reversemortgagealabama Archives | Reverse Mortgage Alabama

As most of you know by now, the Federal Government was shut down effective October 1 and will remain shut down until Congress comes to an agreement to continue funding the government. We will keep you updated as we learn and hear more here at SimpleReverse, but in the meantime, what does this mean for…

There are a few big things retirees should know about reverse mortgage rates in today’s market. The Federal Reserve announced its first rate cut of 2025 yesterday, lowering its benchmark rate by a quarter of a percentage point. After holding steady for months in the face of stubborn inflation, the Fed is now signaling that…

This as-told-to essay is based on a conversation with Vince Scidone, a 90-year-old former carpenter in Oklahoma. Scidone works part-time as a cook at a convenience store chain. He returned to work after his wife, Deborah, got sick, and they needed additional income to support them in their retirement. Business Insider has verified Scidone’s income…

MoneyWatch: Managing Your Money Experts weigh in. Retirees should closely compare their HELOC and reverse mortgage options before borrowing any equity from their home. Retirees are increasingly exploring home equity as a tool to manage their rising costs. While inflation affects all of us, retirees are particularly vulnerable to its effects because of their fixed…

Yes, it’s possible that an investment advisor could be sued if clients lost money due to their advice and felt that the advisor should have offered a reverse mortgage as a way to supplement their income, particularly if it was a suitable option for their situation and the advisor failed to present it. Here’s a…

5 Ways Retirees Can Prepare for a Recession…in Reverse If there’s one thing that can upend retirement plans it’s a recession which an increasing consensus of economists are predicting for the US economy. Indicators like a weakening labor market, stubbornly high inflation, and declining manufacturing activity all point to a potential economic slowdown. So, how…

Benefits of a reverse mortgage. Is a reverse mortgage worth it? Moneywatch. CBS News Reverse mortgages provide some unique benefits compared to other home equity options. If you’re a senior looking to reduce expenses or have extra income, you may have come across a product known as a reverse mortgage. Reverse mortgages are a funding source…

How To Buy a House When You’re Retired People entering into retirement may consider purchasing a home once they do so. However, most retirees are on a fixed income in their retirement years and must be careful when considering using their savings for a major purchase. Retirement at Any Age: Get Top Retirement Tips for…

What Is a Reverse Mortgage, and How Does It Work? Money.com What Is a Reverse Mortgage? A reverse mortgage is a type of home loan for older homeowners. Unlike traditional mortgages, they don’t require homeowners to make monthly payments. Instead, the borrower receives payment from the lender — either monthly, via a line of credit…

Seniors turn to reverse mortgages as a cash lifeline during the coronavirus crisis. CNBC More seniors turn to reverse mortgages as a cash lifeline during the coronavirus pandemic. A reverse mortgage can be used in correlation with other retirement income strategies to lessen what’s known as “sequence of return risk.” Applications for reverse mortgages were…