reverse mortgage alabama Archives | Page 3 of 9

Housing economist predicts home prices to drop 10% this year I found this great article today by Milken Institute Global Conference 2023: Bank stress, rate hikes, recession threats. I wanted to bring it to my news and blogs for my customers information. Housing values will drop by double digits this year, one expert is predicting,…

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 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…

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 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…

If You Need Cash in Retirement. Retirement & Financial Planning Report. FEDWEEK Reverse mortgages allow homeowners to tap home equity even if they can’t sell their home; this can supplement retirement funds. While hopefully your plan for funding your retirement will provide what you need, you may find that you have needs for cash that…

Think you can’t buy a house if you are an older adult, or self-employed? It might be possible. ‘There is a misconception that older adults cannot obtain a mortgage.’ How I bought my first house in my 60s I wanted to buy a house of my own. After several years filled with changes in location,…

Half of Americans Without Retirement Plans at Work Nearly half of workers in the U.S. do not have access to retirement plans at work, according to a new AARP study. Nearly 57 million people — 48% of American private sector employees ages 18 to 64 — work for an employer that does not offer either…

Should you use a reverse mortgage to pay for long-term care? Someone turning 65 has nearly a 7-in-10 chance of needing long-term care in the future, according to the Department of Health and Human Services, and many don’t have the savings to manage the cost of assisted living. But they may have a mortgage-free home…

How Does a Reverse Mortgage Work. For many retirees, their largest asset is their home — but they might not be ready to sell to cash in on their equity. That’s where a reverse mortgage can come into play. A reverse mortgage allows people aged 62 and older to continue to live in and own…