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.
How Should an Overvalued Market Affect Your Investment Plan?
Markets don’t move capriciously. They move because something new has happened – new information has arisen. The tricky part is that we don’t know what new information will arise.
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.
How Should I Spend My Money in Retirement?
The whole point of saving your money is to be able to use it in the future. You’ve spent decades saving for retirement, so you want to use the money in the most effective way possible.
How to Age in Place
Originally published at Forbes Another important consideration for housing decisions, whether you decide to stay put or move, is to make sure a foundation exists to comfortably support aging in place. This concept refers to the growing industry around helping the aging population remain in their homes despite functional or cognitive impairments. Individuals benefit from […]
The Market Is Risky These Days, but Hasn’t It Always Been?
Lately people have been focusing on how the market has become more volatile. A lot of talking heads throw this out as if it were a proven fact and use it to justify whatever their call of the day happens to be. I decided to look at the numbers and see if the doomsayers are right.
I decided to look at the numbers and see if the doomsayers are right. And while what they’re saying is technically correct (the best kind of correct), we’re simply seeing a return to long-term averages.
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.
