When Does a Reverse Mortgage Have to Be Repaid?
When Does a Reverse Mortgage Have to Be Repaid? A reverse mortgage is a viable option for baby boomers looking to supplement their retirement income, and have enough tucked away for a rainy day or as part of a retirement planning option. If you are 62 years of age and [...]
We Are Not All the Same. Stop Comparing Us.
We Are Not All the Same. Stop Comparing Us. It’s out there and it’s pulling the wool over your eyes and making you think things that aren’t true. It’s out there and blinding you to the truth. It’s out there and it’s keeping you from enjoying our retirement fully. What [...]
“It’s Like Learning a New Language…You Learn The Bad Words First.”
“It’s Like Learning a New Language…You Learn The Bad Words First.” I was recently sitting down with a client who was considering a reverse mortgage. I was explaining to him the in’s and out’s of the program so he could determine if it was the best course of action for [...]
Should I Get a Reverse Mortgage During the Housing Recovery?
Home prices continue to rise even though they are still 33% below peak levels, reports an article in Reverse Mortgage Daily, via Clear Capital’s latest Home Data Index. In fact, national home prices gained 9.3% over the last year and 1.6% over the last quarter alone. While the West has led the [...]
Broker vs. Banker…The Difference is in the Customer Service
Broker vs. Banker…The Difference is in the Customer Service It’s the endless question, isn’t it? What, in fact, makes a broker better than a banker? Two Words: Customer Service! Why? Bankers have a adhere to a rigid, corporate schedule. There is no wiggle room when you are dealing with a banker. [...]
R.E.S.P.E.C.T. Reverse Mortgages
R.E.S.P.E.C.T. Reverse Mortgages The lack of respect for reverse mortgages continues even as many older Americans, who have used them, continue to rave about their benefits. One couple in particular, Bob and Fran Ciaccia, have taken full advantage of the reverse mortgage they took out in 2005. Using the $120,000 HECM [...]
