Line of Credit Payment

DEFINITION of ‘Line-of-Credit Payment Plan. A recent article on investopedia that explains ye line of credit benefit. A method of receiving reverse mortgage proceeds that lets the homeowner borrow funds only as needed. The line-of-credit payment plan establishes a total amount the homeowner can borrow, called the initial principal limit, based on the homeowner’s age, the home’s…

Exploring Home Equity Amid Stock Market Uncertainty. The recent volatility in the stock market has brought stress and uncertainly to many retirees and investors. So far, the roller coaster ride has yet to significantly impact the reverse mortgage industry, loan originators said, but that could change if stocks continue to lose value. As companies were…

Strategies for Getting (and Staying) Organized While Caregiving Caring for a vulnerable elder can be rewarding as well as frustrating. It can increase our self-esteem to know that we are helping someone in need, but it can also burden us as we grapple with this difficult task and the fact that we aren’t perfect caregivers.…

Marketing the HECM for Purchase as a Lead Generator for Realtors Using a reverse mortgage to buy a home remains one of the white whales of the industry: Long touted as a potential way to boost loan originations and home sales alike, uptake has never quite met the lofty expectations for the product. But that…

Top 3 Excuses From Siblings Who Don’t Help With Care giving Unfair as it may seem, even in families of many adult children, one sibling us-ually becomes the primary caregiver for their aging parents. In many families, such as mine, this person is the one who lives the closest to the parents and/or is most…

Use Home Equity to Age in Place Advice from our webinar on reverse mortgages, home equity lines and refinances. A new Bankrate survey says 62 percent of homeowners never plan to move. If you’re one of those who’ll be aging in place, you may be considering using your home equity to help do it, by…

Retirees Save With Reverse Mortgage for Purchase : Forbes Column While many senior homeowners opt to relocate in retirement, they may be missing out on an opportunity to mitigate problems and best support their retirement, writes reverse mortgage proponent and financial advisor Jamie Hopkins in a Forbes column this week. Presenting the historical landscape for home equity growth…

Reverse Mortgage Inheritance What reverse mortgage means for inheritance Q. My parents are using a reverse mortgage to generate funds for daily living. Recently, someone suggested that they should have created a revocable trust for the home — which is quite valuable — so that it could pass to me and my brother more easily. Is…

Managing Dementia Outbursts Through Redirection and Relearning Some things you never forget how to do, like riding a bike. Although that’s not necessarily true for Alzheimer’s and dementia patients, this concept is the basis for a technique that thwarts anxious behaviors by directing attention to familiar activities or things enjoyed in the past. AnnaMarie Barba…

3 Questions for Clients Who Are Looking at Senior Care Options Some clients have to move from planning for long-term care to implementing the plan. Financial advisors wear many hats when providing their clients with guidance about their futures, and fielding questions about care for aging parents often comes with the territory. Choosing the right…