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 financial needs and goals with a trusted advisor. The following is...

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 the market, you may have a difficult time making your home stand out. Here are some tips from...

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 at Boston College estimates that our “retirement income...

Did you know that you may be able to defer your Social Security as part of your financial planning? By doing so you may be able to increase your benefit amount once you begin drawing payments.1 However, if you are concerned that your cash flow won’t be enough to meet your needs in the meantime, you may want to consider a reverse mortgage. A reverse mortgage loan enables you to tap into a portion...

A reverse mortgage may be the right financial solution for you, but are you concerned about how it may impact your family? It’s important that you fully understand your obligations. The Department of Housing and Urban Development (HUD) requires applicants to complete a reverse mortgage counseling session as part of the application process. Your family members may attend the session with you. With...