You’re Approaching Retirement with Debt

You’re Approaching Retirement and in Debt, Now What? A Study by the Employee Benefit Research Institute indicated that nearly 70% of retirees have debt and nearly 50% of retirees over the age of 75 are still managing debt. by Stuart Welch of Birmingham and Birmingham’s Al.com. Managing cash flow during retirement is tough enough without…

Retirement Debt. Reverse Mortgage Alabama. Estate Planning: Taking Debt into Retirement. Debt can be a strategy, too. Columbus CEO. By Mike Mahoney. I see this more and more with homeowners I work with. The math is simple; lets say you have a $150,000 house with more than 10 years remaining on a $800 a month…

Unsure if a Reverse Mortgage is right for you?

Let us know and one of our experienced lending professionals will be happy to help you out.

Ask a professional

Licensing

Scott Underwoood #206339 #221195

Serving Birmingham, Huntsville, Mobile, Alabama, Georgia, Mississippi, and Tennessee.

nmlsconsumeraccess.org

Contact Us

Number:
(205) 908-2993

More Links

Equal Housing Lender Expertise.com

**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.

You’re Approaching Retirement with Debt

Posts Tagged ‘retirement debt’