Is Working Longer Really a Solution to a Stable Retirement?
Wednesday, February 25, 2015

Is Working Longer Really a Solution to a Stable Retirement?

Many Americans have grand plans for their retirement. Some plan to travel and have more time to focus on family or hobbies or to relax after many years of hard work. But it is important for workers who are facing retirement to create a plan. What will they do immediately after retirement? What will they […]

Is a Reverse Mortgage a Good Idea for Me?
Tuesday, December 23, 2014

Is a Reverse Mortgage a Good Idea for Me?

If you’re at least 62 years old and have significant equity in your home, you might be considering a reverse mortgage loan. You may be wondering if a reverse mortgage loan is the best option for you. There are some questions you may want to discuss with a trusted friend, family member or financial adviser […]

Should Women Consider Reverse Mortgage As An Option
Friday, November 14, 2014

Should Women Consider Reverse Mortgage As An Option

If you are a single woman, you may have greater “longevity risk” than the average couple or a single man1 Women who are widowed, divorced or never married may have greater financial planning needs as women tend to live longer than men and generally have less money to do so. In fact, according to Elder Issues […]

Can a Reverse Mortgage Help Deal With Debt During Retirement
Tuesday, October 28, 2014

Can a Reverse Mortgage Help Deal With Debt During Retirement

One of the keys to a happy retirement includes not having retirement debt. However, a number of older homeowners may feel financially unprepared when entering retirement. Seniors typically choose to live off their savings with some help from Social Security but for those who do not have substantial savings, facing retirement can be frightening. Fortunately, […]

Things to Consider When Getting a Reverse Mortgage
Friday, October 17, 2014

Things to Consider When Getting a Reverse Mortgage

A reverse mortgage loan can be a great financial tool for homeowners age 62 and older who have built up significant equity in their home. Borrowers who take a reverse mortgage loan may receive payments in the form of a lump sum, monthly payments or a line of credit, and they can use the funds […]

Tips When Considering a Reverse Mortgage Loan
Monday, September 15, 2014

Tips When Considering a Reverse Mortgage Loan

Reverse mortgage loans allow homeowners age 62+, access the equity in their homes while still retaining the title of the home. Borrowers can use the extra income to pay for health care expenses, home repairs or remodels, travel or just to make ends meet through retirement. Homeowners must have significant equity in their home and […]

Survey: Perception of Retirement Savings
Wednesday, September 10, 2014

Survey: Perception of Retirement Savings

Each month Bankrate1 surveys Americans about how secure they feel about their personal finances compared to the previous year. This year, from August 7th through the 10th, the survey included 1,003 adults living in the United States. The participants were contacted by Princeton Survey Research Associates International to give their opinions on their financial state. […]

Which Home Equity Loan is Right For You?
Thursday, August 21, 2014

Which Home Equity Loan is Right For You?

With the many commercials on television about accessing home equity. Questions are bound to come up about the legitimacy, requirements and cost of the various loan types. This article will address the differences amongst the most common home equity borrowing options. Although each loan type relates to borrowing home equity. There are important differences to […]

New Reverse Mortgage Rules for Couples
Monday, August 11, 2014

New Reverse Mortgage Rules for Couples

Reverse mortgage loans can be excellent financial tools for homeowners over 62 who have significant equity in their homes. The loan does not become due until the borrower passes away or no longer lives in the home full time. The home needs to be maintained and borrowers will continue to pay insurance and taxes for […]

3 Ways Seniors Can Remain in Their Homes Longer
Thursday, July 31, 2014

3 Ways Seniors Can Remain in Their Homes Longer

According to a 2011 AARP study, 90% of adults over age 65 want to stay in their home for as long as possible, but many end up moving to senior living communities.1 However, there are three specific models that may help seniors remain in their homes longer, especially if they have increasing health needs. Implementing […]