Reverse Mortgage Alabama | News and Blogs

What you don’t know about Social Security benefits could cost you For so many, Social Security is the safety net they just cannot live without. But knowing when to collect your benefits and understanding the system’s complex rules can be very vexing. In a poll earlier this year conducted for MassMutual, nearly half of respondents…

USA Today Lists Reverse Mortgages as a Key Nest Egg Booster USA Today listed reverse mortgages among multiple potential options for retirees to build their nest eggs, specifically pointing to the Home Equity Conversion Mortgage’s line-of-credit feature. Citing Kerry Uffman, founder of TWRU Private Wealth Management in Baton Rouge, La., writer Robert Powell positioned the product as…

Is retirement really harder now? Is funding retirement really harder than in years past? In a nutshell, yes. There are many reasons this is true, but following are the three list-toppers: First, people are living longer. When Social Security began in 1935 the average life expectancy was 61. Now, life expectancy is almost 86. Most people…

What experts say are the pros & cons of reverse mortgages. As housing costs increase, so does the cost of living for those on fixed incomes. For many elderly homeowners, reverse mortgages are seen as a viable solution. Reverse mortgages allow homeowners over the age of 62 to borrow against the equity they have in their…

Inside the Reasons Why Seniors Choose the HECM for Purchase Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed. Christina Harmes, assistant manager for C2 Reverse in San Diego, said she has clients looking to upsize, downsize, move…

Reverse Mortgages Help Curb Retirement Risk for Divorced Women Reverse mortgages have been increasingly pitched as a way to stave off the effects of so-called “gray divorce,” and a new research brief shows just how a split can put both parties’ retirement futures at risk — and how home equity benefits one demographic in particular.…

How to Safely Pick a Senior Loved One (or Yourself) Up After Falling Falls are a common occurrence for seniors, and, as many caregivers know, they can be very frightening. Once the initial shock wears off, family members are often left wondering how to get an aging loved one back on their feet. The answer to…

How to Stop Caregivers Engaging in Unhealthy Behaviors to Relieve Stress I have much personal experience in this field, so first of hats off to the other part and additional caregiver. It is stressful and demanding. I bring these articles to help all of us that can live for years on wits end, because I work…

Retirement Expert Joins Call for Broker-Dealers to Lift Reverse Mortgage Band For the last several years, the reverse mortgage industry has worked hard to build connections with financial retirement experts and educate them about the important role housing wealth can play in retirement income planning. But many reverse professionals say they often hit a roadblock…

Common Reverse Mortgage Questions and Answers You’ve likely seen the TV commercials for reverse mortgages, with the late Fred Thompson, Henry Winkler and, lately, Tom Selleck. But just between us: Do you really understand how a reverse mortgage works? If not, don’t feel bad — in a March 2017 National Council on Aging survey, 66% of…