Americans’ Retirement Savings

Five Jaw-Dropping Stats About Americans’ Retirement Savings We think of retirement as a relaxing, carefree time in our lives when we can do whatever we please, but for many working Americans today, retirement will be more of a nightmare than a dream. Study after study has shown that many Americans are well behind where they […]

Reverse Mortgage for Purchase Details

single_family_house

Reverse Mortgage for Purchase Details by Forbes The Home Equity Conversion Mortgage (HECM) for Purchase program was initially designed in such a way so that a previously more complicated process involving two mortgage transactions could be simplified, according to Dr. Wade Pfau, professor of retirement income at the American College of Financial Services, in a new piece at […]

Senior Housing

What to Look for When Visiting an Elder in Senior Housing So, you and your loved one have taken the plunge. You’ve put in the time and effort to research senior housing options, take tours and compare your thoughts. The big move is finally behind you both. You might think the hard work is over, […]

retire comfortably

About 44 percent of American workers who are saving in a workplace retirement plan feel confident they will retire comfortably. However, generation by generation, the numbers show that many individuals are way behind when it comes to reaching their savings goals. Baby boomers have made the most progress, having saved 30 percent of what they […]

No Retirement Savings

These people are on the verge of retiring — and they have nothing saved. 48 percent of American households over the age of 55 still have no retirement savings. This is an improvement from previous years, according to the U.S. Government Accountability Office. If you are behind on your retirement savings, there are a few […]

Drop in Mortgage Refinance Rates

Here’s how many borrowers should refinance after the recent drop in mortgage rates Here’s how many borrowers should refinance after the recent drop in mortgage rates. A massive drop in mortgage rates will likely spark refinance activity. Mortgage rates fell 22 basis points last week to 4.06%, an event that will likely be a gamechanger […]

Everything you need to know

Everything you need to know about reverse mortgages. What is a reverse mortgage? A reverse mortgage is a type of home equity loan for homeowners 62 or older that doesn’t require monthly mortgage payments and that the home’s equity is generally paid out to the homeowner monthly. Reverse mortgages are often considered a last-resort source of […]

HECM | HUD

New HECM Head (Senior Advisor to the Department of HUD) Hopes to ‘Move Needle’ in New Role The new Senior Advisor to the Department of Housing and Urban Development (HUD) Deputy Assistant Secretary for Single Family Programs, Dr. Joshua Miller, introduced himself Monday to the reverse mortgage industry by giving a Home Equity Conversion Mortgage […]