A HECM Reverse Mortgage is a Non-Recourse Loan
Monday, April 21, 2014

A HECM Reverse Mortgage is a Non-Recourse Loan

Some homeowners age 62 and older who have significant equity in their homes may be considering a Home Equity Conversion Mortgage (HECM) reverse mortgage loan as part of a comprehensive retirement plan to help them live a better retirement. For some seniors, their house is their largest asset. Taking a reverse mortgage loan can allow […]

Could Robots Assist With Elder Care?
Wednesday, April 16, 2014

Could Robots Assist With Elder Care?

Researchers are creating robots that will be able assist with day to day tasks, potentially making independence more accessible for the senior population. One example of this is the HOBBIT Mutual Care Robot; which is being designed by the European Union’s 7th Framework Programme to assist seniors in remaining independent and living at home.1 HOBBIT […]

Options for Those Struggling with Retirement
Thursday, April 10, 2014

Options for Those Struggling with Retirement

We all know we need to save for retirement. But what if retirement comes sooner than we had planned due to a layoff or a health issue? Another potential outcome is living longer than anticipated and not having enough funds to cover important necessities. According to a 2013 Allstate/National Journal Heartland Monitor poll, Americans are […]

How the U.S. Ranks in Standard of Living & Retirement Study
Friday, March 14, 2014

How the U.S. Ranks in Standard of Living & Retirement Study

According to The Natixis Global Retirement Index, the United States of America ranks 19 out of the 150 nations analyzed in the standard of living and retirement study.1  This marks the second year in a row America has ranked in position 19. The study looks at indicators that determine welfare in retirement. Each country receives […]

How Adult Aged Children Could be a Burden on Parents
Friday, February 28, 2014

How Adult Aged Children Could be a Burden on Parents

Since the 2008 economic crisis, some families may have moved in together to combine expenses. Families may have faced job loss, underemployment or overwhelming debt that forced them to decrease their expenses and move back home. This could come at a sensitive time for aging parents as they face retirement or may already be living […]

Examples to Stretch Retirement Savings
Monday, February 17, 2014

Examples to Stretch Retirement Savings

Seniors who have debt may put off retirement in order to pay off their mortgage or credit card bills. Alyssa Gerace of Reverse Mortgage Daily reports that the number of adults ages 62 through 69 with debt increased from 48% to 62% between 1998 and 2010. In 2010, the median amount of debt for that […]

Enhance Your Life With A Pet
Monday, February 10, 2014

Enhance Your Life With A Pet

Who can resist smiling when you hear a little kitten’s tiny meow or receive a slobbery kiss from a puppy? That smile may be more than just a reaction to something pleasant. There are new studies that prove elders who own pets live longer, experience better health and tend to enjoy life more. According to […]

Reverse Mortgage Q&A With Dr. Trawinksi
Saturday, February 1, 2014

Reverse Mortgage Q&A With Dr. Trawinksi

Reverse mortgage loans may be beneficial for homeowners age 62 years and older who have sufficient equity in their homes. Borrowers can utilize the reverse mortgage loan funds any way they wish, whether it be for medical bills, home improvements, or home health care. As with any financial decision, it is important to discuss your […]

Tips To Sell Your Home Faster
Thursday, January 23, 2014

Tips To Sell Your Home Faster

For what seems like the first time in years, home prices are finally on the rise again. With lower mortgage rates and a stronger economy, potential buyers are coming out in droves, according to AARP. If you have been considering selling your home, now may be the time to act. However with more homes on […]

How a Reverse Mortgage May Help You in the Retirement Crisis
Monday, January 6, 2014

How a Reverse Mortgage May Help You in the Retirement Crisis

The United States Senate reports that “As a country, we are woefully unprepared for retirement. Half of all Americans have less than $10,000 in savings and nearly half of the oldest Baby Boomers are at risk of not having sufficient resources to pay for basic retirement expenses and healthcare costs. The Center for Retirement Research […]