Reverse Mortgage Alabama | News and Blogs

Find the best deal on an HECM reverse mortgage. By The Mortgage Professor: Jack Guttentag The best deal on a mortgage is usually defined in terms of the interest rate and origination fee charged the borrower. That was my approach in a previous column on the subject. I recently realized, however, that with reverse mortgages, it…

Reverse Mortgages for home care- Understanding the Pros and Cons I found this un-biased article on using a Reverse Mortgage for long in home term care written by Valerie Vanbooven for the Agingcare.com webssite When it comes to helping an aging loved one with financial decisions, caregivers want to make sure they take the time…

How to Care for Loved Ones from Miles Away In today’s world, it’s common for families and friends to be separated by great distances. At some point in their lives, your parents, grandparents or a loved one may need in-home care. Suddenly, you are faced with the challenge of long-distance caregiving. The best approach to…

Pros and Cons of Reverse Mortgages from The Street. Reverse mortgages have not gone mainstream, but more and more experts like the idea, but with caveats. Hey Millennials! Fix These Two Things and Retire Rich! Despite a healthy dose of industry hype, reverse mortgages haven’t really clicked with older U.S. homeowners — only 3% of…

Retirement crisis – how to avoid your own Various reports have weighed in on whether America is facing a “retirement crisis.” One study found, for instance, that while just 8.8 percent of people currently age 65 and older are impoverished, 88 percent of Americans still believe the nation faces a retirement crisis. Sources of disagreement include whether…

3 Reasons to Pay Off Your Mortgage Great article came out today on Fox News, written by Motley Fool Most homeowners take out a mortgageOpens a New Window. to help them buy their homes, and for many, their mortgage loan is the largest debt they’ll ever take on. That makes handling mortgage debt one of the most…

‘New’ Reverse Mortgage vs HELOCs The Department of Housing and Urban Development’s latest changes to the reverse mortgage program have given rise to yet another “new” reverse mortgage — one with lower interest rates and ongoing insurance premiums that enable borrowers to preserve more of the equity in their homes. Some originators say the revised program…

Reverse Mortgage Qualifying. AARP Weighs in on the ‘New’ Reverse Mortgage Math The Department of Housing and Urban Development’s recent changes to the reverse mortgage program have garnered mixed reviews from the industry, as some laud the rules for helping seniors preserve more equity, while others lament the fact that fewer borrowers may be qualifying…

Would Your Retirement Plan Hold Up In Court Would Your Retirement Plan Hold Up In Court. Interesting story I found in Forbes. That was the question I was faced with recently when I was asked to be an expert witness. I enjoy doing this type of work, but it comes with a fair amount of…

Reverse Mortgages Make Sense for Retirement Funding Few, if any, retirees like the idea of going into debt to fund retirement. Yet with more and more households coming up short on cash savings, millions of retirees have turned to reverse mortgages as a source of retirement income. Although hardly ideal for financing retirement, reverse mortgages…