Reverse Mortgage Alabama | News and Blogs

Financial Advisors View Changing Slowly about Reverse Mortgages being a longevity tool. Reverse Mortgages Seen By Advisors As Option Of Last Resort Time was, reverse mortgages were anathema to financial advisors. One big reason was self-serving: Since the loans provide an income stream, they meant less client money for advisors to manage—and from which to…

Mortgage Professor’ to Launch ‘Retirement Income Stabilizer A forthcoming program aimed to stabilize retirees’ finances will help connect the dots for those striving to establish their post-working life’s income. The program is being established by Jack Guttentag, a.k.a. “The Mortgage Professor,” who has long been a proponent of reverse mortgage use. He identifies issues ranging…

Potential Sources of Retirement Income and Tips to Use Them My job over many years has changed as the Reverse Mortgage (HECM) has evolved. Now I am more of a small part older Americans longevity and retirement resources strategy. Investing in multiple sources of retirement income while working allows you to create significant savings and…

MIT Researcher: Why Financial Advisors May Become ‘Longevity Advisors’ I have been saying from my own personal experience and many clients that this is a great product to start at a young age of 62-65 and let the credit line grow and grow until they need it for some type of care especially in…

Is a Reverse Mortgage Right For You? Read Answers to Popular Questions to Find Out Have you heard the term Reverse Mortgage popping up lately? If you’ve been looking for an extra source of income at retirement age, this could be your answer. Before you decide to go through with a reverse mortgage, you need…

High Homeownership, Low Income Are Future For America’s Seniors from Harvard A new report from Harvard University’s Joint Center for Housing Studies reveals emerging trends for America’s senior population, as well as notable implications for the future of the reverse mortgage market. The market for home equity solutions appears to be growing, based on the findings from the…

Reverse Mortgage 2nd Appraisal Recently FHA / HUD has another Reverse Mortgage caveat. Now all appraisals will be previewed prior to final approval and approximately 20% will have a 2nd appraisal ordered to make sure the 1st wasnt overinflated. I found a great story this morning explaining how this will work. Tips to Addressing The New…

Eliminate Mortgage Pre Retirement Why you should pay off your mortgage before you retire and what to do if you can’t written by Liz Weston, published by NerdWallet.com Most people would be better off not having mortgages in retirement. Relatively few will get any tax benefit from this debt, and the payments can get more…

Experts Tout Benefits of Reverse Mortgages to Financial Planners Reverse Mortgages are not looked at anymore as a bad thing, but a longevity tool. Several Ivy League economy colleges have study groups looking for ways to take care of our aging. A Reverse Mortgage can benefit by supplementing your retirement income. As finances are uncertain…

Rising Healthcare Costs Key Factor in Planning Retirement I have been studying this for my family and am not surprised, but for those who don’t know know staggering heath care costs can be, they can take out savings in one year. As long term care costs have risen 3% from 2017 to 2018, seniors need…