Reverse Mortgage Alabama | News and Blogs

Originating Reverse Mortgages is often a heart wrenching reality. I think back on the people that I have helped over the years in my Reverse Mortgage experience. Some of the people stand out to me more than others for various reasons. I was just remembering a lovely lady that really made me cry when she…

Lifestyle Senior Mortgages There exists a propensity to look at reverse mortgages as only necessary for indebted seniors, but they are also a great way for savvy, well-heeled seniors to buoy their investment portfolios. “The one thing I disagree with is it’s not only a mortgage designed for people to pay off debt,” said Darlene…

Curbing HUD losses on HECM reverse mortgages: Further thoughts by The Mortgage Professor: Facebook TwiEmPriSIn a previous column, I noted that large losses on HECM reverse mortgages could be attributed to adverse selection. The program attracts too many borrowers in desperate financial condition and too few borrowers with options. I argued that HUD, instead of…

Mortgage-free home ownership becomes a popular retirement goal Alongside travel and leisure, a recent study by Voya Financial identified home ownership as one of the most important goals that people wish to achieve by the time of their retirement, reported HousingWire. In fact, 80 percent said they wish to eventually own their home with no…

WSJ: The Rise of the 55+ Single Woman Home Buyer with HECM for Purchase Single women over 55 continue to be a growing segment of the homebuyer population, according to research presented in a recent Wall Street Journal article. Citing research form Ralph McLaughlin, the founder and chief economist at Veritas Urbis Economics in Alameda, Calif., the article states…

96% of High Net Worth Advisors say Clients Want to Remain at Home Fewer than a quarter of high-net-worth individuals have a firm plan for long-term care, but nearly all of them suggested a preference to age in place at home independently, a poll from Key Private Bank revealed last month. Key Private Bank, the…

Seniors Behaving Badly in Care Facilities Disagreements, fights and controlling behavior among humans are inevitable. Seniors are not exempt from these natural behaviors, especially when many of them are living together in close quarters. Conflicts in senior living facilities range from small misunderstandings to full-fledged flare-ups between staff members and even other residents. Nearly 7,000…

Healthy Marriage While Caregiving Caring for an aging parent can be stressful beyond belief. In fact, full-time caregivers are at increased risk for depression, health problems and substance abuse. It only makes sense that the strain can also take a serious toll on caregivers’ relationships with their significant others. While the things necessary for maintaining…

10 Ways to Boost Retirement Income Don’t assume that your retirement income is fixed. You can increase it — and live off of more money in the future. by Selena Maranjian- The Motley Fool If you think of the term “fixed income,” you probably think of retirees. After all, people in retirement are typically relying…

Retirement Countdown 5 Year Plan For most of your working life, it wasn’t exactly a pressing concern. You might have pondered it for a few minutes as you skimmed your company’s benefits handout, checking to see if your new glasses were covered or if you’ll be reimbursed for your gym membership. Retirement was more like…