Appraisers and Inspectors
10 things real estate appraisers or home inspectors won’t tell you. Apprasiers. We’re working under a cloud. There are about 80,000 real estate appraisers in the U.S. and they play a key role in most home sales: Until they weigh in with a determination of a property’s value, the buyer typically can’t finalize a mortgage. (Appraisers…
Read MoreAnother Look at Reverse Mortgages
Another Look at Reverse Mortgages Believe it or not, reverse mortgages had been around long before former Sen. Fred Thompson became a spokes person for American Advisors Group, one the largest players in the reverse mortgage industry. In fact, the first reverse mortgage was issued in 1961 to Nellie Young in Portland, Maine, by Nelson…
Read MoreAmericans’ Retirement Savings
Five Jaw-Dropping Stats About Americans’ Retirement Savings We think of retirement as a relaxing, carefree time in our lives when we can do whatever we please, but for many working Americans today, retirement will be more of a nightmare than a dream. Study after study has shown that many Americans are well behind where they…
Read MoreAmericans Don’t Save for Retirement
Americans Don’t Save for Retirement Because They Don’t Earn Enough Money Too few Americans are saving for retirement. Those who do save are putting away too little. It is only a matter of time before this sparks an economic and political crisis. Proposals for addressing this looming crisis usually fall into three categories. Some argue…
Read MoreAmericans could see promised Social Security benefits cut
Americans could see promised Social Security benefits cut by 27% in just 10 years — 3 smart strategies for tapping into your benefits. Americans could see promised Social Security benefits cut by 27% in just 10 years — 3 smart strategies for tapping into your benefits Possible cuts of up to 27% to Social Security…
Read MoreAmericans are falling deeper in debt
Nearly half of all Americans are falling deeper in debt as inflation continues to boost costs KEY POINTS With inflation hitting a 40-year high in June, Americans are struggling to keep up with rising prices and putting less money aside for emergencies or long-term financial goals, several studies show. Americans’ overall satisfaction with their financial…
Read MoreAlzheimer’s disease
What types of memories are forgotten in Alzheimer’s disease? There are different types of memory and not all of them are related to Alzheimer’s disease. I have worked with many people using a Reverse Mortgage to keep a loved one at home. I would consider no – matter what you think you will do down…
Read MoreAlternatives to Long-Term Care Insurance
Alternatives to Long-Term Care Insurance Anticipating long-term care needs is an important part of retirement planning, as long-term care can quickly eat into your savings. The average yearly cost of nursing home care in a semi-private room was $90,155 in 2019, according to Genworth Financial, rising to $102,200 for a private room. Long-term care insurance…
Read MoreAlternative Home Equity Tapping
Alternative home equity tapping products are largely seen by reverse mortgage originators and an industry observer as uncompetitive with the product, according to outreach conducted by RMD. The concept of allowing equity-rich and cash-poor homeowners to tap the value in their homes in order to gain access to additional cash has been growing beyond more…
Read MoreAging Parents Overspending – Running Low
Danger: Aging Parents Overspending, Running Low, And What You Can Do Briana called AgingParents.com in distress. She was feeling panicky and angry. Her 80 year old mother, Rhonda, had just bought another new car she could not afford. Briana explained that her mother’s funds were limited, but she kept insisting on living the life she…
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