“The Iceberg of Retirement”: Dealing with Hidden Retirement Concerns
Retirement concerns for many seniors can stem from one main concern: finances. How will I afford this? Will this be enough to pay for it? How much do I need to save? And the list goes on. However, there are other concerns future retirees, especially those with a spouse should look into, [...]
“When You Teach a Homeowner to Fish…”
Learn About Reverse Mortgages We are bombarded with a lot of messages daily, courtesy of advertising, but I sometimes wonder if advertisers ever consider educating consumers first before throwing their “message” out there. Turns out there is a discrepancy between financial advertising and financial education, and the gap shows no signs [...]
Retirement FAQ: Do Married Couples See Eye-to-Eye on Retirement Plans?
Retirement FAQ: Do Married Couples See Eye-to-Eye on Retirement Plans? Retirement can be a stressful time for many people. Most of the time, it means leaving your current job, slowing down and reevaluating your priorities as new challenges and opportunities arise. For a married couple it may be even more stressful [...]
HUD Appeals Non-Borrowing Spouse Ruling
HUD Appeals Non-Borrowing Spouse Ruling The Department of Housing and Urban development is not giving up without a fight and has appealed the October court decision that found them liable for foreclosing on the homes of non-borrowing spouses whose spouse had a obtained a reverse mortgage. According to an article published by Reverse Mortgage [...]
“Right-sizing” with a Reverse Purchase
“Right-sizing” with a Reverse Purchase The new, consolidated reverse mortgage loan still has a ways to go before it can become what the FHA hoped it would when the changes were implemented. However, this doesn’t mean that the effort to educate the reverse mortgage loan industry, and the public, will be anything [...]
Reverse Mortgage Changes Have a Silver Lining
The changes to the reverse mortgage program, which were implemented on September 30, have been polarizing to say the least. On the one side, it’s could be the best thing FHA has done in order to make the program safer for future consumer while still protecting the Mutual Mortgage Insurance Program. [...]
