Posts Tagged ‘reverse mortgage birmingham’
Line of Credit Payment
DEFINITION of ‘Line-of-Credit Payment Plan. A recent article on investopedia that explains ye line of credit benefit. A method of receiving reverse mortgage proceeds that lets the homeowner borrow funds only as needed. The line-of-credit payment plan establishes a total amount the homeowner can borrow, called the initial principal limit, based on the homeowner’s age, the home’s…
Read MoreReverse Mortgage Inheritance
Reverse Mortgage Inheritance What reverse mortgage means for inheritance Q. My parents are using a reverse mortgage to generate funds for daily living. Recently, someone suggested that they should have created a revocable trust for the home — which is quite valuable — so that it could pass to me and my brother more easily. Is…
Read MoreSenior Care Options
3 Questions for Clients Who Are Looking at Senior Care Options Some clients have to move from planning for long-term care to implementing the plan. Financial advisors wear many hats when providing their clients with guidance about their futures, and fielding questions about care for aging parents often comes with the territory. Choosing the right…
Read MoreSecure Comfortable Retirement
Secure Comfortable Retirement Check these three boxes if you want to secure a comfortable retirement. by Peter Dunn, Special for USA TODAY Pete: I have a question about retiree housing which I’ve never seen addressed. What about people who’ve rented most of their working lives? This would include many career military or foreign service staffers…
Read MoreReverse Mortgages Deserve 2nd Look
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…
Read MoreSolution in a Down Market
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…
Read MoreReducing Dementia Risk
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 —…
Read MoreUnderutilized retirement strategy
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…
Read MoreCost of Retirement
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…
Read MoreReverse Mortgage tax law
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…
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