Posts Tagged ‘mortgage’
3 Problems Reverse Mortgage Lenders Can Solve for Borrowers Right Now
A reverse mortgage has never been a one-size-fits-all solution. For some borrowers it helps bridge a specific financial gap; for others its a means of eliminating a monthly mortgage payment. Still for others, it’s a rainy day fund that can cover unexpected expenses. But there are other common problems a Home Equity Conversion Mortgage can…
Read More5 Ways A Reverse Mortgage Can Help Your Retirement
The old notion that reverse mortgages should only be taken out as a last resort simply is no longer true today. In fact, I believe there are five ways reverse mortgages can improve your retirement income plan. First, a definition: A reverse mortgage is a way to convert home equity from your primary residence into…
Read MoreHow Reverse Mortgages Can Save Retirement
One of the biggest assets seniors have is their home, and in some situations those who are facing challenges in retirement may be able to live a bit more comfortably by tapping into their home equity, explains a recent article from U.S. News & World Report. Using a home as a retirement fund is one…
Read MoreDon’t Be Afraid of Reverse Mortgages
Reverse mortgages have cultivated an aura of mistrust and skepticism over the years, mostly as a result of a generally misinformed public. But knowing how these financial products can play a vital role in retirement income planning can alleviate the most common fears about reverse mortgages, according to a recent TIME Money video segment. “Reverse…
Read MoreShould You Retire On Your House?
Many American households will face a significant retirement financing gap unless they save more, invest more efficiently, retire later, and/or distribute their retirement assets more efficiently. Yet the pain of such difficult behavioral changes might be mitigated by better use of an asset that almost 80 percent of retirees have: the family home. The Reverse…
Read MoreReverse Mortgage Line of Credit Could Fund Long-Term Care
There’s a 70% chance that people over 65 will need some kind of long-term care, including services such as home care, assisted living and skilled nursing, according to government statistics. There are lots of ways to pay for long-term care services, including Medicare, Medicaid, traditional health insurance, long-term care insurance, life insurance and annuities. Some…
Read MoreDon’t Be Afraid of Reverse Mortgages
Reverse mortgages have cultivated an aura of mistrust and skepticism over the years, mostly as a result of a generally misinformed public. But knowing how these financial products can play a vital role in retirement income planning can alleviate the most common fears about reverse mortgages, according to a recent TIME Money video segment. “Reverse…
Read MorePutting it in reverse, advisors warm to reverse mortgages
It’s no secret that Americans are largely unprepared for retirement. But according to some financial advisors, they could be improving their financial standing significantly by factoring in home equity into a comprehensive retirement income plan. Reverse mortgages give seniors who are at least 62 years old a way to convert their home equity into cash.…
Read More5 Ways A Reverse Mortgage Can Help Your Retirement
The old notion that reverse mortgages should only be taken out as a last resort simply is no longer true today. In fact, I believe there are five ways reverse mortgages can improve your retirement income plan. First, a definition: A reverse mortgage is a way to convert home equity from your primary residence into…
Read MoreNew Research Links Reverse Mortgages to Financial Well-Being
Senior homeowners can tap into their home equity in a variety of ways, whether that means taking a reverse mortgage, a home equity line of credit (HELOC) or cash-out refinance. But when it comes to deciding between these different extraction methods, reverse mortgages can have a positive impact on financial well-being of borrowers, according to…
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