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…

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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…

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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…

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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.…

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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…

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Take Social Security Now. 3 Awful Reasons to Take Social Security at 67. Waiting to take your retirement benefits is often a smart move, but there are some situations where it doesn’t make sense. The Motley Fool by Dan Caplinger Many Social Security experts suggest waiting well beyond the earliest claiming age of 62 to…

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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…

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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…

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Mortgage Facts. USA Today has 13 mortgage facts that might surprise youSelena Maranjian, The Motley Fool Nebraska is the rated highest among states for housing affordability. Vermont offers a good employment landscape for under-35 home buyers. Newslook These nuggets of knowledge are not only interesting, but they can save you many thousands of dollars, too,…

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Scam Prevention. FDIC Issues Updates to Elder Scam-Prevention Program The government has always considered seniors a protected class, making sure they don’t get scammed and I am a big proponent of that myself. I have told my clients before to go put this money in a new bank you have never been to before because…

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