Blog

Aug 9, 2018

As life expectancies continue to lengthen, seniors regularly outlive their retirement savings and sometimes struggle to supplement fixed incomes. Although families care deeply for their aging relatives, the cost of supporting them financially in their later years can cause added stress to an already delicate situation. If you are like many people aged 62 or […]

Aug 2, 2018

What would peace of mind in retirement look like to you? Whether you plan to spend most of your time volunteering, working in a meaningful part-time job, or simply enjoying leisure activities to the fullest, financial security is crucial. A retirement on the horizon means answering important questions about how you’ll structure your finances to […]

Jul 19, 2018

The most recent survey by the National Council on Aging showed that 75 percent of Americans over the age of 60 intend to stay in their homes the rest of their lives. However, the reality is that many seniors will leave their homes for unforeseen financial or health reasons. Despite the challenges of aging in […]

Jul 12, 2018

On the way to dropping your child off at soccer practice, your mind wanders to your to-do list for the next day, which looks something like this: pick up your mother’s medication, help make her next doctor’s appointment, and work with your eldest daughter to fill out college and scholarship applications. That’s in addition to […]

Jun 21, 2018

A Home Equity Conversion Mortgage (a reverse mortgage sometimes referred to as HECM) is often considered an avenue for high-equity homeowners to supplement retirement income without selling the home. However, the flexibility of a HECM can also offer funding to make critical improvements or cost-saving upgrades to the home. In fact, an approach that focuses […]

Jun 14, 2018

If you or a family member is considering a Home Equity Conversion Mortgage, or HECM (also known as a reverse mortgage), you probably know that age is important; after all, FHA requires that borrowers be 62 years old to qualify. But there are other reasons age matters, especially as it relates to what’s called the […]

May 15, 2018

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 […]

Apr 26, 2018

Good health and financial security are essential to enjoying retirement. Planning ahead will go a long way to ensure both are waiting for you when the time comes. However, a reverse mortgage, or HECM, may also be a useful tool to help you achieve those goals. In addition to providing a flexible revenue stream without […]

Apr 19, 2018

Senior homeowners face many decisions as they near retirement and begin planning for the future. While a secure income stream may be awaiting some, the reality for many will be crucial conversations about meeting financial goals and maintaining a lifestyle they can enjoy. These discussions will likely begin with a fundamental question: Where will you […]

Apr 4, 2018

As you prepare for retirement, and start considering a reverse mortgage, also known as Home Equity Conversion Mortgage (HECM), there are some important things to remember. While all HECM loans require a third-party counseling session with a government-approved housing counselor, understanding the obligations and responsibilities of homeowners from the outset can help with planning and […]