The Reverse Mortgage: A Strategic Lifetime Income Planning Resource

download

Many retirees face the prospect of running out of money as they age. The reverse mortgage is a financial instrument that can brighten the financial prospects of older Americans and reduce the chances of an old age spent in financial straits. Read more from the NRMLA website HERE

Continue reading


Reverse Mortgage Pros and Cons for Homeowners

older-homeowners-standing-in-yard-front-house_573x300

According to the Center for Retirement Research, a reverse mortgage makes sense for people who don’t plan to move, can afford the cost of maintaining their home and want to access the equity in their home to supplement their income. Read more to see the pros and cons of Reverse Mortgages and if they could […]

Continue reading


NRMLA: Seniors Holding Nearly $6 Trillion in Home Equity

Senior Couple Standing in Grass Field Looking at Ghosted House

Seniors drove their share of home equity to $5.76 trillion and rocketed the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) to an all-time high in Q3 2015 of 200.19  as reported by The National Reverse Mortgage Lenders Association (NRMLA). Read more about seniors and home equity from NMP online HERE

Continue reading


Seniors May Find Reverse Mortgage a Good Option as Other Investments Decline

House-of-Cash-300px

Is your portfolio dwindling as the stock market is plunging right now? Perhaps a reverse mortgage is a better option. One financial advisor explains reverse mortgages as having funds that are growing on an annual basis at a time when your portfolio is shrinking. Read more on the Senior Journal Online HERE

Continue reading


How Did Reverse Mortgages Get Such a Bad Reputation?

Home Reverse Mortgage money concept as gold house symbol

Although recently reverse mortgages are getting some good press, this retirement income tool still retains a bad reputation with much of the public and significant portions of the financial services industry.   But why are such negative connotations associated with reverse mortgages?   Some of the troubles relate to misunderstandings, such as the idea that […]

Continue reading


New Rules for Reverse Mortgages

ryh01_2_a

Financial planners have long regarded reverse mortgages as an option of last resort for cash strapped homeowners in retirement. Reverse mortgages had a reputation as costly, complex products that could put your family at risk of losing your home. Much of that stigma has changed thanks in part to new rules and regulations to these […]

Continue reading


The Wondrous and Wacky Year Ahead in Gadgets: GreatCall Lively Wearable

WEARABLE

Every January, the tech world reveals its most ambitious works in progress at the Consumer Electronics Show (CES) in Las Vegas. One product featured this year was a wearable fitness and safety monitor for seniors called the Lively by GreatCall. Designed to help both seniors and their families, the Lively combines Fitbit-like fitness tracking with […]

Continue reading