More Proceeds
More Proceeds Its hard to explain sometimes that the same base rate on a Reverse Mortgage can fluctuate and give you more money that another; it even harder to get a prospective client to believe me when I tell them that. All other things being equal, prospective borrowers of a Home Equity Conversion Mortgage (HECM)…
Read MoreMisconceptions
The New York Times Got It Wrong About Reverse Mortgages. Forbes Contributors by Jamie Hopkins Helps Undo Misconceptions. A recent New York Times article on reverse mortgages published a common error that feeds into negative misconceptions that continue to hinder using home equity as a strategic retirement income source. The New York Times article “Would…
Read MoreMillion in retirement savings
Million in Retirement Savings Can Disappear in 11 Years I bring these articles to my blog to hep people understand that a Reverse Mortgage is not a last resort product buy any means. Now economists are trying to find ways to help people make it in to their golden years and even be able to…
Read MoreMillion Dollar Retirement Nest Egg
When a $1 million dollar retirement nest egg isn’t enough The idea of having a retirement nest egg of $1 million is a lot of money, but can you make it work these days? Sean Dowling (@seandowlingtv) has more. Buzz60 Jessica Dickler, CNBCPublished Sadly, these days, it’s only a fraction of what you will really need. For…
Read MoreMight be right time
Senators Raise Questions About Reverse Mortgages and Trump Budget. If you have been waiting on a reverse mortgage, now might be the right time. A pair of senators from opposite sides of the aisle on Wednesday sent a joint letter to the Department of Housing and Urban Development, seeking clarification about a proposed change to…
Read MoreMedicaid purge begins
As Medicaid purge begins, ‘staggering numbers’ of Americans lose coverage States are combing through Medicaid rolls to decide who stays and who goes. But the overwhelming majority of people who have lost coverage so far were dropped because of technicalities. More than 600,000 Americans have lost Medicaid coverage since pandemic protections ended on April 1. And…
Read MoreMedian Home Price
The Median Home Price Is Nearly $18,000 Lower Than a Year Ago Homebuyers who have been waiting for the right price are getting a bit of a break in 2023, according to a new report by Redfin: The median home price for a home in the U.S. is down nearly $18,000 compared to a year ago. Depending on…
Read MoreMarket crash by 30 percent
Market crash by 30 percent The S&P 500 will crash 30% by December as spending slumps, profits shrink, and banking problems mount, markets guru Larry McDonald warns He sees less government spending, slimmer corporate profits, and banking pressures as key drivers. The founder of “The Bear Traps Report” touts energy and metals as smart bets…
Read MoreManaging unexpected expenses
Managing unexpected expenses, an emergency fund. You might expect plenty of things in retirement – spending time with family and friends, traveling, focusing on your health wellness. For many years I have been working with financial advisors so homeowners can use the Reverse Mortgage with a credit line and spend from it instead of thier…
Read MoreManaging Dementia Outbursts
Managing Dementia Outbursts Through Redirection and Relearning Some things you never forget how to do, like riding a bike. Although that’s not necessarily true for Alzheimer’s and dementia patients, this concept is the basis for a technique that thwarts anxious behaviors by directing attention to familiar activities or things enjoyed in the past. AnnaMarie Barba…
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