A new column at Money.com advises borrowers of adjustable-rate forward and reverse mortgages that they could be getting what they might think will be a “strange” notice in the mail soon, with details on the shift away from the London Interbank Offered Rate (LIBOR) index.
For seniors entertaining a cash-out refinance, one potential alternative they might consider exploring is a reverse mortgage according to Money.com.
Among a series of six smart financial moves someone can make if they have found themselves laid off before planning to retire is the consideration of a reverse mortgage, among other steps that near-retirees can take. These other steps can include delaying the taking of Social Security, tapping existing investments, expanding a job search to […]
As more American seniors find themselves economically impacted by the COVID-19 coronavirus pandemic, more of them may be looking at new financial options that they may not have considered before in order to make ends meet. One of these new potential options may be a reverse mortgage, and it’s in that spirit that Money.com has […]