Reverse Mortgage Tax Resources
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…
Read MoreLearn about Reverse Mortgages
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…
Read MoreCFPB Wrong-Reverse Mortgages
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…
Read MoreLife Resource Planning
Life Resource Planning. A Rewarding Opportunity for Expanding Your Services to Seniors. Life Resource Planning is an excellent way to expand your existing practice or to start down a new career path. Seniors are the fastest growing population in this country. They control a great deal of the wealth. Yet, there is no other comprehensive…
Read MoreReverse Mortgage-What is it?
Reverse Mortgage-What is it? Reverse Mortgage-What is it? Just under 20% of seniors who responded to a recent survey were aware of reverse mortgages — despite showing an overwhelming desire to stay in their homes and potentially make renovations into old age. Among homeowners aged 60 to 70, 44% said they would keep a mortgage…
Read MoreFinancial Situations
A reverse mortgage or bankruptcy are two options available to the elderly with high debt. How to find your way out of difficult financial circumstances. by Liz Weston question and answers. Dear Liz: I desperately need your help! My husband, who is 91, is in the early stages of dementia. I just turned 88 and…
Read MoreHome Rich | Cash Poor
What To Do If You’re Home Rich And Cash Poor. A story I found from Forbes magazine today. What To Do If You’re Home Rich And Cash Poor. A story I found from Forbes magazine today. Your credit score is a big factor for most programs that allow you to draw some of the equity…
Read MoreReverse Mortgage Loan Limit
Reverse Mortgage Loan Limit to Rise Again in 2018 For the second year in a row, the loan lending limit for federally backed reverse mortgages is increasing. The Department of Housing and Urban Development on Thursday announced a maximum claim amount of $679,650 for calendar year 2018, up from $636,150 this past year. HUD arrives…
Read MoreReverse Mortgage Children Talk
Reverse Mortgage Borrowers’ Children Talk about it’s Successes While reverse mortgage loan originators frequently receive feedback from their clients and the family members, and adult children; it’s not often that borrowers’ adult children weigh in publicly about their experiences. During the National Reverse Mortgage Lenders Association’s annual conference last month in San Francisco, several children of reverse mortgage…
Read MoreWorking Longer
Working Longer Can Help Fund Retirement, But Many Can’t Do It Another great article by Alex Spanko . Please note the Boston College study on working longer link at bottom. Staying in the workforce longer is, at least on its face, a simple solution to retirement problems: The more weeks a worker takes in a steady…
Read More
