Retirement without a penny in savings

Retirement savings being eaten up. A reverse mortgage can help with that

Millions of older Americans are nearing retirement without a penny in savings If you ask Americans how much they’ll need for a comfortable retirement, they’ll throw out a big number: $1.25 million, to be exact. But in reality, most workers are far from reaching that goal — and there’s a significant chunk of older people who […]

Reverse Mortgages and Long-Term Care

Reverse Mortgages and Long-Term Care: The Pros and Cons Planning for the care of a loved one can be a daunting task. Many of the questions that arise during the process will consider the type of care that may be needed — for example, will your loved one be able to stay at home with […]

Reverse Mortgage purchase

The Reverse Mortgage purchase can help out more in a market with low inventory. In today’s market with not enough inventory wouldn’t you love to be able to magically double your clients purchasing power, especially if they were thinking they could buy more home than they actually can? If they are age 62 or above, […]

Leveraging HomeEquity

Rethinking estate planning: Leveraging HomeEquity’s CHIP Reverse Mortgage Wealth Professional spoke to HomeEquity’s Andrew Cairns about the timely topic of estate planning. Rethinking estate planning: Leveraging HomeEquity’s CHIP Reverse Mortgage By Chris Davies “I think,” says Andrew Cairns, National Lead of Wealth Management at HomeEquity Bank, “that there’s an opportunity for reverse mortgages to put […]

Alzheimer’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 […]

Cash Stash

Seniors turn to reverse mortgages as a cash lifeline during the coronavirus . Used with other retirement income a Reverse Mortgage can lessen the sequence of returns

How a Cash Stash Can Help Retirees Keep Peace of Mind, if Not Portfolio When the market crashed last spring amid coronavirus fears, retiree Tim McDermott didn’t fret. The 58-year-old, who retired in November 2019 after running a derivatives exchange, keeps more than 40% of his assets in cash and near-cash investments. “We could probably […]

Why Home Equity Matters

Why Home Equity Matters Why Home Equity Matters. Home equity—the current value of your home minus your mortgage balance—matters because it helps you build wealth. When you have equity in your home, it’s a resource you can borrow against to improve your property or pay down other high-interest debts. However, it’s also volatile because home […]

Reverse Mortgage Early in Retirement Plan

Reverse Mortgages as markets tumble. Reverse Mortgage could be your saving grace.

Charting the reverse mortgage early in retirement plan This article is about a retirement plan using a Reverse Mortgage that economics professors have proven using a 30 year lookback; looking back 30 years. Its called the “Sequence of Returns”.The number of Americans older than 65 who continue to work has increased in the past decade. […]

Strengthen Retirement

Reverse Mortgages Included Among Tips to Strengthen Retirement by U.S. News A new article at U.S. News and World Report giving recommendations on strengthening retirement security offers reverse mortgages as one of the potential tools a senior can use to bolster their financial security in retirement. Among the recommendations from U.S. News contributor Craig Stephens, downsizing […]

Active 55+ Communities

Active 55+ Communities Active 55+ Communities Present Growing Reverse Mortgage Opportunity. We know of many in Birmingham that people are using a Reverse Mortgage (HECM) Purchase to buy. I believe this to be a big way to save retirement funds from the sale of the last home. Lifestyle communities for residents over the age of 55 […]