Lifestyle Lorelei Nishiguchi Lifestyle Lorelei Nishiguchi

The Benefits of Volunteering in Retirement

Retirement often marks the beginning of a new chapter in life, offering individuals the opportunity to explore new interests, pursue long-held passions, and give back to the community. One of the most rewarding and fulfilling ways to make the most of this stage is through volunteering.

Read More
Financial Lorelei Nishiguchi Financial Lorelei Nishiguchi

What If One Spouse Is Not 62 Years Old Yet?

While reverse mortgages are typically done jointly by both spouses in a couple, there are situations where both individuals may not be eligible. In situations like this, one spouse is named as the borrower, and the other is not included in the loan agreement. When the borrowing spouse faces certain circumstances, the non-borrowing spouse may have legal protections in place, subject to various factors.

Read More
Financial Lorelei Nishiguchi Financial Lorelei Nishiguchi

What is a Non-Recourse Loan?

A Reverse Mortgage, or a Home Equity Conversion Mortgage (HECM), is a valuable financial tool for Seniors seeking to tap into their home equity without selling their property. One of the attractive features of a HECM is the concept of "non-recourse." Understanding the meaning and significance of the non-recourse feature in a Reverse Mortgage HECM, demonstrates how it can be a crucial layer of protection for borrowers and their heirs.

Read More