Posts Tagged ‘reverse mortgage birmingham’
Americans could see promised Social Security benefits cut
Americans could see promised Social Security benefits cut by 27% in just 10 years — 3 smart strategies for tapping into your benefits. Americans could see promised Social Security benefits cut by 27% in just 10 years — 3 smart strategies for tapping into your benefits Possible cuts of up to 27% to Social Security…
Read MoreRetirement confidence
Retirement confidence in the US tanks by largest margin since the Great Recession Retirement confidence of Americans in having enough money for a comfortable retirement has taken the biggest dive in 15 years, according to a new survey. Just 64% of workers are very or somewhat confident they’ll have enough money to live comfortably in…
Read MoreDenied Mortgage Loans
Data shows older adults more likely to be denied mortgage loans Older people are denied mortgages loans at a higher rate while younger borrowers have higher HECM rejection rates: NYT Older adults tend to have higher credit ratings than any other age group in the nation. However, older Americans are also more likely to be…
Read MoreHow 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…
Read MoreFinancial Assessment
How Financial Assessment Made Reverse Mortgages Safer This financial assessment process is conducive to making the Home Equity Conversion Mortgage (HECM) an even safer loan product. If a potential borrower can swallow such an absurdity he need not be concerned about who this financial assessment (FA) is making the product safer for! The FHA wants…
Read MoreNow’s a great time for a reverse mortgage
Now’s a great time for a reverse mortgage In today’s economic climate, clients need financial solutions that make sense. Today’s economic circumstances are taking a toll on retirees. From delaying major purchases and driving less, to cancelling or curtailing travel plans, many are sacrificing to make ends meet. Retirees need solid financial options to help ease…
Read MoreSeniors want to move on, but ‘stuck’ in home
Seniors want to move on, but ‘stuck’ in home after not qualifying for new mortgage If your income is solely Social Security, it’s tough to qualify for a mortgage of any reasonable size, even at today’s extremely low interest rates. Q: There are thousands of seniors like us who are “stuck” in their homes because…
Read MoreFaulty Benefit Information from Social Security
Retiree gets faulty benefit information directly from Social Security personnel Dear Liz: I’m concerned that you don’t make it clear that in order for a Social Security benefit to grow, a person needs to keep working and earning the same income that they’ve been making. I’ve retired recently and am lucky enough to have a…
Read MoreLong Term Care Education
How to Plan and Pay for Long term Care With and/or Without Insurance Seniors have been the most vulnerable population during the coronavirus pandemic. They have been especially hit hard by the health impact of the virus, as well as the financial turmoil that the virus has unleashed. But financial security is a concern for…
Read MoreReverse Mortgages As Markets Wobble?
As Markets Wobble, Will We See a Wave of Reverse Mortgages? Over the past three months, the stock market has been on a roller coaster. Investment portfolios have followed suit, which could be particularly concerning for those who are counting on those funds for retirement. For those close to retirement, a lack of savings may…
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