Reverse Mortgage Alabama | News and Blogs

Reverse mortgages and healthcare by By Alain Valles, CRMP, MBA, CSA. Obama-care, Trump-care, no-care The cost of healthcare, doctor’s visits, prescriptions, and forms to fill out when you’re healthy is enough to make you sick. But when a cold turns more serious, or a life event occurs, or a chronic ailment worsens then the care available…

The average Cost of Senior Care. The average cost of senior care. In Alabama homemaker home care senior services and home health aide care services are comparable in price: $3,051 and $3,146, respectively. The cost of senior care adult day health care is the cheapest in the nation at just $596 a month, according to…

True Life HECM Story. I have long been a fan of reverse mortgages — if they are done in the right circumstances and for the right reasons. Regular readers of this column know I always put my money where my mouth is. And in the case of reverse mortgages, I want to give you a very personal…

Financial Assessment for Reverse Mortgages Looks Better and Better. Financial Assessment is still working, only more so. The Federal Housing Administration’s new policy of requiring financial assessment of the borrower’s ability to pay has cut tax and insurance defaults by nearly three-quarters and serious defaults by almost two-thirds. These results are even better than the…

Trump’s Proposed Budget Would Lift Reverse Mortgage Cap. by Alex Spanko The Trump administration’s proposed 2018 budget for the Department of Housing and Urban Development would eliminate the cap on the number of reverse mortgage loans. “This change supports the significant improvements that have been made to the program to reduce risk to the MMI…

Seniors looking to downsize their homes may want to consider this reverse mortgage purchase option. Washington Post Real Estate By Benny L. Kass. Read story on Washington Post site The Home Equity Conversion Mortgage for Purchase allows you to buy a house using a reverse mortgage loan. Do you know that by 2060, the number of Americans…

Easing the Debt Crisis for Older Americans. Nonprofit credit, student loan counseling agency Take Charge America breaks down issue, shares advice for seniors in debt PHOENIX–(BUSINESS WIRE)–More older Americans than ever before are carrying debt into retirement – and often their debt grows from there. From medical and credit card debt to home mortgages and…

Aging in Place with a Reverse Mortgage: Challenges and Opportunities As a generation of aging Americans collectively decides that they’d rather stay at home than move into senior housing, reverse mortgage originators and lenders could have a new potential marketing angle. But as with many other retirement-planning ptiches, the words could fall on deaf ears.…

Reverse Mortgages Questions by Forbes Magazine. Personal Finance. The Little Black Book of Billionaire Secrets. Next Avenue. Where grown-ups keep growing. Opinions expressed by Forbes Contributors Richard Eisenberg are their own. This piece is hopefully a beginning to answer your questions about Reverse Mortgages. You’ve likely seen the TV commercials for reverse mortgages, with the…

Reverse mortgage market has been “cleaned up,” say financial advisors. Innovative approaches to protecting retiree portfolios. CNBC Investor tool kit. Novel approaches include structured notes and no-load modified endowment contracts. No-load modified endowment contracts provide certain minimum guarantees. Deborah Nason | @dnason Once you’ve stopped working, what steps can be taken to protect your retirement…