The Complex Truth About Reverse Mortgages In TV commercials, pitchman Tom Selleck hawks the virtues of reverse mortgages. But are they a lifeline for retirees, or a hoax? The truth is complicated and nuanced. An Unsavory Reputation. “Reverse mortgages are viewed much more positively by economists than by advisors,” said Michael Finke, Frank M. Engle […]
Unaffordable housing market is becoming even more expensive
Unaffordable housing market is becoming even more expensive as mortgage rates soar over 7%. An already miserably unaffordable housing market is getting more expensive. As mortgage rates top 7% — the highest they’ve been in 21 years according to Freddie Mac — home buyers face ballooning costs. Some housing experts are warning that rates could keep […]
housing market about to crash
Housing market about to crash? Here’s what experts say Housing economists and analysts agree that any market correction is likely to be a modest one and not a full housing market about to crash. After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing […]
30% of Americans Still Won’t Consider EVs
More Than 30% of Americans Still Won’t Consider EVs Nearly a third of Americans surveyed said they would not consider purchasing an electric vehicle (EV), and those that would are looking to alleviate range anxiety. Nearly a third of Americans (31%) said they would not consider buying an electric vehicle (EV), while 34% said they […]
Medicaid purge begins
As Medicaid purge begins, ‘staggering numbers’ of Americans lose coverage States are combing through Medicaid rolls to decide who stays and who goes. But the overwhelming majority of people who have lost coverage so far were dropped because of technicalities. More than 600,000 Americans have lost Medicaid coverage since pandemic protections ended on April 1. And […]
Home prices to drop 10%
Housing economist predicts home prices to drop 10% this year Milken Institute Global Conference 2023: Bank stress, rate hikes, recession threats. Housing values will drop by double digits this year, one expert is predicting, as tighter lending requirements choke off demand. “So we are forecasting that we are going to see home prices to drop 10% decline […]
How to Pay for Home Care
How to Pay for Home Care When a chronic health condition, recovery from an illness, dementia, or even the normal aging process makes it difficult for a senior to live at home safely, in-home care can provide the supervision and assistance they need to age in place. However, families are often concerned about how much […]
How Reverse Mortgages Finally Became Safe
How Reverse Mortgages Finally Became Safe The decision to take out a Home Equity Conversion Mortgage is a big one, and you may be wondering how safe this government-insured loan program is. While reverse mortgages aren’t right for everyone, the HECM program has several built-in protections designed to keep borrowers safe. FEDERAL GUARANTEE. One of […]
Aging Parents Need Home Care
How to Know If Your Aging Parents Need Home Care. by Elder Law Answers Friendly nurse interacts with senior woman in home setting.As our parents get older, we must make tough decisions regarding their health care. It can be hard to know when to bring in professional support in the form of home care. Consider […]
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 […]
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