Scams targeting seniors
Scams targeting seniors While a person can become a victim of a scam at any age, the senior population is becoming more vulnerable to scammers. Seniors make good targets because they generally have good credit and accessible savings. Further, many seniors are alone or suffer from conditions like memory loss or frailty, which make seniors…
Read MoreIt could be in the name
It could be in the name. Experts Weigh In on Reverse Mortgages Reverse Mortgage – Is it the name, or the actual loan product that causes people to shy away? Apparently, it is the name. When presented with the description of what a reverse mortgage can do vs a traditional HELOC on which payments must…
Read MoreRetirement Plans Soar in Strong Market
Retirement Plans Soar in Strong Market, But Half of Americans Missing Out Americans with 401(k)s have had reason to celebrate the last two years, as record stock market performance has inflated retirees’ nest eggs. But despite all the sunny news, a huge swath of Americans is missing out, according to a Thursday post from the…
Read MoreHECM for Purchase
New Rules Improve the HECM for Purchase, But Challenges Remain New Rules Improve the HECM for Purchase, But Challenges Remain. Recent changes to the reverse mortgage program that reduced lending limits and amended ongoing insurance premiums have many originators expecting a slump in business. But some say the Home Equity Conversion Mortgage for Purchase is…
Read MoreRetirement Planning Survey
Retirement Planning Survey . The Particular Instances Where You Will Do a Retirement Planning Survey. This article is really written for people like me in the retirement planning world, but I thought I would share it to help seniors making these big decisions have an easier time. The National Care Planning Council designed the Retirement…
Read MoreDying with debt
Dying with Debt. What happens depends on where you live. At some point in our lives we may ask ourselves: “If I die and have debt, who or what will be responsible for paying back those I owe?” The laws regarding debt after death are defined by each state so there isn’t a single answer…
Read MoreFinancial advisers
Financial advisers should avoid error by omission and consider reverse mortgages The vast majority of financial services professionals still fail to incorporate home equity planning or reverse mortgages into their practices by Jamie Hopkins. I wanted to share this great article written by one of the leading financial planners of today. Over the past few…
Read MoreBest Reverse Mortgage Lender
How to Find the Best Reverse Mortgage Lender I found a great article today from US News that explains the whole Reverse Mortgage concept ad how to find a good lender-by U.S. News Staff If you own your home and are 62 or older, a reverse mortgage could allow you to access your home’s equity without…
Read MoreCan I Come Live With You
Can I Come Live With You Almost 40 percent of Millennials are living at home with the folks —longer than any previous generation since the start of WWII. That’s a startling statistic, though perhaps not so incredible given skyrocketing rents and college debt. But what happens at the other end of the life spectrum, when Mom or…
Read MoreNot enough Retirement income
50% U.S. Households Won’t Have Enough Retirement Income. Author: Radhika Ojha MReport-The pulse of the banking industry. I personally see this daily, and its not so much our fault, I believe social security was designed to last to age below 70, pensions were age 80 something. So If you did everything correctly after working 30…
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