Fill the Retirement Income gap

How Reverse Mortgages can Fill the Retirement Income gap, who qualifies, and how much can be borrowed? from Planadviser and Lee Barney . Reverse mortgages make sense for retirees who wish to remain in their home, who need some additional income and who are not concerned about leaving the equity in their home to their…

Secrets of wealthier retirees. 4 reverse mortgage loan secrets of wealthier retirees. Bankrate.com By Dana Dratch Some retirees who are in better-than-average financial shape are embracing reverse mortgage loans as a smart financial planning tool. For example, they’re taking out reverse mortgage loans — particularly reverse mortgage lines of credit — in case their investments come…

Use Home Equity. A smart way for seniors to tap home equity. By KATHY KRISTOF CBS MONEYWATCH Mississippi retiree Richard Blackmon couldn’t fathom leaving the three-acre compound that he calls home. But debts that built up during his working years were draining his bank account and leaving him increasingly stressed about money. When he saw an…

Reverse mortgages have an image problem story in Investment News written by Mary Beth Franklin. A rose by any other name may smell just as sweet, but when it comes to a home equity loan, one that is labeled “reverse mortgage” just plain stinks. That’s the conclusion of new research released Wednesday by the National…

Realizing Peoples Needs. I found this in the Chicago Tribune. Written by Benny L. Kass. Benny is known for badmouthing Reverse Mortgages until now…….. Q: We need money to pay for some personal matters. We are both 65 years old and have a small mortgage on our house but have plenty of equity. We are…

Retirement in trouble.Read CNBC’s “Your retirement is in trouble … what are you doing about it?” CNBC.com by Darla Mercado | @darla_mercado Americans are losing sleep over their ability to retire, but few are doing anything about it. Those were the findings from a recent retirement confidence survey conducted by the Employee Benefit Research Institute.…

Gray Divorce. The only reason I would post this is because I have seen more than 5 cases in Birmingham, Alabama where a judge ordered a Reverse Mortgage as a way to settle assets in a divorce case involving people age 62 or above. Gray Divorce on the Rise in America, Says Pew. Divorce among…

Reverse Mortgage 10 faqs. 10 things you wanted to know about reverse mortgages. Augusta Free Press Reverse mortgages are popular at the moment and with good reason as it is one of the best ways for seniors to tap into equity they built up in their homes. In some cases, this might be the…

How to Get a Reverse Mortgage. Reverse Mortgage Alabama brings you the facts on several steps to invloved in the Reverse Mortgage process. I usually meet with you in person , close in 30 days, so its really not much work at all on your part. Story below I found on by Nerd Wallet and The…