Posts Tagged ‘hecm’
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…
Read MoreSenior Housing
What to Look for When Visiting an Elder in Senior Housing So, you and your loved one have taken the plunge. You’ve put in the time and effort to research senior housing options, take tours and compare your thoughts. The big move is finally behind you both. You might think the hard work is over,…
Read MoreEverything you need to know
Everything you need to know about reverse mortgages. What is a reverse mortgage? A reverse mortgage is a type of home equity loan for homeowners 62 or older that doesn’t require monthly mortgage payments and that the home’s equity is generally paid out to the homeowner monthly. Reverse mortgages are often considered a last-resort source of…
Read MoreU.S. Housing Reform Plan
President Trump Calls for U.S. Housing Reform Plan, Review of HECM Program President Donald J. Trump signed an executive memorandum Wednesday initiating the process of reforming the United States housing system, which includes an objective to examine the “financial viability” of the Home Equity Conversion Mortgage (HECM) program. The president has expressed his intent to…
Read MoreHECM Line of credit
Understanding Why And How The HECM Line Of Credit Grows Understanding Why And How The HECM Line Of Credit Grows by Wade Pfau the RETIREMENT RESEARCHER A mortgage’s effective rate is applied not just to the loan balance but also to the overall principal limit, which grows throughout the duration of the loan. How the…
Read MoreExperts Tout Benefits
Experts Tout Benefits of Reverse Mortgages to Financial Planners Reverse Mortgages are not looked at anymore as a bad thing, but a longevity tool. Several Ivy League economy colleges have study groups looking for ways to take care of our aging. A Reverse Mortgage can benefit by supplementing your retirement income. As finances are uncertain…
Read Morefinancial advisors are uninformed
Most financial advisors are uninformed and misinformed when it comes to the importance of reverse mortgages, and it’s time for this to change. The Funding Longevity Task Force wants YOU… to know about reverse mortgages. Financial Planners and Elder Care attorneys are recommending Reverse Mortgages now because people are living longer. The 401k came out…
Read MoreSeniors Rely On Social Security
Seniors Rely On Social Security Quarter of Seniors Rely Solely on Social Security in Retirement. A recent analysis from the Social Security Administration shows that American seniors rely heavily on federal benefits in retirement — often in the absence of any other income source. About a quarter of U.S. residents aged 65 and older lived in…
Read MoreRetirees not to ignore Reverse Mortgages
Finance Professor Urges Retirees Not to Ignore Reverse Mortgages Early in his new book on retirement strategies, financial planner and professor Jamie Hopkins introduces the idea of reverse mortgages as a potential part of long-term retirement planning — and he quickly anticipates the potential backlash. “Let me preface this by pleading with you to continue…
Read MoreSolution in a Down Market
Positioning Reverse Mortgages as a Solution in a Down Market One of the most prominent scholarly advocates for using reverse mortgages in retirement laid out a case last week for finding opportunity in the volatile stock market. “A reverse mortgage helps preserve a portfolio and gives it a chance to recover,” Wade Pfau, professor at…
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