Welcome change of course

A welcome change of course from the Trump administration from Washington Post Virginia Rayford, 92, is facing foreclosure on her Washington home. (Salwan Georges/The Washington Post) By Editorial Board September 5 at 6:59 PM THERE ARE many good reasons for the federal government to intervene in the economy, but diverting resources from less affluent first-time home buyers…

Home Mortgage Brokers Future Changing home mortgage deduction would discourage homeownership: Toll Brothers CEO Making changes to the popular mortgage interest rate deduction would be “very bad policy,” Toll Brothers CEO Doug Yearley told CNBC. Industry sources told CNBC reducing the deduction is on the negotiating table as Republicans work to hammer out a tax reform…

HECM Product. Product vs. Process. Written by a financial planner with nothing to gain from Reverse Mortgages. By Stephen Kelley, CSA I have said it several times and written it in dozens of places, including books, columns, radio scripts (such as they are) and workshops: A good financial plan must be both financially and emotionally sound.…

Does it Make Sense to Take a HECM Reverse Mortgage on a Million Dollar Home by Jack Guttentag, Huffington Post Contributor and Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania. The question arises because the maximum amounts that can be drawn on a HECM are based on the lower of…

Senior Women – Can Your Home Boost Your Retirement Income? by Jen Turrell, Financial Personal Trainer for Senior Women, Contributor, Huffington Post Do you think of your home as your largest asset and biggest investment? A lot of people do. The main problem with this is how hard it is to get that money back out…

Reverse mortgages may be helpful to seniors- Newnan, GA News By Kandice Bell Reverse mortgages may become a trend and can be helpful to seniors in their time of need, according to mortgage experts. A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity…

Unanswered Questions are the ones we want answered. People that have an opinion of the Reverse Mortgage of 10 or 20 years ago; they are not the same, so we do spend time on unanswered questions. I was recently at a local charity event and invariably people asked what I do? My answer is always…

Age in Place: Does It Make Sense to Plan to Stay at Home? It’s a common choice to stay in your own home through the later years of life. But does it make sense to age in place, or is assisted living a better option? According to the Population Reference Bureau, the number of Americans…

Reverse mortgage after death. How to Handle a Reverse Mortgage After Death by RALPH MILLER Reverse mortgage after death questions answered. Handling an estate after the death of a loved one can be stressful. If a family member had a reverse loan, it’s important to understand how to handle a reverse mortgage after death. If…

What Seniors Should Know About FHA Reverse Mortgages FOX News — Casey Dowd Forget downsizing or migrating to warmer weather, an overwhelming number (83 percent) of pre retirees and retirees today say they want to remain in their homes for as long as possible, according to a new survey from The American College of Financial…