reverse for purchase
Reverse Mortgage Property Tax Requirements
Understand reverse mortgage property tax requirements, payment options, and practical steps Alabama homeowners can take to remain securely in their homes.
Read MoreHow the HECM for Purchase Program Works in Birmngham
Learn how the HECM for purchase program can help eligible Alabama homeowners buy a new primary residence with no required monthly mortgage payment due.
Read MoreHECMs Explained.
Learn how home equity conversion mortgages HECMs work for Alabama homeowners, including eligibility, costs, responsibilities, and choices for retirement.
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 More3 Ways Retirees Can Prepare for a Recession
3 Ways Retirees Can Prepare for a Recession Retiring is a significant financial achievement. However, the highly publicized conjecture of an impending recession has added layers of complexity and concern for those who’ve recently retired or are preparing to do so. However, with strategic planning and informed decisions that look to all asset classes, retirees…
Read MoreHow Tariffs Could Impact Economic Growth
How Tariffs Could Impact Economic Growth Fed Official Revises Interest Rate Cut Forecast for 2025 Inflation remains the key factor influencing interest rate decisions. The Federal Reserve consistently emphasizes its dual mandate when making interest rate decisions. Established in 1977, this mandate requires the Fed to: Promote maximum employment Maintain stable prices and moderate long-term…
Read MoreMortgage rates fall again as economy cools further
Mortgage rates fall again as economy cools further Mortgage Rates fall for home loans for the sixth straight week as concerns about the economy buffeted financial markets. In the week ending March 6, 30-year fixed-rate mortgages averaged 6.63%, Freddie Mac announced Thursday. That’s down from 6.76% last week, and marked the biggest weekly decline since…
Read MoreWhy more retirement age Americans keep working
Why more retirement age Americans keep working I have wondering for years how are fixed income seniors making it. From my 18 years in the Reverse Mortgage business before Covid; I kknow how much of all monthly income. I know many have went back to work to survive. In recent years, a growing number of Americans…
Read MoreReverse Loan Pros and Cons
Reverse Loan Pro and Cons Rising costs for homeowners’ insurance, healthcare, and groceries are making it increasingly difficult for seniors to thrive. One effective solution is to suggest a reverse loan. This option can help senior members improve their cash flow without withdrawing funds from the branch. Here are some common questions senior members might…
Read MoreResponsibly Using a Reverse Mortgage
Responsibly Using a Reverse Mortgage in a Retirement Plan Reverse mortgages have long been thought of as merely a last resort for someone’s retirement plan, the only remaining alternative when nothing is left to draw on. Before 2013, lending rules were very different and reverse mortgages got a bad rap for giving borrowers up to…
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