Blog

Jul 5 2017

Discover the Home Equity Conversion Mortgage (HECM), a remarkable tool that can provide seniors increased financial stability. This infographic breaks down: How seniors 62-and-up can strategically use the $6.2 trillion of equity stored in their homes Reasons why you or a family member might consider using a HECM The HECM’s wide range of payout methods […]

Jun 19 2017

Reverse mortgages continue to receive positive publicity in the news media, this time from USA Today. In a recent article, titled “Want financial security? Home equity and retirement accounts are key,” reverse mortgages are described as being a critical part of retirement planning. Wade Pfau, professor of retirement income at The American College of Financial […]

May 2 2017

If you’re planning your retirement or are already retired, the state you live in matters. Because individual states have different tax laws, varying affordability levels, and a range of  benefits (and drawbacks) for retirees — where you retire will have a dramatic impact on your life. Wallethub recently ranked the top five states to retire […]

Apr 13 2017

If you or a family member are considering a reverse mortgage, it’s important to research them beforehand. Websites such as the Federal Trade Commission provide excellent and credible information on reverse mortgages, and are a great place to start your research. This blog has also provided information on specific situations where a reverse mortgage could […]

Mar 21 2017

Are you retired and thinking about moving to a new location? This is common, as 64% of retirees expect to move at least once during retirement. Whether you want to relocate to a warmer state or move across your city to be near your grandchildren, there’s a home loan that could help make this happen: […]

Jan 24 2017

A recent study estimates that as many as 33% of Americans have $0 saved away for retirement, and over half have “less than $10,000.” Fewer employers offer any form of retirement package, and given the financial demands of the modern household, it’s no wonder that so few workers are able to save for the future. […]

Dec 5 2016

Are you thinking about retirement? Or do you have retired family members? If either answer is yes, then affordable housing and a low cost-of-living are important issues. GoBankingRates.com recently analyzed cost-of-living indexes and consumer expenditure data to rank America’s cheapest cities to retire. Here are the five most affordable cities, in descending order: 5. Mobile, […]

Oct 4 2016

Seniors are living longer than ever, a trend that’s expected to continue in decades ahead. In fact, a recent report from the National Center for Health Statistics found that a 65-year-old American can expect to live to the age of 84.3—or for 19 years past the age of retirement Because seniors are living longer, they […]

Jan 14 2016

With mortgage rates averaging less than 5% for the past five years—and 2015 set to become year No. 6 in that trend—there’s never been a better time to carry a mortgage into retirement, right? Not so fast. While it’s an appealing idea to hold onto a predictable monthly mortgage payment and plow into retirement savings […]