Savings worse than before Great Recession

More than 1 in 5 say retirement savings are worse now than before the Great Recession  The BoomerFOXBusiness    Record upswing for US economy Former Reagan economist Art Laffer on the U.S. economy’s record expansion. As America marks the 10th anniversary of the end of the Great Recession in June, a new Bankrate surveyOpens a New […]

Home help you fund your retirement?

Could your home help you fund your retirement? Many people live in their most valuable asset. Here’s how its value could help you retire on your terms. Key points. Regardless of whether you plan to sell your home or not, your home equity can play a key role in your financial strategy for retirement If you […]

financial advisors are uninformed

Most financial advisors are uninformed and misinformed when it comes to the importance of reverse mortgages, and it’s time for this to change.  The Funding Longevity Task Force wants YOU… to know about reverse mortgages. Financial Planners and Elder Care attorneys are recommending Reverse Mortgages now because people are living longer. The 401k came out […]

Originating Reverse Mortgages

Originating Reverse Mortgages is often a heart wrenching reality. I think back on the people that I have helped over the years in my Reverse Mortgage experience. Some of the people stand out to me more than others for various reasons. I was just remembering a lovely lady that really made me cry when she […]

Stock Market Uncertainty

Exploring Home Equity Amid Stock Market Uncertainty. The recent volatility in the stock market has brought stress and uncertainly to many retirees and investors. So far, the roller coaster ride has yet to significantly impact the reverse mortgage industry, loan originators said, but that could change if stocks continue to lose value. As companies were […]

Caregiving – Siblings Don’t Help

Top 3 Excuses From Siblings Who Don’t Help With Care giving Unfair as it may seem, even in families of many adult children, one sibling us-ually becomes the primary caregiver for their aging parents. In many families, such as mine, this person is the one who lives the closest to the parents and/or is most […]

HECM for Purchase

New Rules Improve the HECM for Purchase, But Challenges Remain New Rules Improve the HECM for Purchase, But Challenges Remain. Recent changes to the reverse mortgage program that reduced lending limits and amended ongoing insurance premiums have many originators expecting a slump in business. But some say the Home Equity Conversion Mortgage for Purchase is […]

Reverse Mortgage Children Talk

Reverse Mortgage Borrowers’ Children Talk about it’s  Successes While reverse mortgage loan originators frequently receive feedback from their clients and the family members, and adult children; it’s not often that borrowers’ adult children weigh in publicly about their experiences. During the National Reverse Mortgage Lenders Association’s annual conference last month in San Francisco, several children of reverse mortgage […]

Welcome change of course

A welcome change of course from the Trump administration from Washington Post Virginia Rayford, 92, is facing foreclosure on her Washington home. (Salwan Georges/The Washington Post) By Editorial Board September 5 at 6:59 PM THERE ARE many good reasons for the federal government to intervene in the economy, but diverting resources from less affluent first-time home buyers […]