fixed income
Five Reasons people hold off on taking out a Reverse Mortgage. Sometimes they wait until it’s too late
*Fear of making a mistake*Family influence or outside opinions*Confusion about how the loan really works*Feeling overwhelmed by too many details or steps*Not seeing enough urgency to act now*Something is still holding you back. What feels unresolved to you?” *I can help “unstick” the conversation, and the process includes:*What would need to happen for you to…
Read MoreWhat is a Reverse Mortgage?
I pulled this word by word from the AARP handbook. There are also single-purpose reverse mortgage loans offered by states or local governments — these are often designated for paying property taxes or covering home repairs — as well as proprietary reverse mortgages with fees and terms that can vary by lender. Proprietary reverse mortgages…
Read More“This IS a Reverse Mortgage Customer!”
“This IS a Reverse Mortgage Customer!” Maria is 62 years old and still owes $125,000 on her $500,000 home. She has a good job and intends to work for another 6 years, retiring at age 68. She has no problem making her $1,200/month P&I payment on her current mortgage (with a 5% interest rate), BUT she…
Read MoreHow can Americans; especially senior Americans live with these high grocery prices?
Understanding the 60% Reverse Mortgage Rule: 5 Key Takeaways. Yahoo.com and Realtor.com
The Realtor.com Team.Mon, August 25, 2025 at 1:18 PM CDT1 min read When considering a reverse mortgage, understanding the 60% rule is crucial for older homeowners. This rule, which limits the initial access to home equity, is designed to ensure financial stability over time by preventing borrowers from depleting their funds too quickly. The rule…
Read MoreReverse mortgage pros and cons experts say to know in today’s economy. Moneywatch. CBS.
Reverse mortgages can be a useful tool for seniors, but there are a few things experts say you should know now.While inflation is down from a year ago, it has recently started to creep back upward again. When you throw in high interest rates and declining wage growth, many Americans are feeling the financial burn.…
Read MoreThere are multiple ways to supplement Social Security income that seniors may want to investigate right now.
3 ways seniors can supplement their Social Security now. Moneywatch There are multiple ways to supplement Social Security income that seniors may want to investigate right now. Recent news that Social Security’s insolvency could hit a year earlier than initially expected wasn’t exactly welcome by seniors reliant upon the funds the service provides. Combined with…
Read More6 Key Signs You’ll Run Out of Retirement Funds Too Early
The thought of running out of money in retirement keeps plenty of Americans awake at night. In a survey of financial planners by the Financial Planning Association and the Journal of Financial Planning, over 47 % of respondents rated running out of money as their clients’ greatest retirement fear, with another 22% saying it was…
Read MoreHere are the 6 levels of wealth for retirement-age Americans — are you at the top or bottom of the pyramida.
If you’re planning your own retirement, you probably have a retirement savings goal in mind. Americans believe the “magic number” they need to retire comfortably is $1.26 million, according to a survey by Northwestern Mutual. Comparing your number with the actual net worth of retirement age American seniors should give you an idea of how…
Read MoreIs a reverse mortgage or HELOC better for seniors
Is a reverse mortgage or HELOC better for seniors? Experts weigh in The choice between a reverse mortgage or HELOC can be a tough one for seniors.Though easing inflation and the Federal Reserve’s recent rate cut should help to ease the pressure on many Americans, some are still struggling financially. That might mean turning to credit cards to make ends meet or,…
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