A WSJ reader asking about how to exit a reverse mortgage was given another potential option for leveraging a higher home value: a refinance.
With Social Security benefits set to rise to their highest levels since the early 1980s, concern has developed due to the adjustments being tied to inflation.
An emerging debate among financial planner professionals and clients is whether charging 1% on assets under management is justified. One planner — who directed a client to a reverse mortgage — says that it is.
There was an increase of withdrawals made by workers from their retirement accounts in the closing months of 2020 presumably to meet the additional economic challenges presented by the COVID-19 coronavirus pandemic, but those withdrawals were more modest than originally expected. This is according to original reporting at the Wall Street Journal. Last March, the […]
The ongoing impact of the COVID-19 coronavirus pandemic is causing many Americans to re-evaluate how they wish to spend their retirement years, with more saying that they wish to spend those years at home. That popularization of aging in place will spur a “wave” of innovation from businesses as the need for more home-based retirement […]
Finance of America Equity Capital LLC, a portfolio company of Blackstone Group, Inc. and parent company to leading reverse mortgage lender Finance of America Reverse (FAR), is set to make an initial public offering (IPO) with a valuation of $1.9 billion, upon a merger with a special-purpose acquisition company (SPAC). The news was first reported […]
Growing numbers of American seniors are carrying forward mortgage debt, an issue that is likely to become exacerbated due to the effects of the COVID-19 coronavirus pandemic, as retirees are seeing many of their investments and accounts being negatively impacted by the national economic stand-still. This is according to data analysis from the Urban Institute […]
For an industry that often tries to communicate the benefits of either a Home Equity Conversion Mortgage (HECM) or a proprietary reverse mortgage offering to American seniors, it may be surprising to learn that there is still a segment of older people – some of whom are quite advanced in age – that are entering […]
As many American baby boomers are poised to move out of their homes by the mid-to-late 2020’s, some observers are asking what kind of effect a mass migration of older Americans will have on the housing market and in some local economies. This is according to a story published in the Wall Street Journal (WSJ). […]
Retirees should strongly consider employing a reverse mortgage loan to help fund their retirements, primarily because they can serve to protect against two major problems: falling home prices, and the increasing likelihood that a senior will outlive his or her assets. This is according to Professor Benjamin Harris, executive director of the Kellogg Public-Private Interface […]