Senior Student Debt
Senior Student Debt. NAR: Older Buyers Move Near Family, Still Have Student Debt. The only reason this caught my eye is because I have worked with Reverse Mortgage clients here in Alabama that still had student loan debt. The National Association of Realtors issued the most recent edition of its exhaustive Home Buyer and Seller…
Read MoreReverse Mortgage Fees
Reverse Mortgage Fees. What Are the Fees to Get a Reverse Mortgage? By NERDWALLETYou can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money.A reverse mortgage is a special type…
Read MoreRetirement question
Retirement question. CNBC Make It. money. 84% of Americans cant answer this basic money question about retirement. Retirement doesn’t seem to be on the minds of many Americans To see just how much the people know when it comes to financially preparing for their later years, Fidelity Investments conducted a retirement IQ test. The results were…
Read MoreComfortable Future
Comfortable Future. Planning a comfortable future at 62. By Jack Guttentag Age 62 is a good time to take stock of where you are and where you are going financially. You become eligible for Social Security at 62, though it may or may not be to your advantage to begin drawing it then. You are…
Read Morecan’t afford their lifestyle
USA TODAY Column: Most Americans can’t afford their lifestyle and still retire. by Peter Dunn When your favorite television show goes to commercial, one might get the impression the entire country is filled with millionaires. We drive amazing cars, we all have high-definition, curved-screen televisions and even if we have a serious medical condition which…
Read MorePull Cash Out
Pull cash out. Reverse Mortgage Alabama reads in California’s O.C. Register. Now’s a good time to pull cash out of your home. Orange County Register. BUSINESS. By JEFF LAZERSON / CONTRIBUTING F Southern California homeowners are breaking into their home equity piggy banks as home values appreciated and equity has swelled. The number of cash-out…
Read MoreLife Expectancy
Life Expectancy. Reverse Mortgage Alabama brings you this article from in which the Huffington Post and Jack Gutentag Explores Role of Life Expectancy in Reverse Mortgages. In a post from reverse mortgage expert Jack Guttentag, the Huffington Post explores an interesting twist to a potential Home Equity Conversion Mortgage borrower’s mental calculus — the knowledge…
Read MoreBorrower Divide
Borrower Divide. Reverse Mortgage Alabama brings you news titled “A Reverse Mortgage Divide Grows As Borrower Motives Change” by Alex Spanko As financial planners and scholars increasingly advise certain borrowers to take out Home Equity Conversion Mortgages as early as possible as part of their retirement plans, some loan originators are noticing increased interest for…
Read MoreEven with Reverse Mortgage
Even with Reverse Mortgage. Reverse Mortgage Alabama. Study: Even With Reverse Mortgages, Many Unprepared for Retirement by Alex Spanko A new study shows that about 20% of U.S. households overestimate their level of retirement comfort and more than half may not be able to maintain their standard of living — even when factoring in the…
Read MoreNew Look
New Look. Reverse Mortgage Alabama. Time to take a new look at reverse mortgages. Alain Valles, CRMP FiftyPlusAdvocate.com. Since 1987, reverse mortgages, also known as Home Equity Conversion Mortgages (HECMs), have been a viable option for hundreds of thousands of qualified homeowners aged 62 and older. Over the past several years there have been many…
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