Today’s Reverse Mortgage – Better than Before
Monday, July 20, 2015

Today’s Reverse Mortgage – Better than Before

Reverse mortgages are available to qualifying homeowners who are 62 years of age or older, which have built up sufficient equity in their homes. They enable borrowers to convert a portion of their home equity into tax-free funds without having to sell their home, give up title, or take on a new monthly mortgage payment.1 […]

A New Take on the Reverse Mortgage
Monday, July 13, 2015

A New Take on the Reverse Mortgage

A common misconception regarding reverse mortgages has revolved around the idea that only seniors with minimal retirement options pursued them. However, as financial planners and wealthy individuals are now embracing reverse mortgages as a reliable component of retirement planning, the former perception of the concept is starting to change. Currently, there are 75 million Baby […]

Reverse Mortgages and Retirement
Wednesday, July 1, 2015

Reverse Mortgages and Retirement

America’s imminent retirement crisis has created a new purpose for reverse mortgage loans. Financial advisors are recognizing that the product can protect against future costs and provide income for seniors during their post-career days. It is common for retirees to find that they have not accumulated enough savings and that a significant portion of their […]

How Reverse Mortgages Fit into Modern Day Retirement Planning
Wednesday, June 24, 2015

How Reverse Mortgages Fit into Modern Day Retirement Planning

Today’s workers find themselves planning a little differently for retirement than previous generations.1  The future of Social Security and changes to company pensions have all contributed to the need for workers to increase their retirement savings well before retiring. Workers may also consider other sources of funds to supplement their retirement income. Social Security funds, […]

What Seniors Can Do About Debt Collection
Wednesday, June 17, 2015

What Seniors Can Do About Debt Collection

According to the Consumer Finance Protection Bureau (CFPB) older Americans are experiencing a number of frustrations when it comes to debt collection, including frustrations related to outstanding balances, confusion about deceased family members’ debt and suspicious phone calls from people claiming to be debt collectors.  Below are some suggestions by the CFPB to help older […]

How Much Do You Need To Retire Comfortably? – The Three L’s!
Wednesday, June 10, 2015

How Much Do You Need To Retire Comfortably? – The Three L’s!

It can be a challenge to determine how much money you’ll need to save for a comfortable retirement. The general consensus is to have savings of anywhere between 10 to 12 times your current income or a nest egg of $1 million to $1.5 million.1 Even though there isn’t a set number that we should […]

How a Reverse Mortgage can Help with Home Improvements and Other Expense
Wednesday, June 3, 2015

How a Reverse Mortgage can Help with Home Improvements and Other Expense

If you are like many seniors, you may be living on a fixed income. Often, that income isn’t enough, and you may be doing without some necessities in order to afford other day to day expenses. Because the cost of living is steadily increasing, many seniors must pay for medical bills, prescriptions, food and utilities […]

Millennials Face Tough Retirement Road Ahead
Wednesday, May 27, 2015

Millennials Face Tough Retirement Road Ahead

The millennial generation is typically digital savvy, well-educated and active in their communities. The group is made up of young adults from about 18 years old to those in their early 30s. Even though they have lived through some of the worst financial crises in recent times, they may not be prepared for retirement planning. […]

The Time is Now!
Wednesday, May 20, 2015

The Time is Now!

Reverse mortgage loans allow the borrower to tap into a portion of their home equity. For many seniors who are least 62 years old, a reverse mortgage loan can be a financial lifeline during their retirement. Jack M. Guttentag, the Mortgage Professor, recommends interested homeowners look into reverse mortgage loan options now because interest rates […]

Amazing Seniors In Sports, Art, Literature
Wednesday, May 13, 2015

Amazing Seniors In Sports, Art, Literature

If you ask seniors what the key to a long life is, many will tell you that doing what you love keeps you young and healthy. But what if you don’t discover your passion until later in life? We have compiled a list of seniors who achieved enormous success in their golden years, teaching later […]