5 Ways Retirees Can Prepare for a Recession…in Reverse If there’s one thing that can upend retirement plans it’s a recession which an increasing consensus of economists are predicting for the US economy. Indicators like a weakening labor market, stubbornly high inflation, and declining manufacturing activity all point to a potential economic slowdown. So, how […]
What Is a Reverse Mortgage and How Does It Work? (2024 Guide)
What Is a Reverse Mortgage and How Does It Work? (2024 Guide) Living comfortably in retirement has long been financially challenging for seniors in the U.S. To cover increased expenses, many turn to the equity in their homes to increase their financial breathing room. One-way seniors can tap into home equity with a special type […]
Rate
Reverse Mortgage rate have come down a ½ point. Mortgage company rate speculators try to “get ahead”. This is not the quarter point we have been waiting for since early 2022. Instead, the rate has gone up for 19 months in a row. I am 50/50 if they will cut it, but if they do it will […]
Reverse Mortgage: Cost vs. Benefit
Pitch for Reverse Mortgage: Cost vs. Benefit I understand that considering a reverse mortgage is a significant decision, and it’s natural to have concerns about the costs involved. Let’s walk through how a reverse mortgage can truly benefit you and why it might be the right solution for your financial needs.” Acknowledging the Concerns: “I know […]
Reverse Mortgage pros and cons
Newsweek turns eye toward reverse mortgage pros and cons The new column examines potential strengths and weaknesses of reverse mortgages, according to a team judged to be financial experts A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and […]
Inflation scare
Ron Insana: The 2024 inflation scare has arrived, but there are still signs of hope for investors. U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024. U.S. Federal Reserve Chair Jerome Powell holds a press […]
