Retirement News with Professor Craig

Retirement News with Professor Craig

The Retirement News blog is dedicated to the financial and physical health and well-being of older Americans. 
Whether you're already in or nearing retirement, you will find important, topical information in the blog to help you make informed decisions on your road to retiring more freely.
As a 25-year veteran in the financial services industry and a certified trainer and teacher, Professor Craig's #1 goal is to help you thrive in retirement with financial peace of mind. 

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Falling Interest Rates Create the Optimal Time to Secure a Reverse Mortgage Loan
Interest Rates

Falling Interest Rates Create the Optimal Time to Secure a Reverse Mortgage Loan

Recent banking trends reveal declining interest rates over the past year — including a dramatic decrease during the fourth quarter of 2018 (see chart below). And with decreasing rates comes a rise in mortgage applications, especially refinancing, according to Bankrate.










Timing is everything for mortgage rates

Mortgage rates constantly rise and fall. In fact, they can change from one day to the next. And since mortgages generally involve large amounts of money, even small fluctuations can quickly amount to thousands of dollars in extra costs or potential savings. For homeowners and homebuyers who are eligible for a reverse mortgage, the current low interest rate environment may not only mean lower interest costs, but also access to more funds.

Age in place or relocate?

Read Reverse Mortgage: The Key to Staying in Your Home — Or Buying a New One

Consider the advantages of a reverse mortgage

If you’re a homeowner or buyer age 62 or older, it pays to understand all the options available to you — especially with such volatility in today’s financial markets. That includes locking in a reverse mortgage loan as an alternative to traditional refinancing.

A reverse mortgage allows you to:

  • Restructure mandatory monthly mortgage payments, if you already have an existing mortgage
  • Pay as much or as little as you like each month, thanks to its flexible repayment feature
  • Delay tapping into your retirement savings or investments to cover daily living expenses
  • Consolidate high-interest debt to reduce monthly bills
  • Buy a new home or renovate an existing one
  • Pay for medical expenses, in-home care services and/or long-term care
  • Establish a “rainy day” fund to use for unexpected expenses

As with any mortgage, you must meet your loan obligations — keeping current with property taxes and insurance, as well as regular maintenance of your home and property.

Read more: Market Volatility and Your Home Equity

Turn your home’s value into a liquid financial asset  

Reverse Mortgage Funding LLC (RMF) has happily assisted thousands of Americans in achieving their financing goals in retirement — and we can do the same for you, all while providing the service, education and advice you seek throughout the reverse mortgage process. To find out more, call 888-277-1567 and speak with an experienced reverse mortgage specialist to set up an in-person appointment.

This content is sponsored by RMF, one of the nation’s leading reverse mortgage lenders. We are dedicated to helping older Americans retire more freely, in the comfort of their own homes. As a result of our commitment to providing an extraordinary and positive customer experience, we have earned a 98% customer satisfaction rating; a 5-star / Excellent score on Trustpilot; 4.8 out of 5 stars on LendingTree; and an A+ rating with the Better Business Bureau. Call 888-277-1567 to speak with a licensed reverse mortgage specialist to learn about our retirement financing products and solutions.


If you have equity in your home and believe you meet the eligibility requirements, a HECM may be the option that could help you retire smart.

Check Eligibility



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A More Flexible Home Equity Loan

If you’re 62 or older, there is a home equity line of credit option that offers greater financial flexibility than a traditional Home Equity Line of Credit (HELOC). It’s called a Home Equity Conversion Mortgage (HECM) line of credit. 
If you have an existing mortgage or home equity loan you could refinance them with a HECM line of credit and get enhanced benefits, including a flexible payment feature and a line of credit that GROWS when left untouched.
As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and keeping your home in good condition.

Equity Elite Reverse Mortgage

Put Your Home Equity to Work for You

Get Your Free Reverse Mortgage Quote

By clicking "CALCULATE", you are providing your signature and express "written" consent to be contacted by or behalf of Reverse Mortgage Funding LLC, its affiliates and/or its agents (collectively Company) at the telephone, email or mailing address that you have provided for purposes of fulfilling this inquiry about reverse mortgages and/or the Company's products or services, even if you have previously registered on a "do not call" government registry or requested Company to not send marketing information to you by email and/or direct mail. You agree that the Company may use automatic telephone dialing systems and prerecorded voice messaging in connection with calls or texts made to the telephone number you provide even if the telephone number is assigned to a cellular or mobile telephone service or other service for which the called party is charged and are representing that you are the regular user of provided number. You understand that you are not required to consent to receiving autodialed calls or texts as a condition of any reverse mortgage and/or purchasing any Company products or services. If you do not wish to authorize Company to contact you in this manner, you can call 888-277-1567 to complete your request. You understand that you can revoke this consent at any time.

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