Home Equity Tapping

New Figure Hire Emphasizes Retirement, ‘More Accessible’ Home Equity Tapping Figure Technologies, providers of alternative home equity tapping tools including a sale leaseback offering that is competitive with traditional reverse mortgages, announced a new hire last month that expands the company’s positioning as a vendor of tools that can help seniors in funding their retirement.…

Reverse Mortgage Protects Retirement What the Critics Get Wrong About Reverse Mortgages by Wade Pfau Press coverage around reverse mortgages has grown more positive in recent years as new research has helped to explain how they can improve the prospects of an overall retirement income plan. However, a lingering question remains about the costs of…

12 Retirement Questions I can’t tell you what is will cost to retire? It is usually done with a specialized program and with a financial planner. But I found this interesting article that will help us all. What’s their RQ? One of the steps in assessing whether a reverse mortgage might be right for a…

Five Jaw-Dropping Stats About Americans’ Retirement Savings We think of retirement as a relaxing, carefree time in our lives when we can do whatever we please, but for many working Americans today, retirement will be more of a nightmare than a dream. Study after study has shown that many Americans are well behind where they…

Reverse Mortgage for Purchase Details by Forbes The Home Equity Conversion Mortgage (HECM) for Purchase program was initially designed in such a way so that a previously more complicated process involving two mortgage transactions could be simplified, according to Dr. Wade Pfau, professor of retirement income at the American College of Financial Services, in a new piece at…

What to Look for When Visiting an Elder in Senior Housing So, you and your loved one have taken the plunge. You’ve put in the time and effort to research senior housing options, take tours and compare your thoughts. The big move is finally behind you both. You might think the hard work is over,…

Debt Situation Grows Worse for Senior Population: Economist Seniors are more likely to hold home-secured debt, and to hold more of it today than in years past. Their percentage of held debt held has also increased, with seniors aged 75 and up having become four times more likely to hold home-secured debt in 2016 when…

About 44 percent of American workers who are saving in a workplace retirement plan feel confident they will retire comfortably. However, generation by generation, the numbers show that many individuals are way behind when it comes to reaching their savings goals. Baby boomers have made the most progress, having saved 30 percent of what they…

These people are on the verge of retiring — and they have nothing saved. 48 percent of American households over the age of 55 still have no retirement savings. This is an improvement from previous years, according to the U.S. Government Accountability Office. If you are behind on your retirement savings, there are a few…

Here’s how many borrowers should refinance after the recent drop in mortgage rates Here’s how many borrowers should refinance after the recent drop in mortgage rates. A massive drop in mortgage rates will likely spark refinance activity. Mortgage rates fell 22 basis points last week to 4.06%, an event that will likely be a gamechanger…