Why Home Equity Matters

Why Home Equity Matters Why Home Equity Matters. Home equity—the current value of your home minus your mortgage balance—matters because it helps you build wealth. When you have equity in your home, it’s a resource you can borrow against to improve your property or pay down other high-interest debts. However, it’s also volatile because home…

11 Ways Caregivers can Keep a Marriage Healthy This something that is geting more fmailiar by the day. Nursing homes and in home care can cost over $100,000. Many people elect to move mom or dad in with them. Caring for an aging parent can be stressful beyond belief. According to an article published in…

4 Surprising Sources of Retirement Income Consider these four uncommon sources of retirement income if Social Security, 401(k), and pensions can’t meet your needs. It’s scary to stop earning income when you stop working, but everyone dreams of a comfortable retirement, so it’s a bridge you’ll have to cross eventually. Popular sources of retirement income,…

Preserving Senior Wealth and Health with Reverse Mortgage On the heels of the last economic rebound came this year’s untimely pandemic outbreak. The remnants of its impact will surely take years to measure, but its universal effect was felt immediately. A call to public health and safety prompted a substantial and abrupt earning shift across…

10 Things You Should Know About Your Elderly Parents Finances What would happen if you had to suddenly take over management of your parents finances? If your mom or dad were to fall ill or become incapacitated, someone has to continue paying their bills and managing their money. This scenario happens in many families. Are…

Go Ahead and Spend Your Children’s Inheritance. It’s mostly the super-rich who can afford to leave money to their kids. Trying to leave a bequest could put older people in a tight spot. Finance author Chris Farrell once told me about a panicked 83-year-old woman with four kids who was on track to run out…

How Does A Reverse Mortgage Calculator Work? If you’re a senior and thinking of tapping into the equity you’ve built up in your home by taking out a reverse mortgage loan, then you likely have a lot of questions, especially if you’re entertaining this idea for the first time. It is only natural, considering that…

Housing Experts: Reverse Mortgages Well Suited to Address Aging in Place Issues The Reverse mortgage program can be a very valuable tool for addressing issues related to aging in place in the United States, as well as circumventing some problems related to the spread of COVID-19 in senior housing and nursing facilities. However, some issues…

Partial Retirement Should be Embraced Through Reverse Mortgages Written by Jack Guttentag- The Mortgage Professor. Partial Retirement: An Inevitable Trend That Needs Support. People are living longer but they are not increasing the accumulated wealth needed to support a longer life of retirement. On the contrary, the swing from defined benefit to defined contribution pension…

How to Determine if Aging Parents Need Help at Home How will you know when your aging parents need help at home? One thing is certain: your aging parents aren’t likely to be the ones who tell you they need a helping hand! Admitting the need for help and accepting assistance are not easy for people…