Upfront Costs of Opening a Reverse Mortgage
Upfront costs for reverse mortgages come in three categories.
Eligibility Requirements for a Reverse Mortgage
The requirements to become an eligible HECM borrower are numerous. Do you qualify?
A Brief History of Reverse Mortgages in the U.S.
Reverse mortgages have a relatively short history in the United States, beginning in a bank in Maine in 1961.
How Did Reverse Mortgages Get Such a Bad Reputation?
Before discussing how reverse mortgages can fit into your retirement income plan, it is worthwhile to first consider in greater detail the bad reputation reverse mortgages have developed.
Wise Reverse Mortgages Can Be a Saving Grace for Retirees
If, after considering other housing options, you have decided to remain in an eligible home or to move into a new home, you may want to consider a Home Equity Conversion Mortgage (HECM) – more commonly known as a reverse mortgage – as a source of retirement income.
Should You Downsize in Retirement?
One method for freeing home equity for other uses is to downsize your home as a part of moving. Downsizing could mean either moving to a smaller home, or moving into a similar-sized home in a less expensive community.
Should I Stay or Should I Go? Housing Decisions in Retirement
A plan to meet housing needs is an important part of a retirement income strategy.
Coverage Options for Long-Term Care Insurance Policies, Pt. 2
It is important to consider which expenses qualify for benefits.
Hybrid Long-Term Care Insurance Policies
Attempts to combat concerns about traditional long-term care insurance have resulted in combination or hybrid products using an asset-based approach to fund long-term care.
Potential Concerns and Risks for Traditional Long-Term Care Insurance
The range of expenses covered by long-term care insurance varies, and it is important to understand what exactly is covered by a contract under consideration.
