Reverse mortgages are getting a notable amount of new interest from American seniors due to the ongoing effects of the COVID-19 coronavirus pandemic, according to a newly-published column in Financial Advisor magazine. “Home Equity Conversion Mortgages (aka, reverse mortgages) allow those 62 and older to take equity out of their homes without monthly repayments; the […]
A surprising number of investors aged 65 and older have reacted to the market volatility generated by the COVID-19 coronavirus pandemic by selling off all of their stocks, divesting themselves entirely from their exposure to the market. This is according to data from Fidelity Investments as cited by LPL Financial in a report at Financial […]
Reverse mortgages are an “overhyped” financial tool, and can sometimes lead to an either unintended or even detrimental impact on a client’s finances, according to an article authored by a Certified Financial Planner (CFP). In an effort to compile a list of financial strategies for clients that are “overhyped” – defined in this instance as […]
Although they can often be a tough sell, reverse mortgages can likely help financial clients who find themselves running out of money in retirement. This is according to an article appearing in Financial Advisor by writer Dan Jamieson. Home equity can be tapped for a number of reasons, including to pay off existing mortgages, mitigate […]
