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Steve Vernon of CBS MoneyWatch touts reverse mortgage loans

The article dispels many of the misconceptions about reverse mortgage loans including fees, legacies and policy while also explaining how the product offers an opportunity to tap home equity without selling the home – an option often overlooked based on the research. Read the full article here: https://cbsnews.com/news/reverse-mortgages-rodney-dangerfield-of-retirement-planning/

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Retirement Savings Strategies

With such a wide variety of options, saving for retirement can be a bit intimidating. Many young and even middle-aged people do not know where to begin in planning their saving strategies. Which plan is right for you and your lifestyle? There is no set in stone answer to the question of which plan is […]

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Time: “How to Care for 2 parents at Once without Going Broke”

While it might be common to hear stories about an adult child helping to provide care for their aging parent, what is the impact for those who care for both parents at the same time? Such is the subject of a recent Time Magazine, Money column. The toll of caring for both parents can take more than […]

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7 Ways to Use Reverse Mortgage as a Financial Planning Tool

In the past, the main purpose of a Reverse Mortgage was to help seniors to fulfill cash needs by allowing them to pull the equity in their homes. But today, many seniors are finding that even if they don’t particularly need to fulfill a cash need, they can take advantage of a reverse mortgage as a tool to […]

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Reverse Mortgage Loans: Too Good To Be True or a Scam?

For over half a century, reverse mortgage loans have enabled more than one million senior homeowners to convert a portion of their home equity into cash in order to supplement their retirement incomes.  Reverse mortgages offer numerous advantages to borrowers, allowing them to retain ownership and live in their homes as long as they comply with loan terms. […]

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Featured Article: 4 Ways to Save Money in Retirement

For a lot of seniors, retirement is like a finish line at the end of a race. You’ve completed a lifetime of hard work, and now you can relax and devote more time to the things you love in life. But although you’ve now got more time to enjoy, the absence of a steady income may […]

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HECM Update and Information: Financial Assessment

View the HUD’s updates here in full-text: Mortgagee Letter 2015 – 06 Mortgagee Letter 2014 – 22 For the last few months, the reverse mortgage industry has been preparing for a change called Financial Assessment, which was originally slated to be implemented on March 2, 2015. However, the Federal Housing Administration’s Department of Housing and […]

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The Best Holiday Gift Ideas for Retirees

If you have a retiree in your life, you may be familiar with the annual head-scratching question of what to get them for holiday gifts. Finding the perfect gift for retirees can prove challenging, especially if they already have a lifetime’s worth of goods or if they are trying to downsize. So what are some […]

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How to Modify Your Home to Fit Your Retirement

Now that you have reached your long awaited years of retirement, there are a few modifications you may find you would like to make. One of those modifications is adjusting your home to fit this new phase in your life. There are a few things you can do to adjust elements in your home to […]

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Understanding The Closing Costs of a Reverse Mortgage Loan

A reverse mortgage loan can be an excellent financial resource for retirees. As with any type of financial tool, it is important to have a clear understanding of all of the costs associated, including closing costs and lending fees (finance charges) and applicable interest rates, before proceeding forward. In order to help you understand the […]

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