kiplinger Archives | Reverse Mortgage Alabama

MAKING YOUR MONEY LAST

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

MAKING YOUR MONEY LAST Making your money last in retirement. Live Well Without Running Out of Money in Retirement. These money-generating tactics will help retirement savers enjoy their Golden Years without stressing over cash. As you near retirement, you might look back and think that saving for this next stage of life was the easy […]

Reverse Mortgages That Work

Reverse Mortgages That Work A path to provide retirees with financial flexibility and security. brought to you from Kiplinger Magazine and Scott Underwood- Reverse Mortgage Alabama. Many homeowners in or near retirement face a quandary. Their wealth is tied up in their home—two-thirds of the average retiree’s net worth is home equity—yet they’d rather not […]

**The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, you are required to consult with a qualified independent housing counselor and include family members and other trusted advisers before making this decision. This information is not from HUD or FHA and was not approved by HUD or any government agency.

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