Is Right Now the Worst Time to Retire
It has been said before and I’ll say it again: retirement is slowly becoming that far off dream that everyone hopes to achieve but few ever do. It’s important to also note that the retirement I’m talking about is the textbook definition of retirement: “relaxing comfortably and without worries, etc.” For retiring [...]
Why Age In Place With a Reverse Mortgage?
Why Age In Place With a Reverse Mortgage Loan? The first thing to consider…is whether or not you want to age in place. When you chose to age in place, you chose to live in your home, comfortably and safely, until the end of your days. This is particularly important if you [...]
“I’ll Just Live Paycheck to Paycheck and Never Worry About Saving.”
The Dangers of Not Saving for Retirement An article, published in MoneyNews, offered some shocking, but ultimately unsurprising satistics: 46% of Americans have less than $10,000 saved for retirement. (Employment Benefit Research Institute) 40% of baby boomers now plan to work until they die. (AARP) 36% of Americans say they don’t [...]
“There’s No Place Like Home” or “A Home Away from Home”?
Where Will Baby Boomers Live During Retirement It’s a question many baby boomers are probably asking themselves as they enter retirement. The possibilities are endless but so are the possibilities of enjoying your retirement with a reverse mortgage loan. In truth, reverse mortgage loans can supplement four of the five [...]
Reverse Mortgage Loan Changes May Still Need Some Clarification
While the rush for baby boomers hoping to apply for the reverse mortgage loan, before the new changes are implemented has died down, this doesn’t mean that the industry still doesn’t have some questions for FHA regarding the changes. After releasing a Mortgagee Letter on September 3, explaining the changes, the [...]
The Sky’s the Limit…
On Long Term Care Costs Nursing home care, or in-home care, is expensive and the costs continue to raise, according to an article published by Reverse Mortgage Daily, which cites the findings of a survey involving more than 16,000 care providers nationwide. While the costs of nursing homes versus in-home care [...]
