tennessee Archives | Reverse Mortgage Alabama

I pulled this word by word from the AARP handbook. There are also single-purpose reverse mortgage loans offered by states or local governments — these are often designated for paying property taxes or covering home repairs — as well as proprietary reverse mortgages with fees and terms that can vary by lender. Proprietary reverse mortgages…

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…

SSA sends a misleading email regarding President Donald Trump’s tax cuts on Social Security benefits for most recipients to making the most of your Social Security benefits. While the change may seem small, it has important implications on how and when you can claim your benefits. Understanding how these changes affect your retirement strategy is…

How Tariffs Could Impact Economic Growth Fed Official Revises Interest Rate Cut Forecast for 2025 Inflation remains the key factor influencing interest rate decisions. The Federal Reserve consistently emphasizes its dual mandate when making interest rate decisions. Established in 1977, this mandate requires the Fed to: Promote maximum employment Maintain stable prices and moderate long-term…

What Does the Fed Rate Cut Mean for Home Prices? At the last two Federal Reserve Board meetings, the agency cut the federal funds rate — for a total of 0.75%. You might think this means all interest rates will automatically drop by that same amount, but that’s not really how it works. The federal…

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…

Reverse Mortgage rate have come down a ½ point. Mortgage company rate speculators try to “get ahead”. This is not the quarter point we have been waiting for since early 2022. Instead, the rate has gone up for 19 months in a row. I am 50/50 if they will cut it, but if they do it will…

Should you use a reverse mortgage to pay for long-term care? Someone turning 65 has nearly a 7-in-10 chance of needing long-term care in the future, according to the Department of Health and Human Services, and many don’t have the savings to manage the cost of assisted living. But they may have a mortgage-free home…

The Reverse Mortgage purchase can help out more in a market with low inventory. In today’s market with not enough inventory wouldn’t you love to be able to magically double your clients purchasing power, especially if they were thinking they could buy more home than they actually can? If they are age 62 or above,…