Financial advisors often recommend “starting early” when it comes to retirement planning. That doesn’t just mean opening a 401K when you are 21; establishing a strong credit history early on pays dividends too, and helps add shine to the Golden Years.
Yes! Credit Matters: How Refinancing is Good for Retirement
In retirement, every penny counts. If you’re a homeowner, the equity in your home can act as an income stream to help you meet monthly obligations, reduce expenses, or even create an instant cash flow. Whether you’re retired or just planning for it, refinancing your home can be a smart financial move. Basically, it allows you to pay off your current mortgage and replace it with a new mortgage that has better terms—which means you pay less and save more.
Yes! Credit Matters: When to Consider a Reverse Mortgage
Reverse Mortgages can help retirees stretch dollars during retirement. Instead of receiving a lump sum up front and making loan payments each month, seniors who qualify for a Reverse Mortgage receive payments each month. To see if a Reverse Mortgage is for you, talk to your mortgage lender.