With the housing market up meaningfully since its peak in 2006, we have amazing wealth in equity. However, new homeowners have been required to meet strict guidelines to qualify for a mortgage. Once such qualification is purchasing Private Mortgage Insurance (PMI). Reviewing your situation with a financial advisor can help bring attention to these costs so you can eliminate them.

Reverse mortgages are often marketed to seniors to help fund retirement using the equity in their home. Regrettably, some seniors have been forced to sell their homes to unwind the reverse mortgage. Review your options with a financial advisor to determine if a reverse mortgage is right for your household.