How To Buy a House When You’re Retired

How To Buy a House When You’re Retired People entering into retirement may consider purchasing a home once they do so. However, most retirees are on a fixed income in their retirement years and must be careful when considering using their savings for a major purchase. Retirement at Any Age: Get Top Retirement Tips for […]

Now’s a great time for a reverse mortgage

Now’s a great time for a reverse mortgage In today’s economic climate, clients need financial solutions that make sense. Today’s economic circumstances are taking a toll on retirees. From delaying major purchases and driving less, to cancelling or curtailing travel plans, many are sacrificing to make ends meet. Retirees need solid financial options to help ease […]

Aging Parents Need Home Care

How to Know If Your Aging Parents Need Home Care. by Elder Law Answers Friendly nurse interacts with senior woman in home setting.As our parents get older, we must make tough decisions regarding their health care. It can be hard to know when to bring in professional support in the form of home care. Consider […]

Getting a reverse mortgage

Senior citizens and thier dog

Questions one should ask before getting a reverse mortgage Older homeowners aged 62 and older are sitting on a mountain of equity. Over $11 trillion dollars according to the National Reverse Mortgage Lenders Association’s Risk-Span Reverse Mortgage Market Index. With seniors awash in home equity is this a good time for older homeowners to tap […]

Everything to know about reverse mortgages

Reverse Mortgage on Craftsman House. Reverse Mortgage Alabama

Everything to know about reverse mortgages BY ALY YALE. CBS NEWS.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief. With products like cash-out refinances, home equity loans or HELOCs, you can […]

Long-Term Care and Housing

Many Middle-Income Seniors Will Not Be Able to Pay for Long-Term Care and Housing in 10 Years Total Number of Middle-Income Seniors Expected to Grow by 89 Percent by 2033 CHICAGO, August 31, 2022 – By 2033, more than 11 million middle-income seniors aged 75 and older may not be able to pay for assisted living and […]

If You Need Cash in Retirement

 If You Need Cash in Retirement. Retirement & Financial Planning Report. FEDWEEK Reverse mortgages allow homeowners to tap home equity even if they can’t sell their home; this can supplement retirement funds.  While hopefully your plan for funding your retirement will provide what you need, you may find that you have needs for cash that […]

Can a Retired Person get a Mortgage?

Can a Retired Person get a Mortgage? Every person takes a different life path. You hear of older or retired individuals getting married or enrolling in college all the time. Age doesn’t preclude enjoying the perks of home ownership, either. There is no age restriction for getting a mortgage, according to the Equal Credit Opportunity […]

Think you can’t buy a house if you are an older adult, or self-employed?

Think you can’t buy a house if you are an older adult, or self-employed? It might be possible. ‘There is a misconception that older adults cannot obtain a mortgage.’ How I bought my first house in my 60s I wanted to buy a house of my own. After several years filled with changes in location, […]

Obstacle to a Comfortable Retirement

Workers Say Inflation Is Now the No. 1 Obstacle to a Comfortable Retirement Hoping to retire, crack open a book and relax on the beach sometime soon? Not so fast. The soaring prices you’re seeing at the grocery store, gas pump and — well, everywhere, really — may complicate things. Inflation is now the top obstacle standing in the way of […]