If I take out a reverse mortgage loan, does the lender own my home? No. When you take out a reverse mortgage loan, the title to your home remains with you. Most reverse mortgages are Home Equity Conversion Mortgages (HECMs). The Federal Housing Administration (FHA), a part of the Department of Housing and Urban Development […]
One in Six retirees is considering a return to the workforce
The survey — which included 930 American employees and 206 hiring managers — illustrates the number of people returning to work after retirement and outlines the reasons why they’re making these moves. The results also indicate that the majority of those considering a return to the workforce would prefer remote or hybrid positions. “Among those […]
Will US Housing Crash The Economy
Will US Housing Crash The Economy? Maybe it’s different this time. A slowdown in US construction activity has preceded broader slowdowns in the past. Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Could US Housing Crash The […]
Should You Use a Reverse Mortgage to Retire
Should You Use a Reverse Mortgage to Retire Should You Use a Reverse Mortgage to Retire? Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. A reverse mortgage could provide much-needed cash flow, […]
I Don’t Believe Inflation is Just 6.5
I Don’t Believe Inflation is Just 6.5% Right Now (And I’m Thinking You Probably Don’t Either). On Thursday, the Bureau of Labor Statistics released the latest consumer price index report for December, which showed an annualized inflation rate of 6.5%. This means that the federal government thinks prices have increased 6.5% since one year prior. Does […]
How To Buy a House When You’re Retired
How To Buy a House When You’re Retired People entering into retirement may consider purchasing a home once they do so. However, most retirees are on a fixed income in their retirement years and must be careful when considering using their savings for a major purchase. Retirement at Any Age: Get Top Retirement Tips for […]
Now’s a great time for a reverse mortgage
Now’s a great time for a reverse mortgage In today’s economic climate, clients need financial solutions that make sense. Today’s economic circumstances are taking a toll on retirees. From delaying major purchases and driving less, to cancelling or curtailing travel plans, many are sacrificing to make ends meet. Retirees need solid financial options to help ease […]
Getting a reverse mortgage
Older homeowners aged 62 and older are sitting on a mountain of equity. Over $11 trillion dollars according to the National Reverse Mortgage Lenders Association’s Risk-Span Reverse Mortgage Market Index. With seniors awash in home equity is this a good time for older homeowners to tap into their home’s value? With home prices on average […]
Everything to know about reverse mortgages
Everything to know about reverse mortgages BY ALY YALE. CBS NEWS.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief. With products like cash-out refinances, home equity loans or HELOCs, you can […]
Long-Term Care and Housing
Many Middle-Income Seniors Will Not Be Able to Pay for Long-Term Care and Housing in 10 Years Total Number of Middle-Income Seniors Expected to Grow by 89 Percent by 2033 CHICAGO, August 31, 2022 – By 2033, more than 11 million middle-income seniors aged 75 and older may not be able to pay for assisted living and […]
- 1
- 2
- 3
- 4
- Next Page»
