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Reverse Mortgages Deserve 2nd Look Jamie Hopkins , CONTRIBUTOR Opinions expressed by Forbes Contributors are their own. What’s the deal with reverse mortgages? This question was addressed in a recent Housing Wealth in Retirement Symposium held on March 23, 2018, in Washington, DC. The event was co-hosted by The American College of Financial Services and the Bipartisan Policy Center. While the symposium took…

Positioning Reverse Mortgages as a Solution in a Down Market One of the most prominent scholarly advocates for using reverse mortgages in retirement laid out a case last week for finding opportunity in the volatile stock market. “A reverse mortgage helps preserve a portfolio and gives it a chance to recover,” Wade Pfau, professor at…

Reducing Dementia Risk: New Treatment, and A Tried-and-True Remedy This is the age of health breakthroughs, such as a genetic treatment for a rare, inherited form of blindness. That’s wonderful for the comparatively small number of people affected. But what about a much more prevalent condition, currently afflicting five and a half million people —…

Underutilized retirement strategy Underutilized retirement strategy. Across the nation, thousands of seniors have used a Home Equity Conversion Mortgage (HECM), commonly called a reverse mortgage loan, as savvy way to access the equity in their homes as part of their retirement strategy. But it still remains an underutilized retirement strategy with less than 10% of…

Here’s the Average Cost of Retirement: How Prepared Are You? According to an Age Wave/Merrill Lynch report, 81% of Americans report not knowing how much money they’ll need for retirement. That’s more than a little problematic, because if you don’t know how much you’ll need, you can’t know if you’ve been saving enough. How much…

What the New Tax Law Means for Reverse Mortgage Borrowers American taxpayers and accountants are still sorting out the effects of the wide-reaching Republican-led tax overhaul, and the ramifications could be severe for reverse mortgage borrowers — or nonexistent, depending on who you ask. One key problem could potentially arise from new rules regarding the…

A reverse mortgage or bankruptcy are two options available to the elderly with high debt. How to find your way out of difficult financial circumstances. by Liz Weston question and answers. Dear Liz: I desperately need your help! My husband, who is 91, is in the early stages of dementia. I just turned 88 and…

Financial Assessment for Reverse Mortgages Looks Better and Better. Financial Assessment is still working, only more so. The Federal Housing Administration’s new policy of requiring financial assessment of the borrower’s ability to pay has cut tax and insurance defaults by nearly three-quarters and serious defaults by almost two-thirds. These results are even better than the…

Pull cash out. Reverse Mortgage Alabama reads in California’s O.C. Register. Now’s a good time to pull cash out of your home. Orange County Register. BUSINESS. By JEFF LAZERSON / CONTRIBUTING F Southern California homeowners are breaking into their home equity piggy banks as home values appreciated and equity has swelled. The number of cash-out…

Financial Plans help. Reverse Mortgage Alabama. How reverse mortgage loans can help with financial planning. Bankrate.com. Jay MacDonald Thanks to 2014 changes in federal regulations on reverse mortgages, the loans now serve as a financial planning tool for the waves of middle-class baby boomers facing retirement. In 2014, the Department of Housing and Urban Development,…