Very Intellectual Client
Very Intellectual Client I received a call one day from a financial planner that he and his client were interviewing Reverse Mortgage experts for her Reverse Mortgage. I arrived and noticed a business card from the only person in the state that I consider as knowledgeable as myself. At that point I felt sunk, proceeded…
Read Morefinancial advisors are uninformed
Most financial advisors are uninformed and misinformed when it comes to the importance of reverse mortgages, and it’s time for this to change. The Funding Longevity Task Force wants YOU… to know about reverse mortgages. Financial Planners and Elder Care attorneys are recommending Reverse Mortgages now because people are living longer. The 401k came out…
Read MoreRetirement Plans
Expert Calls for Lower Costs on Reverse Mortgages Used in Retirement Plans Now that today’s Reverse Mortgage is so much safer than before, financial planners are recommending them as a safety net or as a long term care substitute. A leading expert on reverse mortgages called on the Department of Housing and Urban Development to…
Read MoreOriginating Reverse Mortgages
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…
Read MoreLifestyle Senior Mortgages
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…
Read MoreCurbing HUD losses on HECM
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…
Read MoreMortgage-free home ownership
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…
Read MoreRise of single woman buyer
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…
Read MoreClients Want to Remain at Home
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…
Read MoreSeniors Behaving Badly in Care Facilities
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…
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