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Reverse Mortgages Can Be a Valuable Retirement Tool

Five words or less (NewsUSA) – This article is a paid advertisement. The content was provided by One Reverse Mortgage. Today’s reverse mortgage has more uses than you may realize. In fact, many financial advisors are now recommending this loan to their older clients. Why? A reverse mortgage allows you to access a portion of your home equity and use the funds to pay off your current mortgage.* Any remaining money can be used for anything. The program has a variety of products to meet specific goals. The fixed rate loan allows you to receive a lump sum or monthly distributions. The purchase loan product allows you to purchase a home without a required monthly mortgage payment as long as you live there.* However, according to One Reverse Mortgage, a leading lender in the reverse mortgage industry since 2007, the most popular and beneficial loan option is the line of credit, which has the potential to grow in value over time. It’s a fact that people today are living longer; and studies show that many are not financially prepared for retirement. According to an article from Time Magazine, one in three Americans does not have any money saved for retirement.** The reverse mortgage line of credit addresses these concerns. It isn’t just for people who have an immediate need. It is even more beneficial as a retirement tool because the line of credit product can actually extend the life of your retirement savings and give you access to more money later. Another smart way to utilize it is to live off the proceeds to delay using other benefits to give them time to increase in value. The greatest feature of the reverse mortgage line of credit is that the available funds increase in value over time when left untouched. It can be a perfect safety net for future expenses – both planned and unexpected. The mission of One Reverse Mortgage is to educate people about this program and how it can be best used in retirement. The experts at One Reverse Mortgage are licensed professionals and the company operates nationwide. It also has an A+ rating with the Better Business Bureau. For more information, visit www.onereversemortgage.com * Homeowner is still responsible for taxes, insurance and property maintenance. **Kirkham, Elyssa. “1 in 3 Americans Has Saved $0 for Retirement.” Time Magazine. 14 March 2016. http://time.com/money/4258451/retirement-savings-survey Equal Housing Lender. Listed in all 50 states. One Reverse Mortgage NMLS #2052 These materials are not from HUD or FHA and were not approved by HUD or a government agency.

Local News

Nazareth players celebrate their Class 5A football title with fans and members of the band on Saturday. (Photos by Jeff Vorva)

Roadrunners win 45-44 shootout for fourth state title

By Jeff Vorva Nazareth Academy’s football season opened in August with a 2-0 win over Kankakee. It closed the season Saturday afternoon with a 45-44 Class 5A state championship win over Peoria at Memorial Stadium in Champaign. And in between was a rollercoaster of wins and losses and a scramble just to make the playoffs.…

reporter EPCHS Inktober

EPCHS art teacher draws something every day In Inktober

A series of drawings from Evergreen Park Community High School art teacher Libby McArthur will grace the walls of the Evergreen Park Public Library through the end of November. The drawings, collectively known as her ‘Inktober’ collection, were made during October. McArthur took part in a worldwide drawing month activity that had specific prompts for…

reporter OLCHS Thanksgiving Food Drive Freshman Academy

OLCHS Thanksgiving food drive a success

OLCHS students and staff participated in the annual Student Council Thanksgiving food drive. Cans, paper goods and over $1,750 in cash/gift cards were collected on November 21. Participating teachers were DeMatteo, Hennelly, Jepsen, Kallenborn, Kolimas, La Spina, Meyers, Strelow, Vazzana, Watson and Wirtz. Numerous district offices also donated items. The winner of Student Council’s handmade “Turkey Chalice” award was Eric…

regional palos park police cadet food drive 2022

Palos Park Police Cadet food drive underway

The Palos Park Police Cadet program is in holiday season mode and the program’s annual Holiday Food Drive is well underway. Cadets are looking for donations of non-perishable foods such as canned goods or boxed goods. The cadets will accept donations at the Palos Park Police Department, 8999 W. 123rd Street. Collections will continue through…

Twins Aiden and Ethan Schilling at last year’s Bingo with Santa. (Photo by Alexandria Shipyor)

Orland Township to hold Bingo with Santa

Whether you’ve been naughty or nice, don’t think twice about attending Orland Township’s Bingo with Santa! Children and their families are invited to join Santa Claus and Supervisor Paul O’Grady with the Board of Trustees in celebrating the most wonderful time of the year with pizza and a fun game of Holiday Bingo, just for…

Rich Jensen cuts the ribbon on November 17 at the new location for Pizza Castle. (Photos by Don Pointer)

Comings & Goings: Pizza Castle now open in Hickory Hills

By Bob Bong After almost five decades of serving pizzas from a small storefront in Chicago’s Gage Park neighborhood, Pizza Castle co-owner Richard Jensen had an opportunity to move into a bigger space and he jumped at the chance. So, Jensen packed up the family business and made the move a few miles south to…

Brookfield Zoo’s ring-tailed lemurs—Skinner (left) and Moses—were treated to an early Thanksgiving feast that featured all the trimmings. This annual tradition, now in its ninth year, takes place the day before the holiday. (Photo by Jim Schulz/Brookfield Zoo)

Ring-tailed Lemurs at Brookfield Zoo enjoy 9th annual Thanksgiving feast

The annual tradition of Brookfield Zoo’s ring-tailed lemurs receiving an early Thanksgiving feast took place today, November 23. Now, in its ninth year, the animal care staff prepared the meal for the primates that featured all the trimmings laid out on a fall-themed table setting. This year, the menu for the lemurs—15-year-old Moses and 12-year-old…

Palos Heights' Thomas Chong tags one of the hundreds of trees being sold by the Palos Lions Club. (Photos by Jeff Vorva)

Palos Lions trees have arrived and are ready for sale

By Jeff Vorva For more than three decades, the Palos Lions Club has been selling Christmas trees Close to 600 trees arrived at the lot on Harlem Avenue near 127th Street on Saturday. The only difference this year is that unlike in past years, there are no monster-sized trees available. “We can’t get the bigger…

Stickney Mayor Jeff Walik holds up a Veterans Parking Only sign that will be installed at various village locations (Photo by Carol McGowan)

Stickney to designate parking for veterans; will add more police officers

By Carol McGowan The Village of Stickney has approved the installation of parking signs to designate spots for veterans. At the November 15 Village Board meeting, Mayor Jeff Walik revealed the sign and explained why they were going up at various locations in the village. “I was recently at Jewel in the village, and saw…

Orland Park Mayor Keith Pekau said other communities can learn from the way Orland Park does business. (Photo by Jeff Vorva)

After congressional loss, Pekau ready to keep Orland Park a ‘fantastic town’

By Jeff Vorva In Orland Park Mayor Keith Pekau’s first board meeting since his loss to Sean Casten for a congressional seat, he expressed disappointment with the loss but said he was happy he is still running the village. At Monday’s meeting, Pekau said he was not happy with the way the elections turned out…

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Nazareth players celebrate their Class 5A football title with fans and members of the band on Saturday. (Photos by Jeff Vorva)

Roadrunners win 45-44 shootout for fourth state title

By Jeff Vorva Nazareth Academy’s football season opened in August with a 2-0 win over Kankakee. It closed the season Saturday afternoon with a 45-44 Class 5A state championship win over Peoria at Memorial Stadium in Champaign. And in between was a rollercoaster of wins and losses and a scramble just to make the playoffs.…

reporter EPCHS Inktober

EPCHS art teacher draws something every day In Inktober

A series of drawings from Evergreen Park Community High School art teacher Libby McArthur will grace the walls of the Evergreen Park Public Library through the end of November. The drawings, collectively known as her ‘Inktober’ collection, were made during October. McArthur took part in a worldwide drawing month activity that had specific prompts for…

reporter OLCHS Thanksgiving Food Drive Freshman Academy

OLCHS Thanksgiving food drive a success

OLCHS students and staff participated in the annual Student Council Thanksgiving food drive. Cans, paper goods and over $1,750 in cash/gift cards were collected on November 21. Participating teachers were DeMatteo, Hennelly, Jepsen, Kallenborn, Kolimas, La Spina, Meyers, Strelow, Vazzana, Watson and Wirtz. Numerous district offices also donated items. The winner of Student Council’s handmade “Turkey Chalice” award was Eric…

regional palos park police cadet food drive 2022

Palos Park Police Cadet food drive underway

The Palos Park Police Cadet program is in holiday season mode and the program’s annual Holiday Food Drive is well underway. Cadets are looking for donations of non-perishable foods such as canned goods or boxed goods. The cadets will accept donations at the Palos Park Police Department, 8999 W. 123rd Street. Collections will continue through…

Twins Aiden and Ethan Schilling at last year’s Bingo with Santa. (Photo by Alexandria Shipyor)

Orland Township to hold Bingo with Santa

Whether you’ve been naughty or nice, don’t think twice about attending Orland Township’s Bingo with Santa! Children and their families are invited to join Santa Claus and Supervisor Paul O’Grady with the Board of Trustees in celebrating the most wonderful time of the year with pizza and a fun game of Holiday Bingo, just for…

Rich Jensen cuts the ribbon on November 17 at the new location for Pizza Castle. (Photos by Don Pointer)

Comings & Goings: Pizza Castle now open in Hickory Hills

By Bob Bong After almost five decades of serving pizzas from a small storefront in Chicago’s Gage Park neighborhood, Pizza Castle co-owner Richard Jensen had an opportunity to move into a bigger space and he jumped at the chance. So, Jensen packed up the family business and made the move a few miles south to…

Brookfield Zoo’s ring-tailed lemurs—Skinner (left) and Moses—were treated to an early Thanksgiving feast that featured all the trimmings. This annual tradition, now in its ninth year, takes place the day before the holiday. (Photo by Jim Schulz/Brookfield Zoo)

Ring-tailed Lemurs at Brookfield Zoo enjoy 9th annual Thanksgiving feast

The annual tradition of Brookfield Zoo’s ring-tailed lemurs receiving an early Thanksgiving feast took place today, November 23. Now, in its ninth year, the animal care staff prepared the meal for the primates that featured all the trimmings laid out on a fall-themed table setting. This year, the menu for the lemurs—15-year-old Moses and 12-year-old…

Palos Heights' Thomas Chong tags one of the hundreds of trees being sold by the Palos Lions Club. (Photos by Jeff Vorva)

Palos Lions trees have arrived and are ready for sale

By Jeff Vorva For more than three decades, the Palos Lions Club has been selling Christmas trees Close to 600 trees arrived at the lot on Harlem Avenue near 127th Street on Saturday. The only difference this year is that unlike in past years, there are no monster-sized trees available. “We can’t get the bigger…

Stickney Mayor Jeff Walik holds up a Veterans Parking Only sign that will be installed at various village locations (Photo by Carol McGowan)

Stickney to designate parking for veterans; will add more police officers

By Carol McGowan The Village of Stickney has approved the installation of parking signs to designate spots for veterans. At the November 15 Village Board meeting, Mayor Jeff Walik revealed the sign and explained why they were going up at various locations in the village. “I was recently at Jewel in the village, and saw…

Orland Park Mayor Keith Pekau said other communities can learn from the way Orland Park does business. (Photo by Jeff Vorva)

After congressional loss, Pekau ready to keep Orland Park a ‘fantastic town’

By Jeff Vorva In Orland Park Mayor Keith Pekau’s first board meeting since his loss to Sean Casten for a congressional seat, he expressed disappointment with the loss but said he was happy he is still running the village. At Monday’s meeting, Pekau said he was not happy with the way the elections turned out…

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