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The 60% reverse mortgage rule: What it is and how it impacts borrowers
The 60% reverse mortgage rule: What it is and how it impacts borrowers. Taking out a reverse mortgage can make sense in retirement, but there are rules that impact the process. As with most Americans, older homeowners have been facing issues with rising living costs and mounting debt. As a result, tapping into home equity…
Read MoreThere are multiple ways to supplement Social Security income that seniors may want to investigate right now.
3 ways seniors can supplement their Social Security now. Moneywatch There are multiple ways to supplement Social Security income that seniors may want to investigate right now. Recent news that Social Security’s insolvency could hit a year earlier than initially expected wasn’t exactly welcome by seniors reliant upon the funds the service provides. Combined with…
Read More6 Key Signs You’ll Run Out of Retirement Funds Too Early
The thought of running out of money in retirement keeps plenty of Americans awake at night. In a survey of financial planners by the Financial Planning Association and the Journal of Financial Planning, over 47 % of respondents rated running out of money as their clients’ greatest retirement fear, with another 22% saying it was…
Read MoreHere are the 6 levels of wealth for retirement-age Americans — are you at the top or bottom of the pyramida.
If you’re planning your own retirement, you probably have a retirement savings goal in mind. Americans believe the “magic number” they need to retire comfortably is $1.26 million, according to a survey by Northwestern Mutual. Comparing your number with the actual net worth of retirement age American seniors should give you an idea of how…
Read MoreGlobal demand for $270m securitisation of ‘flourishing’ reverse mortgages. Household Capital claims there is such “steadily growing” interest from institutional investors in these issuances that it plans to tap the market annually.
Strong backing from global insurance, superannuation, banking and credit fund investors for reverse mortgage specialist Household Capital’s $270 million securitisation’s reflects underlying institutional investor confidence in the sector, according to industry specialists. The mortgage securitisation, which was dual rated by Moody’s and S&P Global, was based on an underlying portfolio loan-to-value ratio of less than…
Read MoreGoodbye to Retirement at 67
SSA sends a misleading email regarding President Donald Trump’s tax cuts on Social Security benefits for most recipients to making the most of your Social Security benefits. While the change may seem small, it has important implications on how and when you can claim your benefits. Understanding how these changes affect your retirement strategy is…
Read MoreReal estate tycoon rips Fed Chair Powell for doing ‘more damage’ to housing market
Trump should do everything he can to cut out Jerome Powell: Real estate tycoon on new Bitcoin fundCardone Capital CEO Grant Cardone discusses the impact of President Donald Trump’s ‘big, beautiful bill,’ Federal Reserve Chairman Jerome Powell’s role in the U.S. housing crisis, and the launch of his new Bitcoin fund. As the U.S. continues…
Read MoreWhen should retirees choose a HELOC over a reverse mortgage?
MoneyWatch: Managing Your Money Experts weigh in. Retirees should closely compare their HELOC and reverse mortgage options before borrowing any equity from their home. Retirees are increasingly exploring home equity as a tool to manage their rising costs. While inflation affects all of us, retirees are particularly vulnerable to its effects because of their fixed…
Read MoreFinancial Advisors should advise thier clients about a Reverse Mortgage.
Yes, it’s possible that an investment advisor could be sued if clients lost money due to their advice and felt that the advisor should have offered a reverse mortgage as a way to supplement their income, particularly if it was a suitable option for their situation and the advisor failed to present it. Here’s a…
Read MoreHow Panicked Investors are Helping the HECM
How Panicked Investors are Helping the HECM In 2025, the HECM lending industry stands at a critical juncture—balancing long-term promise against short-term headwinds. While demographic trends continue to favor a bright future, reverse mortgage professionals are grappling with regulatory hurdles, declining loan volume, and ongoing public misconceptions. The sentiment? Cautious optimism, grounded in realism. Today,…
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