The Latest Reverse Mortgage News: Forbes, CNBC and More

In light of the COVID-19 pandemic’s tightening, continued grip on the United States, some of the nation’s most prominent mainstream news outlets have turned their attention to the reverse mortgage product concept as Americans continue to seek financial relief after enduring the economic shock that the pandemic has caused. Because of the newfound financial stress […]

Washington Post: Home Equity Access Has Become ‘Problematic’

As the economic impact of the COVID-19 coronavirus pandemic continues to intensify as time goes on, the ability for Americans to access the equity in their homes has only gotten more complicated and even problematic. This is according to housing experts and data analysis appearing this week in the Washington Post. While as many as […]

Washington Post: Consider Reverse Mortgages, But Be Aware of Cons

Reverse mortgages can be viable options for older Americans who are looking to borrow money for an abundance of reasons, and should be considered based on their own merits. Still, prospective borrowers should be aware of any potential cons that reverse mortgages may have, including high upfront costs and the critical necessity of being able […]

The Inverted Yield Curve’s Potential Effects on Reverse Mortgages

The U.S. stock market fell sharply on Wednesday in response to an “inverted yield curve.” Historically, economists have seen this as a telltale sign that an economic recession is likely to transpire. “On Wednesday, the U.S. stock market tumbled after a reliable predictor of looming recessions flashed for the first time since the 2008 financial […]

Sanders Tweet Touts Importance of Aging in Place

In a Thursday tweet, Vermont Senator and 2020 Democratic presidential candidate Bernie Sanders advocated for his Medicare for All platform position by touting it as a solution to help older Americans age in place. The tweet attached a story from the Washington Post describing how the state of Maine appears unprepared to deal with the […]

WaPo: People Aren’t Saving Enough for Retirement

While homeownership may not solve all of the problems concerning bolstering one’s own net worth or issues that could come out of needing flexibility to move, making decisions early in life about the most efficient ways to save for the years they won’t be working is often a key to financial stability late in life. […]