Posts Tagged ‘reverse mortgage birmingham’
Taking Early Social Security Benefits Are Few
Good Reasons for Taking Early Social Security Benefits Are Few. Forbes Retirement Taking Social Security benefits as early as possible, at age 62, is not very beneficial for an American retiree concerned with maximizing their post-working income. This is according to Steve Vernon, FSA and consulting research scholar in the financial security division at Stanford…
Read MoreAging in Place
Diving Deeper into Medicare Advantage’s Potential for Aging in Place Aging in place remains a major priority for many seniors who take out a reverse mortgage, using the proceeds from their loan to help make the goal of staying in their house more possible. With newly proposed changes to the Medicare Advantage program having the…
Read MoreDon’t Ignore Reverse Mortgages
Despite Tough Sell, Don’t Ignore Reverse Mortgages. from Financial Advsior Magazine. Clients who risk running out of money in retirement can likely benefit from a reverse mortgage, especially if they take out the mortgage early in retirement, according to Christopher Mayer, chief executive at mortgage lender Longbridge Financial, and Wade Pfau, professor of retirement income…
Read MoreAging in Place
Diving Deeper into Medicare Advantage’s Potential for Aging in Place Aging in place remains a major priority for many seniors who take out a reverse mortgage, using the proceeds from their loan to help make the goal of staying in their house more possible. With newly-proposed changes to the Medicare Advantage program having the potential to allow…
Read MoreAmericans’ Retirement Savings
Five Jaw-Dropping Stats About Americans’ Retirement Savings We think of retirement as a relaxing, carefree time in our lives when we can do whatever we please, but for many working Americans today, retirement will be more of a nightmare than a dream. Study after study has shown that many Americans are well behind where they…
Read MoreDebt Worse for Seniors
Debt Situation Grows Worse for Senior Population: Economist Seniors are more likely to hold home-secured debt, and to hold more of it today than in years past. Their percentage of held debt held has also increased, with seniors aged 75 and up having become four times more likely to hold home-secured debt in 2016 when…
Read MoreSenior Debt Grows
Debt Situation Grows Worse for Senior Population Seniors are more likely to hold home-secured debt, and to hold more of it today than in years past. Their percentage of held debt held has also increased, with seniors aged 75 and up having become four times more likely to hold home-secured debt in 2016 when compared…
Read MoreReverse Mortgage Use
The HECM Reverse Mortgage has many ways people use it today. Consumer Eliminate current mortgage and payment. Eliminate HELOC that is due and payable in 10 years Use for medical expenses or in-home care Update or make repairs on your home Bankers I can help when a retiree comes in with a HELOC that needs…
Read MoreSocial Security Insecurity
Social Security Insecurity Pressing The Reset Button: The Gap Years. Social Security & an IPA Social Security Insecurity. As human lifespan climbs steadily towards the century mark, Social Security is only one — and woefully inadequate — means of funding a lengthening retirement period. In fact, we’re in the midst of creating second-stage work lives, or…
Read MoreA Mortgage That Pays You
A Mortgage That Pays You. Your parents have spent years faithfully making monthly mortgage payments. Maybe it’s time to let that hard-earned equity give them cash in their bank account. I found this explanation in the Family Circle and thought to myself ” I continue to bring people Reverse Mortgage news, but usually it’s from…
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