Retire Savings Boost. Reverse Mortgage Alabama. Boost your retirement saving article from Forbes Magazine. How Homeowners Can Get a Retirement Savings Boost from Uncle Sam. Forbes Magazine by Matthew Heimer The idea bounces around in the head of just about every homeowner, or at least every homeowner over 50: If I fall short on my […]
Retirees buying home
Retirees buying home. Reverse Mortgage Alabama. Should Retirees Buy a Home With a Reverse Mortgage? U.S. New Money. This may be an option for some but experts caution an HECM is not for everyone.Jeff Brown | Contributor. How do you buy a home after retiring? If you have one that’s paid for, you could sell […]
Sandwich Generation
Sandwich Generation. Reverse Mortgage Alabama. The Sandwich Generation: Who is Caring for You? Huffing Post. Ruth Tarantine, DNP, RN Nurse, educator, patient advocate Social worker Dorothy Miller, originally coined the term “sandwich generation” back in 1981, to describe women in their 30s to 40s who were “sandwiched” between young children and aging parents as their […]
Downsizing
Downsizing. Reverse Mortgage Alabama. I have found that most every client had plans to downsize, but even with the Reverse Mortgage purchase; which allows you to take the money from selling your last home, and use a Reverse Mortgage to purchase a new home, most people eventually decide they dont want to move…. Either too […]
What is reversed
What is reversed. New Article from Jack Guttentag “The Mortgage Professor”. AP. The Mortgage Professor: The ‘reversed’ in reverse mortgages and ‘skipping’ payments By Jack Guttentag The Mortgage Professor Occasionally, I like to play professor by answering some of the more interesting questions I have received. The ones I respond to below are all interesting for […]
Senior Housing
Senior Housing. Reverse Mortgage Alabama. Getting older is not something you think about until it’s your reality. Creating Housing That Older Americans Will Need. Where grown-ups keep growing. Forbes Personal Finance- Retire Well. Next Avenue. Richard Eisenberg, Contributor There’s a huge, scary disparity between the types of homes growing numbers of older Americans will need […]
Retirement Debt
Retirement Debt. Reverse Mortgage Alabama. Estate Planning: Taking Debt into Retirement. Debt can be a strategy, too. Columbus CEO. By Mike Mahoney. I see this more and more with homeowners I work with. The math is simple; lets say you have a $150,000 house with more than 10 years remaining on a $800 a month […]
Retirement Funding
Retirement Funding. How retired homeowners can avoid running out of money by Jack Guttentag. Daily Herald Chicago, Illinois. The combination of increased longevity and declines in the coverage of defined benefit pension plans means that, increasingly, retirees risk running out of money because they live too long. Reverse Mortgages can supplement income and supplement retirement […]
Investments for seniors
Investments for seniors. Reverse Mortgage Alabama. I found this great comparison story about investing versus taking a Reverse Mortgage for financial security. Some investments aren’t worth the trouble. The Seattle Times. Business. By Scott Burns Reader is thinking about buying a three-year deferred annuity; expensive home would give owner leeway in a reverse mortgage. Q: […]
reverse mortgage amount
Reverse Mortgage Amount. Reverse Mortgage Alabama. Why is the reverse mortgage amount so low? The reverse mortgage is meant to allow you to live in your home, mortgage payment free for the rest of your life. The equity in the property is always yours. So while you are allowed 60% now, the other 40% that […]
