Can You Afford In Home Care

Can You Afford In-Home Care? Look at the costs involved and your budget to see how to pay for home care services. If you’re considering getting in-home care, consider the following criteria to see what costs to expect and the different payment options available for this type of care. AMID HEADLINES OF COVID-19 infiltrating nursing…

Not Your Father’s Reverse Mortgage The reverse mortgage industry has come a long way since 1987 when Congress passed an FHA insurance bill called the Home Equity Conversion Mortgage Insurance Demonstration. This was a reverse mortgage pilot program that insured reverse mortgages. In 1988, President Ronald Reagan signed the reverse mortgage bill into law. It…

How to Plan and Pay for Long term Care With and/or Without Insurance Seniors have been the most vulnerable population during the coronavirus pandemic. They have been especially hit hard by the health impact of the virus, as well as the financial turmoil that the virus has unleashed. But financial security is a concern for…

FPA Chair: Reverse Mortgage Refinements Make Products Easier to Recommend The evolution of the reverse mortgage product space has been a constant reality that the surrounding industry has had to contend with for many years, but having gone through such demonstrable and customer-focused periods of change is exactly what has made reverse mortgages more appealing…

Need Cash in These Tough Times? Here Are 16 Strategies These are financially stressful tough times. If you could use some more cash, put some of these ideas to work. I found this article today in the Motley Fool- an investment blog. I thought I needed to shre this in these tough times. The ongoing…

Birmingham and Huntsville Alabama Reverse Mortgage information

Everything You Need to Know About Reverse Mortgages – Money Magazazine For seniors wondering how to fund retirement, tapping the wealth you’ve built in your home can seem appealing. But reverse mortgages are complicated and can have big downsides you need to aware of before you commit. Reverse mortgages allow you to spend down your…

Seniors turn to reverse mortgages as a cash lifeline during the coronavirus crisis. CNBC More seniors turn to reverse mortgages as a cash lifeline during the coronavirus pandemic. A reverse mortgage can be used in correlation with other retirement income strategies to lessen what’s known as “sequence of return risk.” Applications for reverse mortgages were…

As Markets Wobble, Will We See a Wave of Reverse Mortgages? Over the past three months, the stock market has been on a roller coaster. Investment portfolios have followed suit, which could be particularly concerning for those who are counting on those funds for retirement. For those close to retirement, a lack of savings may…

Reverse mortgage. Very useful and very misunderstood It’s very important to dispel one common misconception about the reverse mortgage. When the borrower takes out a reverse mortgage, he or she does not give up ownership of the home. As the Consumer Financial Protection Bureau points out, the borrower keeps ownership just like all other common…

Staying Calm in Crisis. Keep a stock allocation that you can live with & still sleep. Rethinking Retirement. Kiplinger’s Like everyone else, I’ve been hunkering down trying to get used to this sometimes-stressful new normal as my retirement routine has been turned topsy-turvy by Coronavirus. I practice my yoga online, and I’ve replaced my spin classes…