Reverse Mortgages Can Help Millions

Reverse Mortgages Can Help Millions More Americans As the reverse mortgage industry continues to try and find new ways to expand business in the wake of difficult challenges that come with regulatory changes and generally reduced volume, one reverse mortgage loan officer was looking for an opportunity to share a novel idea in terms of…

What to Look For In A Retirement Plan A retirement plan has two major objectives. One is to provide assurance that you will not run out of money at an advanced age. Reflecting this objective, and because only an annuity pays you until you die, with few exceptions every retirement plan should contain an annuity.…

Your home helps fund your retirement Many people live in their most valuable asset- their home. Here’s how its value could help you retire on your terms. Story from Merrill Lynch; one of the first large financial planner group that understood the HECM concept and how it helps sustain longevity. Also, Merrill Lynch send me…

A Mortgage That Pays You. Your parents have spent years faithfully making monthly mortgage payments. Maybe it’s time to let that hard-earned equity give them cash in their bank account. I found this explanation in the Family Circle and thought to myself ” I continue to bring people Reverse Mortgage news, but usually it’s from…

Why Open A Reverse Mortgage Before It’s Needed? I have been preaching this sermon for years and some financial planners have started to listen. Open the Reverse Mortgage early in life and let the line of credit grow. The Elder Care publication (NAELA) wrote a front page article last spring call Long Term Care Insurance…

Nearly a Third of Retirees Would Prefer to Live Somewhere Else When asked directly if they would choose to live where they currently reside in retirement if given the option to choose again, nearly a third of respondents said “no” in a survey conducted primarily with people aged in their 70’s or above. The survey,…

Understanding Why And How The HECM Line Of Credit Grows Understanding Why And How The HECM Line Of Credit Grows by Wade Pfau the RETIREMENT RESEARCHER A mortgage’s effective rate is applied not just to the loan balance but also to the overall principal limit, which grows throughout the duration of the loan. How the…

Alternative home equity tapping products are largely seen by reverse mortgage originators and an industry observer as uncompetitive with the product, according to outreach conducted by RMD. The concept of allowing equity-rich and cash-poor homeowners to tap the value in their homes in order to gain access to additional cash has been growing beyond more…

Where and How Retirees See Themselves Living Over 80 percent of people aged 50 and over plan on living at home as they age, and 75 percent say that failing health would be a factor that would push them toward residence in an assisted living facility, followed by the loss of the ability to drive…

My nursing home horror story In my line of work, I have seen and heard many nursing home stories. I have a lot of experience helping families use a Reverse Mortgage to supplement the cost of long term care or nursing home care. My recent experience is more disturbing that anything I had previously heard.…