Latest News

30
Sep

They always seem so relaxed, eh? Whatever the situation, whatever they need, no worries. It’ll be great. This seems a stark contrast to their American counterparts who seem to worry about everything. We worry we don’t have enough. We worry we have too much. We worry about our kids. We worry about everything. We’re worry-worts….

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22
Jan

According to the Joint Center for Housing Studies of Harvard University’s new press release Housing America’s Older Adults–Meeting the Needs of an Aging Population housing that is “affordable, physically accessible, well-located, and coordinated with supports and services” is  in short supply to meet the demands of an expected 132 million Americans over age 50 by…

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11
Aug

If you’re preparing to embark on a transaction as important as a reverse mortgage, it’s essential to arm yourself with as much information as possible—even before you consult with an expert. Unfortunately, in this age of information, sometimes Googling to find reverse mortgage information can end up giving you erroneous information. Since we want you…

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28
Jul

If you’re considering using a reverse mortgage to retire on, there are many important facts you should know. When you take out a reverse mortgage, you may either receive either a lump sum or monthly payout that isn’t repaid until you pass away, permanently move into a nursing home or sell your home. This tax-free…

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15
Jul

When it comes to the reverse mortgage industry, one of the most well-developed products is the reverse mortgage. Its evolution over the past 40 years has made it a safe financial tool that has experienced rapid growth over the last decade. Since its inception in 1961, the expansion of associated products, tools such as the…

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9
Jul

If you’re 62 or over and are interested in finding reverse mortgage benefits, you’ve come to the perfect place. A reverse mortgage is the perfect way for seniors who own their homes or have low balances left on their mortgage to convert their equity into money to live on. If you’re wondering what some of…

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20
Feb

For Your Immediate Attention:  If you have a reverse mortgage, are a low to moderate income borrower who has gotten behind on property tax or insurance payments please read this.  The LA Times has just published a story that the “Keep Your Home California” programs have just begun a pilot program to help bring your…

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17
Dec

This past month has been a busy one for me.  I’ve talked to many more people who had taken a home equity line of credit and were facing the inevitable reset on their loans within the next few months.  The resets aren’t pretty, invariably hitting the borrower smack between the eyes with payment shock.  With…

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17
Oct

An Associated Press report from ABC News  says that 68% of Americans ages 50-64 indicates that they were “very” to “moderately” worried about having enough money in retirement.  That’s not surprising.  Miracle drugs are helping us live much longer these days.  Even those people who’ve saved substantial retirement funds may be having some doubts as…

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