Sweden Cuts Maximum Mortgage Term to 105 Years

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In January, the HSBC said: “The pace of acceleration in the housing market [in Sweden] points to a bubble.” Sweden is now dealing with its overheated housing market by cutting mortgage availability.  Historically, there has been no time limit on mortgage duration in Sweden. The average mortgage term was 140 years. Regulators introduced these restrictions […]

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Advisers Promoting Reverse Mortgages for Retirement Planning

Reverse Mortgage for Financial Planning

According to a recent article in the Wall Street Journal, new safeguards have led many advisers to explore when and how to use reverse mortgages in financial plans. The repayment-deferred Home Equity Conversion Mortgage (HECM), FHA’s recently-revamped version of the former “reverse mortgage” is fast becoming a retiree’s best friend when endeavoring to extend cash […]

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

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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

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New Rules for Reverse Mortgages

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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 […]

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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 […]

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Putting Your Home to Work When You Retire

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You finally made it into retirement. But the living isn’t always easy for new retirees. Money may be tight due to the stormy economy, the money you do have must stretch further longer due to longer life expectancies, and health care costs are rising.  It is difficult to calculate how long your portfolio will last given […]

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