Interest rates have shown significant improvement, dropping by roughly 0.6% since their peak in mid-January. This decline offers hope for homeowners looking to refinance and prospective buyers entering the housing market. However, broader economic conditions remain uncertain, and multiple factors could influence where rates go next. Bank Liquidity and Financial Stability One of the most […] The post March 2025 Interest Rate Update: Economic Trends and Mortgage Implications appeared first on Heritage Reverse Mortgage ..read more

Current Interest Rate Trend: Over the past six months Rates bottomed out in September and then rose after the election until they peaked in mid-January. Since the peak, they have improved roughly .25% as of February 1. Short-term Interest Rate Prediction: Momentum seems to be strong and it appears that Interest rates in February will […] The post January 2025 Interest Rate Update appeared first on Heritage Reverse Mortgage ..read more

The post Which pressure washing equipment should you choose, hot water or cold water? appeared first on Heritage Reverse Mortgage ..read more

The Role of a Reverse Mortgage in Long-Term Care Planning Long-term care is an important consideration for retirees and their families. As the costs of healthcare and senior living continue to rise, finding a way to cover these expenses becomes critical for many older adults. One option that can play a significant role in long-term […] The post Reverse Mortgages for Long-Term Care: What Every Retiree Should Know appeared first on Heritage Reverse Mortgage ..read more

Have you ever heard of a Tax Abatement? Most counties in the United States offer what’s called aproperty tax abatement. For those that qualify this means they pay reduced property tax amounts andmany don’t pay anything at all. Who Qualifies? Every county is different but in general Property Tax Abatements are granted for people in […] The post Should you be paying Property Taxes? appeared first on Heritage Reverse Mortgage ..read more

I get multiple calls weekly from clients telling me they received a letter from their lender stating they must get a home warranty immediately. These letters are deceptive advertising at it’s worst. Shady companies give the impression they represent the homeowner’s lender to sell their service but in reality there is no affiliation. What is a Home Warranty? I first explain that a home warranty is a Voluntary form of insurance that helps cover the costs to replace or repair major home appliances. Things like Heating/AC units, Dish Washers, Ovens, etc. You pay for a policy and if something in y ..read more

Both of my parents died suddenly in their sixties. Losing a parent is very painful and settling the estate only makes it worse. Are you Prepared? The best advice I can give you is, ESTABLISH A LIVING TRUST AS SOON AS POSSIBLE. Studies show roughly 75% of retired American’s have a will. But only 18% have a Living Trust. Not having a Trust will cause unnecessary taxes and legal fees for your heirs. What’s the difference between a Will and a Trust and why does it matter? What are Wills? A will outlines what you want to happen to your property after death. But a will DOES NOT execute your desires ..read more

Is your Retirement what you dreamed it would be? Neither was Jim and Linda’s. The California they grew up in and raised their children in is long gone. Crime, the cost of living and homelessness were making life miserable they had to get out. How did they do it? Jim and Linda sold their home in California. They moved to Southern Utah and bought a new home with a Reverse Mortgage. Did it work? Now Jim and Linda own a beautiful new home in a neighborhood they love. Because they used a Reverse Mortgage, they have hundreds of thousands of dollars in the bank and don’t pay a monthly mortgage paymen ..read more

Are you tired of Inflation? Inflation hurts Retirees the most. We should be able to retire when we retire. The price of a gallon of gas shouldn’t be something you lose sleep over. Worried about Health? Struggling with health is a big enough battle by itself. You don’t need financial stress to make it worse. Thinking of going back to Work? It’s heartbreaking to see how many people in their 70’s and 80’s are still working to get by. Don’t go back to work, there is a better option. Are you ready to know more? Reverse Mortgages help you have more money. Our team has helped over 1,200 people since ..read more

Could you survive alone on a single income? When Bob passed away, Mary lost the love of her life and most of their income. Bob’s passing was a disaster and Mary needed help so she came to Heritage Reverse Mortgage. Their Story Before retiring in 2005 Bob was an accountant in California. They had good health, a great pension, and equity in their home. But the 2008 Recession nearly took it all. Bob’s firm failed and took his pension with it. Their home’s equity fell and by 2010 they were in big trouble. They moved to Utah and bought a home they could afford with their combined incomes and every ..read more