Reverse Mortgage Alabama | News and Blogs

Get loans closed. Very seasoned brokers, branch managers, and officers looking for someone who wants to close a Reverse Mortgage. Are the big 5 lenders putting LESAs on one that could almost slide, or the FA is off by $20, and you just cant get anything bu a perfect loan closed in 2-3 months. We…

When a $1 million dollar retirement nest egg isn’t enough The idea of having a retirement nest egg of $1 million is a lot of money, but can you make it work these days? Sean Dowling (@seandowlingtv) has more. Buzz60 Jessica Dickler, CNBCPublished Sadly, these days, it’s only a fraction of what you will really need. For…

End of life decisions Understanding the Difference between Conservatorship or Guardianship Sometimes it may be necessary to pursue a conservatorship or guardianship for a person who is not able to make or communicate decisions. Unlike a power of attorney, an individual appointed as a conservator or guardian can make decisions on behalf of the person…

Retirement Shortfall-How to handle.WEALTH MANAGEMENT: Saving for retirement in today’s economy can be a monumental challenge. This is especially true if you’ve just finished paying for your children’s college education. But, you can control your financial future by identifying your retirement needs, setting up a retirement savings goal, and making wise investment decisions now. However,…

Veterans Disability Compensation. Understanding It? Brought to you by the National Care Planning Council and my long standing membership with them. Veterans are typically in receipt of four cash income disability programs from VA. Two of these programs – Veterans Pension and Survivors Pension – are paid to veterans and their surviving spouses or children for veterans who are…

Inadequate Retirement Income Dropped CRR Study Finds Those at risk. All groups of households experienced an improvement in risk, except middle-age and middle-income households, due in part to more non-mortgage borrowing, Between 2013 and 2016, the National Retirement Risk Index (NRRI) improved modestly, dropping from 52% to 50% of working-age households, according to the Center…

What the New Tax Law Means for Reverse Mortgage Borrowers American taxpayers and accountants are still sorting out the effects of the wide-reaching Republican-led tax overhaul, and the ramifications could be severe for reverse mortgage borrowers — or nonexistent, depending on who you ask. One key problem could potentially arise from new rules regarding the…

Two More Key Reverse Mortgage Tax Resources The jury’s still out on how tax reform could affect reverse mortgage borrowers — and the prevailing consensus could simply be that each homeowner’s mileage may vary based on his or her specific circumstances. But for an even deeper dive into the implications of the 2017 Tax Cuts…

Many Consumers Wary of Reverse Mortgages, But Willing to Learn about Reverse Mortgages. I found this article and it gave me some hope. You see when I started in this business in 2007, most didn’t even want to learn about Reverse Mortgage benefits. The National Council on Aging shook up the reverse mortgage industry earlier this…

Why The CFPB Is Wrong About Reverse Mortgages I found a great article today by Advisor Perspectives on the controversial holding off to take social security. In the first edition of my book, Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement, I did not analyze using a reverse mortgage to support the…