birmingham reverse mortgage Archives | Page 5 of 7

USA Today Lists Reverse Mortgages as a Key Nest Egg Booster USA Today listed reverse mortgages among multiple potential options for retirees to build their nest eggs, specifically pointing to the Home Equity Conversion Mortgage’s line-of-credit feature. Citing Kerry Uffman, founder of TWRU Private Wealth Management in Baton Rouge, La., writer Robert Powell positioned the product as…

Is retirement really harder now? Is funding retirement really harder than in years past? In a nutshell, yes. There are many reasons this is true, but following are the three list-toppers: First, people are living longer. When Social Security began in 1935 the average life expectancy was 61. Now, life expectancy is almost 86. Most people…

Americans Face Retirement Savings Regrets Amid Two-Pronged Crisis When asked for their most common financial regret, Americans yet again pointed to a lack of retirement savings as the top pick. For the third consecutive year, “not saving for retirement early enough” led consumer financial firm Bankrate’s list of money regrets, with 18% of respondents selecting…

Readers’ questions about mortgage shopping. answered by Jack Guttentag, The Mortgage Professor Q: How many price quotes should I get in refinancing my mortgage? A: Get as many valid quotes as possible. Two or three valid ones help; 10 phony ones are worthless, or worse. Valid price quotes must meet three major conditions: —Same market…

69% of Seniors Say Social Security ‘Critical’ Retirement Plans I found this article today with some surveys, one by Social Security: office of retirement and Disability Policy. More than two-thirds of seniors say that Social Security benefits are critical to their retirement planning according to a new survey, while a plurality said their biggest financial…

Veterans Aid and Attendance? Veterans Pension and Survivor ‘s Pension – also known as Death Pension – are disability income programs available to veterans or to the single surviving spouses of deceased veterans. Survivor ‘s Pension or Death Pension is often referred to as “The Aid and Attendance Death Benefit.” This is a misnomer, but…

How not to run out of money in retirement Start thinking about your retirement – nest eggs on dollar bills. Americans aren’t terrific at saving for retirement. Many are even worse when it comes to figuring out how much to spend once they get there. An actuary who’s studied the issue for three decades recently…

Pros and Cons of Reverse Mortgages from The Street. Reverse mortgages have not gone mainstream, but more and more experts like the idea, but with caveats. Hey Millennials! Fix These Two Things and Retire Rich! Despite a healthy dose of industry hype, reverse mortgages haven’t really clicked with older U.S. homeowners — only 3% of…

Reverse Mortgage Qualifying. AARP Weighs in on the ‘New’ Reverse Mortgage Math The Department of Housing and Urban Development’s recent changes to the reverse mortgage program have garnered mixed reviews from the industry, as some laud the rules for helping seniors preserve more equity, while others lament the fact that fewer borrowers may be qualifying…

Reverse Mortgages Make Sense for Retirement Funding Few, if any, retirees like the idea of going into debt to fund retirement. Yet with more and more households coming up short on cash savings, millions of retirees have turned to reverse mortgages as a source of retirement income. Although hardly ideal for financing retirement, reverse mortgages…