Reverse Mortgages Deserve 2nd Look
Reverse Mortgages Deserve 2nd Look Jamie Hopkins , CONTRIBUTOR Opinions expressed by Forbes Contributors are their own. What’s the deal with reverse mortgages? This question was addressed in a recent Housing Wealth in Retirement Symposium held on March 23, 2018, in Washington, DC. The event was co-hosted by The American College of Financial Services and the Bipartisan Policy Center. While the symposium took…
Read More5 Ways Retirement Plans Go Off Track
5 Ways Retirement Plans Go Off Track Bob Carlson , CONTRIBUTOR. I research/write about all facets of retirement/retirement planning. Opinions expressed by Forbes Contributors are their own. The retirement stories I most hate to hear are about people who entered retirement financially secure but saw that security disappear over the years. These stories are all…
Read MoreSolution in a Down Market
Positioning Reverse Mortgages as a Solution in a Down Market One of the most prominent scholarly advocates for using reverse mortgages in retirement laid out a case last week for finding opportunity in the volatile stock market. “A reverse mortgage helps preserve a portfolio and gives it a chance to recover,” Wade Pfau, professor at…
Read MoreFind The Best Deal
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…
Read MoreReverse Mortgages for home care
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…
Read MoreCare for Loved Ones
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…
Read MorePros and Cons
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…
Read MoreRetirement Crisis
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…
Read More3 Reasons to Pay Off Your Mortgage
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…
Read MoreNew Reverse Mortgage vs HELOCs
‘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…
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