couple percent of your income, hiring the better advisor, or coming up with the ultimate annuity as the end all be all solution.   While these items may incrementally have significance over time as part of an overall plan, we should not lose sight of basic planning and wise decisions tha...

September 9th, 2016 | supplemental retirement income, Reverse Mortgage, Retirement Planning, Retirement security, Retirement income insecurity, HECM Reverse Mortgage, Financial Planning, Seniors, The Paradox of Aging - Four Bucket Strategy

Create Financial Flexibility in Retirement

A key retirement goal should always be financial security.  This is often much easier said than done.  It is easy to physically retire from work but are you also mentally retired?  In other words, being physically retired but mentally insecure over your financial situation or your monthly income is not constructive, although very common for retirees. Most often the first item on the list is housing.  The house that you have had for many years is often too large and much more costly then needed.  Downsizing is a nice way to reset your housing needs and expenses.&nb...

August 11th, 2016 | Reverse Mortgage, Retirement security, HECM for Purchase, supplemental retirement income, HECM Reverse Mortgage, Seniors, Create Financial Flexibility in Retirement

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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
703-319-2198
FAX: 703-773-6946
info@jeffersonmortgage.com
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 

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Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.