A financial planner who recommends reverse mortgages to his clients shares five metrics he has found helps to measure the potential success of a client’s prospective reverse mortgage loan.
A financial planner describes how a reverse mortgage is a “proven” strategy for bolstering retirement at age 62.
A financial advisor goes over some key metrics when evaluating whether or not a reverse mortgage would be an optimal choice for a potential borrower in this piece from The Street.
Financial columnist and CFP Bill Harris writes about how a reverse mortgage can be used by a surviving spouse navigating potentially difficult financial waters after enduring a loss.
When keeping in mind the pros and cons of a home equity line of credit, one financial planner and industry participant describe how a reverse mortgage could be a better choice for some seniors.
Home equity can help provide a path to a more secure retirement in light of increasing senior home equity, and rising retirement instability according to a new column at The Street.
A reverse mortgage, specifically a federal government-sponsored Home Equity Conversion Mortgage (HECM), has a lot of moving parts that may make the product concept intimidating for some people. For those who are looking for alternative ways to try and create more cash flow in retirement, there are clear benefits as well as some inherent complexities […]
Product education is a major focus of reverse mortgage companies, and a major focus of the industry’s educational efforts in recent years has been focused on the financial advisor community. When advisors have an aversion to the product category, it’s the industry’s hope that additional information about reverse mortgages can help them to “come around” […]
Divorce is an often painful, difficult process no matter when it’s decided on as a solution, but the difficulty and complexity of the process can increase significantly for those at or near retirement. If a senior is facing the prospect of a divorce and can consequently run into issues related to cash flow, a reverse […]
If a borrower elects to make voluntary payments on a reverse mortgage’s interest to manage its compounding, there can be positive tax benefits for the borrower who is seeking to manage their retirement finances by the use of home equity through a reverse mortgage. This is according to Shelley Giordano, co-founder of the Academy for […]