Tips and tricks to help you thrive in retirement

Our blog is dedicated to the financial and physical well-being of older Americans. Whether you’re in or nearing retirement, you’ll find important information here to help you along your path to retiring for freely.

Ask American Senior Lending Your Reverse Mortgage Questions

Specializing in Reverse Mortgages
Serving Orange County |

866-714-2040

Subscribe to our monthly newsletter

Join our e-mailing list to get the latest in lifestyle content, financial advice, news and information to live a better retirement.

East, easy reads for a slow, easy retirement.

Read more. Learn more. Retire better. Check out our latest blog posts and articles.

Stronger Than You Think: Building Resilience in the Second Half of Life

Navigating Modern Dating: Finding Connection and Companionship in Your 50s and Beyond

Second Acts: Discovering New Passions and Hobbies After 55

Healthy, Happy, and Active: Fun Ways to Stay Fit Without the Gym

Eligibility

Learn

Legal

About

Contact Me

Connect on Social

HighTechLending Inc, is an Equal Housing Lender, NMLS #7147 (www.nmlsconsumeraccess.org) doing business as American Senior Lending. 2030 Main Street, Suite #500, Irvine, CA 92614. AZ Mortgage Banker License # 0912577; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License #4130937; CO Mortgage Company Registration – Regulated by the Division of Real Estate; FL Mortgage Lender Servicer License #MLD1409; Georgia Residential Mortgage Licensee, License #53077; HI Mortgage Loan Originator Company License and Service License #HI-7147, ID Mortgage Broker/Lender License # MBL-2080007147, Illinois Residential Mortgage Licensee, License #MB.6761112 (for licensing information, go to: www.nmlsconsumeraccess.org); IL Residential Mortgage License # MB.6761112, Illinois Department of Financial and Professional Regulation, Division of Banking, 100 West Randolph, 9th Floor, Chicago, IL 60601, 1-888-473-4858; MD Mortgage Lender License #21762; NC Mortgage Lender License #L-165611; NJ Residential Mortgage Lender License, Licensed by the N.J. Department of Banking and Insurance; NM Mortgage Loan Company; NV Mortgage Company License #4517; OR Mortgage Lending License #ML-4386 and Servicer License #MS-139; PA Mortgage Lender #49892; SC Mortgage Lender/Servicer License #MLS-7147; TX Mortgage Banker Registration; UT Residential First Mortgage Notification and Mortgage Entity License #8874117; Virginia Broker and Lender Licenses #MC-5962; WA Consumer Loan Company License #CL-7147.

Texas Consumers: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.

At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds;
Charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees;
The loan balance grows over time and interest is charged on the outstanding balance;
The borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home; and
Interest on a reverse mortgage is not tax-deductible until the borrower makes partial or full re-payment.