Reverse mortgages may be making a strong appearance in mainstream media and among financial planning conversations, but despite the recent reputation revival, a reverse mortgage is still not right for every older homeowner, Consumer Affairs reports. For potential borrowers, knowing all the facts about what a reverse mortgage really is as well as in-depth personal […]
In recent reverse mortgage news, researchers revealed there’s no reason older Americans should be avoiding reverse mortgages, and a multi-state mortgage servicer was slapped with a lawsuit. The media also continued to shed a positive light on reverse mortgages this week. As a wrap up to your week, here’s a recap of the most-read RMD […]
When people start getting close to retirement, choosing an area where they can get the most for their money and have an enjoyable life are usually priorities. Even more, reverse mortgage lenders may want to focus more on certain areas in the country that may be more populated with older adults than others. Some of […]
When it comes to finding seniors who may benefit from a reverse mortgage, the states that are ranked the best place to retire could be a good place to start. Seniors want to age in place, but they also want to be in a safe and affordable area, as well as place that is close […]
Longevity in America is at an all-time high, which means many people will be living for much longer after they retire. But this also means they will need to have more money to pay for things like long-term care. There are numerous ways people can pay for health care in their later years, but one […]
Due to the fact that women live longer than men and that women still are only making 79 cents for every dollar men make, they have a more difficult time achieving retirement security. Even with statistics not in their favor, women do still have options when it comes to financially securing themselves as they age. The […]
Though the default rate on reverse mortgages has been decreasing in recent years, there are still borrowers who are struggling and teetering on the edge of going into default. A nonprofit organization that blossomed during the height of the housing crisis is now adding the reverse mortgage sector to its docket to help combat the […]
With the incoming influx of baby boomers entering retirement age, the number of older homeowners will soar in the near future. While many will prefer to age in place, certain challenges will prevent these desires from becoming reality. But here is where a reverse mortgage can be a financially realistic option to help older homeowners alleviate […]
Aging in place is preferred by the majority of older Americans but it is not always the most cost-effective way to live later in life. Many people want to even stay in the same home and same neighborhood and there are other ways currently being explored of how they can do exactly what they want […]
Social Security is still the largest source of retirement income for the majority of people in the country, but for most, that monthly check is not enough. Tapping into home equity is not often considered as a planning strategy in retirement, but it could be a tremendous help for some retirees. The use of a […]
