Posts Tagged ‘retire’
9 Reasons To Consider A Reverse Mortgage
Increasing numbers of homeowners around the US are using Reverse Mortgage Loans to boost their income in retirement. With a Reverse Mortgage you could take advantage of your property value now, without having to move or downsize. If you are over 62, this is why you should consider a Reverse Mortgage. 1) A Home Equity…
Read MoreShould Retirees Buy a Home With a Reverse Mortgage?
How do you buy a home after retiring? If you have one that’s paid for, you could sell and use the proceeds to buy another. You could raid your savings if you have enough. Or you could get a mortgage if you have enough income and good credit. But even if that’s possible, who wants…
Read More10 Questions To Ask If You Want To Move Abroad When You Retire
Retiring to another country requires a lot of research. You must narrow down all the possible locations around the globe to the one that you think will best support your ideal lifestyle. This involves finding answers to important questions like: Is the cost of living in line with my retirement budget? Does it have the climate I…
Read MoreMore Americans aging into retirement are still paying down mortgages
Mortgages make up about 70% of household balances. Conventional wisdom has long recommended that homeowners pay off their mortgage before retiring. Yet over the past three decades, more older adults are carrying their mortgage into retirement, while the amount owed has increased dramatically. The combination adds to economic insecurity for many older Americans. For homeowners,…
Read MoreShould Retirees Buy a Home With a Reverse Mortgage?
How do you buy a home after retiring? If you have one that’s paid for, you could sell and use the proceeds to buy another. You could raid your savings if you have enough. Or you could get a mortgage if you have enough income and good credit. But even if that’s possible, who wants…
Read More‘Old’ Brains Increase Risk Of Death, Alzheimer’s
They say age is all in your mind — and that might literally be true, a new study reveals. People with “young” brains — brains aging more slowly than their actual age — are much less likely to die or develop Alzheimer’s disease than those with “old” brains suffering from accelerated aging, researchers reported July…
Read MoreFive Year Retirement Plan Should Consider Reverse Mortgage
A recent New York Times article offers a concise 5-year countdown-to-retirement plan, with the final year of the timeline being the time to –cautiously – consider a reverse mortgage. Offered as a way to make ends meet if you’re planning to stay in your current home, reverse mortgages are a “fourth- or fifth-tier line of…
Read MoreHow Reverse for Purchase can help baby boomer borrowers
Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years. According to data from Statista,…
Read MoreReverse purchase financing: The financing option no one is talking about
Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and…
Read MoreGood Mental Health Could Be Key to Hip Fracture Recovery
Many seniors suffer long-term health issues after a hip fracture, even after hip replacement surgeries. Now, research shows that a patient’s mental health could be crucial to how well they bounce back in the years after these injuries. “Addressing overall mental health during the recovery process from hip fractures is crucial,” concludes study senior author…
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