While a Home Equity Conversion Mortgage (HECM), or reverse mortgage, can be a smart financial tool for those needing to supplement their retirement income, its possible ability to protect a well-funded nest egg is easy to overlook. As retirement approaches, even those with a solid financial plan may fear the damage an ill-timed market downturn… Continue Reading Protecting Your Retirement Plan With A Reverse Mortgage
If you’re in the market for a new home, recently rising mortgage rates have likely gotten your attention. While these interest rate increases may impact your borrowing power, they don’t have to be a reason to panic and give up on your plans. Why Are Rates Going Up? Although they may not be what you… Continue Reading No Need To Run From Rising Mortgage Rates
If you’re 62 and considering a Home Equity Conversion Mortgage (HECM), often referred to as a reverse mortgage, you may have more flexible options than you realize. Adding a HECM to your retirement strategy also means you can determine the payout plan that will best fit your situation. While all reverse mortgages rely on your… Continue Reading Choosing The HECM Payout Plan That Is Right For You
The season of vacations, pool parties, barbecues and sunblock is nearly here. But, summer months aren’t all sun and fun. The higher temperatures can run utility fees up to unsightly amounts. Take action now to make sure your summer is high on thrills and low on bills. Cool Your Home The Old-Fashioned Way Believe it… Continue Reading Four Heat-Beating Tips Every Homeowner Needs Up Their Sleeve
The negotiations and decision-making that are integral to selling a home can be stressful. While many aspects are mostly out of your hands, staging is one strategy that may help the process go more smoothly, and more quickly. Thankfully, arranging and decorating your home to appeal to potential buyers doesn’t have to break the bank.… Continue Reading Low-Cost Touches To Help Sell a Home ASAP
With their children out of the house, many empty nesters consider downsizing their expenses, starting with a smaller home. If they haven’t bought a home in a while, they will find that much has changed in the mortgage process, especially since the 2007 subprime mortgage crisis. Aligning your expectations with the reality of today’s mortgage… Continue Reading Helping Empty Nesters Navigate The New Era Of Mortgages
Retirement is one of the milestones most looked forward to in life. Work is done and free time reigns. Maybe you’ve always wanted to travel Europe, or take up sailing, or just live closer to your children and grandchildren, but money is tighter now. For many, a Home Equity Conversion Mortgage (HECM) is a great… Continue Reading Five Unexpected ways a HECM Could Improve Your Quality of Life
When we think about the future, we often imagine the benefits of retiring to spend time doing the things we like, enjoying hard-earned rewards and no longer having to worry about Monday morning meetings. What’s less fun to think about is the aspect of planning for what happens as we continue to age, and how… Continue Reading Estate Planning and HECM
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