Is it possible to take out a reverse mortgage on manufactured homes? Manufactured homes have surged in popularity since 2008, and are a common housing choice for seniors. Yet, there appears to be a lot of confusion over whether these types of properties qualify for reverse mortgage help. So do they? Or does it demand…Details
Reverse mortgages are becoming integrated as a staple in long term financial plans. Used in a comprehensive plan, reverse mortgages make retirement funds last longer. Unfortunately, there is still a lot of confusion for those couples with notable age gaps. Generally, reverse mortgages take place when all borrowers are over 62. It is possible for…Details
A rising percentage of older homeowners are carrying mortgage debt as they approach and enter retirement. Among owners aged 65 and older, 40% had mortgages in 2014, according to the Joint Center for Housing Studies of Harvard University. The implications of carrying housing debt into retirement years are severe. Not only may these homeowners have…Details
Expert Jane Bryant Quinn, author of “How to Make Your Money Last: The Indispensable Retirement Guide”
TIME recently featured a segment with renowned author and personal finance columnist, Jane Bryant Quinn, where she discusses how her perspective has changed on reverse mortgages and why it can be a good option, even if you aren’t running out of retirement income.
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=BYqgm&webforms_id=4907303″ css=”on” center=”off” center_margin=”200″/]There is an excellent article from Dr. Mercola’s website on longevity inflammation. Time magazine did a cover story on inflammation being a secret killer in 2004. Inflammation is a significant component of disease, aches, pains and simply not feeling good. As you age, your hormones change subjecting your body to more…Details
New research shows that reverse mortgages are an increasingly intelligent way to augment retirement planning. What role should they play for you? New studies reveal that reverse mortgages may be far more beneficial than previously thought. Highly respected professors, economists and financial experts now believe that these tools can play an essential role for all…Details
Review your loan terms… Did you know your HELOC has a due date? Do you know when your HELOC becomes due? Did you know banks can freeze your home equity line of credit at any time? Could a reverse mortgage be the financial tool that can save you from the challenges others are dealing with?…Details
Should I Get a Reverse Mortgage or a Credit Line? What’s the difference between a home equity line of credit and reverse mortgages?
The number of financial products available to older homeowners is growing. Access to home loans, credit lines, and reverse mortgages appears to be improving. But which is the best option for you? Is it a reverse mortgage or a home equity line of credit? Rising Expenses & Uncertainty Many older homeowners are on fixed incomes.…Details
Roughly half of all baby boomers approaching retirement will need to revamp their retirement plan to fund their retirement. With a little planning many of them can make specific and doable adjustments to improve their retirement security, according to Alicia H. Munnell, Director of the Center for Retirement Research at Boston College. She writes…Details
This morning I saw this post “7 Pairs Of Shoes Every Woman Over 50 Should Own”. You can see the article here. Last night while channel flipping (yes, I was really flipping), I came across healthy fashion shoes on QVC. Finally, the fashion industry is crossing healthy and good looking. Look for a nice arch…Details