Benefits of a reverse mortgage
Benefits of a reverse mortgage. Is a reverse mortgage worth it? Moneywatch. CBS News Reverse mortgages provide some unique benefits compared to other home equity options. If you’re a senior looking to reduce expenses or have extra income, you may have come across a product known as a reverse mortgage. Reverse mortgages are a funding source…
Read MoreVA Mortgages Will Get Cheaper
VA Mortgages Will Get Cheaper In April, Just In Time For Homebuying Season Some mortgages backed by the U.S. Department of Veterans Affairs (VA) will cost a little less this spring, thanks to a reduction in one of the mandatory closing costs. Beginning on April 7, the VA funding fee—a required fee for nearly all…
Read MoreReverse Mortgages and Long-Term Care
Reverse Mortgages and Long-Term Care: The Pros and Cons Planning for the care of a loved one can be a daunting task. Many of the questions that arise during the process will consider the type of care that may be needed — for example, will your loved one be able to stay at home with…
Read MoreHousing Market This Spring
After seven straight months of home price declines, here’s what 6 economists and real estate pros say to expect from the housing market this spring. Pros predict what will happen in the housing market this spring. The spring home buying season is upon us — and even ahead of it, we saw home sales rise.…
Read MoreStocks Could Struggle In The Days Ahead
I brought this to my news page to ensure my clients are able to keep up with things that may affect their decision. Wharton professor Jeremy Siegel warns the recession threat is growing – and stocks could struggle in the days ahead. Jeremy Siegel sees a rising risk of recession and a downbeat outlook for…
Read More10 cheapest U.S. states to retire in
The 10 cheapest U.S. states to retire in—Florida barely makes the list While Florida is often considered a popular retirement destination due to its warm climate and lack of state income tax, it isn’t the absolute cheapest state to spend your golden years in. Rather, Alabama is the most affordable state to retire in, according to WalletHub’s “2023…
Read More10 Reasons You Won’t Need $1 Million to Retire
10 Reasons You Won’t Need $1 Million to Retire Many people believe having $1 million in the bank is a magic number that can allow them to retire. But do you really need that much? Numerous factors play a role in the decision of how much money you need to retire, including the lifestyle you…
Read MoreAmericans are falling deeper in debt
Nearly half of all Americans are falling deeper in debt as inflation continues to boost costs KEY POINTS With inflation hitting a 40-year high in June, Americans are struggling to keep up with rising prices and putting less money aside for emergencies or long-term financial goals, several studies show. Americans’ overall satisfaction with their financial…
Read MoreBest Small Towns For Retirement
Best Small Towns For Retirement When looking for a city to retire in, you should consider all factors that could add to a high quality of life. Affordability can be essential for older adults on a fixed monthly income. Walkability, access to healthcare and recreational activity, and a low crime rate can all make a retirement city ideal.…
Read MoreFinancial Assessment
How Financial Assessment Made Reverse Mortgages Safer This financial assessment process is conducive to making the Home Equity Conversion Mortgage (HECM) an even safer loan product. If a potential borrower can swallow such an absurdity he need not be concerned about who this financial assessment (FA) is making the product safer for! The FHA wants…
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