Want financial security? Home equity and retirement accounts are key, by Robert Powell, CNBC, USA Today It might seem obvious, even simplistic. But having home equity and retirement accounts are key to most families’ financial assets and — by extension — retirement security. According to new research from the nonpartisan Employee Benefit Research Institute (EBRI),…

Read More

 Is a reverse mortgage right for me? Financial Planning by Steven Merrell, Monterey Herald. Q I recently saw a TV commercial advertising reverse mortgages. My mortgage is almost paid off. Is a reverse mortgage a good idea to help me cover my living costs? A If you are at least 62 years old and have…

Read More

With Population Aging, Canada Sees Reverse Mortgage Promise When Canada released its 2016 census data earlier this month, media outlets took notice of one interesting tidbit: For the first time since Canada began taking surveys of its population in 1871, people older than 65 outnumbered children younger than 15. The margin was slim, with seniors…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

 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…

Read More

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…

Read More