Reasons Why You Shouldn’t Get a Reverse Mortgage…Part 1 of 2
I’ve heard them all. The point of these posts, however, is to tackle them head-on and demonstrate how they’re either false, or reveal an in-complete truth. Reverse Mortgage are too expensive. […]
Who Will Benefit from the New Reverse Mortgage Changes?
Reverse mortgages are a viable option for seniors looking to tap into their home equity to, either get rid of outstanding debt before retirement, or save up for the proverbial “rainy day.” The housing crisis, and subsequent Recession of 2007-2009, however, put a damper on those plans. While the reverse mortgage [...]
Reverse Mortgages Can Help Seniors During Divorce
“…the increased occurrence of “gray divorce” […] has been identified as a significant 21st century divorce trend…even though the overall divorce rate is actually declining, it’s on the rise among older generations,” begins an article in Forbes magazine. In truth, the rise of gray divorce presents its own set of problems for both women [...]
FHA Urges Lenders to NOT Charge Late Fees Due to Shutdown
FHA Urges Lenders to NOT Charge Late Fees Due to Shutdown In addition to their contingency plan, HUD is making strides in order to ensure that borrowers continue to be well insulated during the shutdown. Strictly speaking, borrowers who are going through financial hardships, as a result of the shutdown, and are unable [...]
Can Retirement Kill You?
This isn’t the first time I’ve read an article that said more or less the same thing. An article, published by BBC, “Can Retirement Kill You?” tackles the question with unflinching honesty, using Dr. Harry Prosen, who stepped down as the Head of Psychiatry at the Medical College of Wisconsin in [...]
Are You an Ostrich?
Are You an Ostrich? According to Reverse Focus, someone suffering from Ostrich Syndrome is: “sticking their head in the sand and hoping they’ll never have to face their issues or deal with them when the time comes.” I see it plenty in the Reverse Mortgage industry. Retirees who didn’t plan for their [...]
