Don’t Ignore Reverse Mortgages

Despite Tough Sell, Don’t Ignore Reverse Mortgages. from Financial Advsior Magazine. Clients who risk running out of money in retirement can likely benefit from a reverse mortgage, especially if they take out the mortgage early in retirement, according to Christopher Mayer, chief executive at mortgage lender Longbridge Financial, and Wade Pfau, professor of retirement income […]

Planners recommending a Reverse Mortgage

Why more and more financial planners are recommending to their clients a Reverse Mortgage. The proper name for this product has always been Home Equity Conversion Mortgage or HECM for short. The HECM can be used as a defensive play protecting managed assets or to pay off a mortgage. For instance, a client of mine […]

Affluent Seniors Interest in Reverse Mortgages

Affluent Seniors Interest in Reverse Mortgages When asked to serve as a sponsor at a recent retirement strategies event hosted by TheStreet, Finance of America Reverse (FAR) saw a unique opportunity to discuss ways in which home equity could be implemented into retirement strategies. What FAR Vice President of Retirement Strategies Steve Resch did not […]

Americans Don’t Save for Retirement

Americans Don’t Save for Retirement Because They Don’t Earn Enough Money Too few Americans are saving for retirement. Those who do save are putting away too little. It is only a matter of time before this sparks an economic and political crisis. Proposals for addressing this looming crisis usually fall into three categories. Some argue […]

Aging in Place

Diving Deeper into Medicare Advantage’s Potential for Aging in Place Aging in place remains a major priority for many seniors who take out a reverse mortgage, using the proceeds from their loan to help make the goal of staying in their house more possible. With newly-proposed changes to the Medicare Advantage program having the potential to allow […]

Social Security to Run Out

Report: Social Security to Run Out of Funds in 2036 The financial landscape for Social Security and Medicare federal entitlement programs, two of the most important programs in the social safety net for American seniors, has been given a bleak forecast concerning the financial solvency of the programs according to a government report issued earlier this week […]

Home Equity Tapping

New Figure Hire Emphasizes Retirement, ‘More Accessible’ Home Equity Tapping Figure Technologies, providers of alternative home equity tapping tools including a sale leaseback offering that is competitive with traditional reverse mortgages, announced a new hire last month that expands the company’s positioning as a vendor of tools that can help seniors in funding their retirement. […]

Reverse Mortgage Protects Retirement

Reverse Mortgage Protects Retirement What the Critics Get Wrong About Reverse Mortgages by Wade Pfau Press coverage around reverse mortgages has grown more positive in recent years as new research has helped to explain how they can improve the prospects of an overall retirement income plan. However, a lingering question remains about the costs of […]