How do you pay back a reverse mortgage? At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money. A reverse mortgage can make it possible for seniors to remain […]
Reverse Mortgage Uses
Reverse Mortgage Uses Reverse Mortgage Uses. A HECM Reverse Mortgage is a versatile retirement funding tool that can be utilized in many ways. Here are just some of them: Pay off your forward mortgage to reduce your monthly expenses. Re-model your home to accommodate aging limitations. Maintain a line of credit (that grows) for health […]
How Does A Reverse Mortgage Calculator Work?
How Does A Reverse Mortgage Calculator Work? If you’re a senior and thinking of tapping into the equity you’ve built up in your home by taking out a reverse mortgage loan, then you likely have a lot of questions, especially if you’re entertaining this idea for the first time. It is only natural, considering that […]
Reverse Mortgages Well Suited to Aging in Place Issues
Housing Experts: Reverse Mortgages Well Suited to Address Aging in Place Issues The Reverse mortgage program can be a very valuable tool for addressing issues related to aging in place in the United States, as well as circumventing some problems related to the spread of COVID-19 in senior housing and nursing facilities. However, some issues […]
Strategic Tax Planning for the Wealthy
Strategic Tax Planning for the Wealthy with Reverse Mortgages Loan officers in the Reverse Mortgage business have ben trying to explain this to financial planners for some time now. I was glad to find this from Nasdaq this morning. The Tax Cuts and Job Act of 2017 (TCJA) dramatically changed tax law in our country. […]
How to Make Your Retirement Savings Last
How to Make Your Savings Last for Decades, According to a 96-Year-Old Retirement Expert Lots of retirement experts theorize about how best to plan for the thirty-plus years you hope to enjoy after hitting 65. When Jack Guttentag — who turned 96 last December — gives advice, he’s speaking from experience. Guttentag, an economist who […]
Reverse Mortgages Easier to Recommend
FPA Chair: Reverse Mortgage Refinements Make Products Easier to Recommend The evolution of the reverse mortgage product space has been a constant reality that the surrounding industry has had to contend with for many years, but having gone through such demonstrable and customer-focused periods of change is exactly what has made reverse mortgages more appealing […]
Reverse Mortgages – niche product?
Brookings: Reverse Mortgages Should be More than a Niche Product Reverse mortgage products, while unlikely to become “a pillar” of American retirement, are economically justified “to play an expanded role in helping older Americans achieve a secure livelihood.” This is according to a new research paper released by the Brookings Institution, authored by researchers Martin […]
Sequence Of Returns Risk
How to battle sequence of returns risk. Investment News Retiring during the longest-running bull market in history can be scary, as some begin to wonder when the good times will end? There were two recurring themes at the annual Investment News Retirement Income Summit in Chicago earlier this month: the economic impact of increased longevity […]
Planners recommending a Reverse Mortgage
Why more and more financial planners are recommending to their clients a Reverse Mortgage. The proper name for this product has always been Home Equity Conversion Mortgage or HECM for short. The HECM can be used as a defensive play protecting managed assets or to pay off a mortgage. For instance, a client of mine […]
