Property Tax Increase for Davie, FL….
What Does It Mean for Reverse Mortgages? The town staff of Davie, FL has approved a property tax increase for 2014, following the approval of an $182.7 million budget (a $31.5 decrease from last year’s budget). In order to balance the 2014 budget, a slight tax increase is necessary to in order [...]
The Less You DRIVE…The Less You DO
I’m always driving. Even if I wasn’t a reverse mortgage broker, I’d still be driving because I live in Miami. Could I survive without driving? Probably. Do I want to? Not really. I dread not having the ability to go somewhere when I want to. It’s frustrating, infuriating and inconvenient. Not to [...]
It’s Time to Tighten the Belt…
On Reverse Mortgage Consumer Guidelines Even as potential changes to the reverse mortgage program push forward, the Federal Housing Administration plans to continue to offer all its current reverse mortgage programs to future consumers. Current products consist of the Reverse Mortgage Standard and Saver programs, after the Fixed-Rate Standard Reverse Mortgage was eliminated starting July 1 [...]
The Wild, Wild West of Retirement Planning
WSJ says: “Using your nest to help with your nest egg…” What used to be viewed as the “Wild Wild West” of retirement planning (reverse mortgages) has become a more cost-effective option for senior homeowners looking to supplement a comfortable retirement and take advantage of the equity their home has acquired throughout their lifetime. [...]
The Benefits of the HECM Saver
The Benefits of the HECM Saver Reverse Mortgages are a possible tool for senior who wish to live comfortably during retirement. Unless it has been used as a last resort, however, senior homeowners have been largely skeptical of the reverse mortgage, choosing to exclude it in their retirement plans because [...]
A Potential Solution to Reverse Dollar Cost Averaging…
…Is a “Standby” Reverse Mortgage Investing in anything (stocks, bonds, real estate) has its peaks and valleys. One strategy used to save up for retirement during your accumulation, or working, years is dollar cost averaging. Dollar cost averaging means you invest a set amount of money into the same investment portfolio for [...]
