A new study published in JAMA reveals that health care costs have become America’s largest source of debt, based on data from the period immediately preceding the COVID-19 coronavirus pandemic.
Category: Education
New research indicates that while home equity can be very useful for retirees, aversions to products like reverse mortgages or a simple aversion to taking on additional debt largely leaves equity on the financial sidelines.
The Portland, Ore. office of the Federal Bureau of Investigation (FBI) has issued a press release aimed at highlighting instances of elder financial fraud, and reverse mortgage frauds specifically as among some of the most persistent scams targeting senior citizens.
A column published at Yahoo Finance takes an uncommonly pragmatic look at the pros and cons that come with a reverse mortgage.
The Consumer Financial Protection Bureau (CFPB) is marking June 15’s World Elder Abuse Awareness Day with the addition of new educational resources which are designed to combat harmful practices aimed at older Americans.
Many seniors may be surprised to learn that there are a few less commonly used sources of cash in retirement, which can include the home through the use of a reverse mortgage according to an article at the Motley Fool.
A column at Forbes details what should be kept in mind for anyone aiming to sell a home secured by a reverse mortgage, both before and after a maturity event.
An article in Fox Business describes scenarios in which a senior should and should not consider a reverse mortgage, but also leaves a couple of important product details out.
A mortgage expert and analyst with decades of experience describes in a new podcast from Kiplinger about how reverse mortgages have positively evolved over the years into the modern Home Equity Conversion Mortgage (HECM).
In a new video appearing at Yahoo Finance, a reverse mortgage is presented as a possible option for retirees alongside an oft-repeated method often given to seniors to enhance their cash flow in retirement.
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