Why older homeowners should consider a reverse mortgage as the ultimate ‘forbearance’ program Many struggling older homeowners have already paid down their original loan balance significantly. Should they refinance the mortgage into a new 30-year term? Not if they want to eventually stop making payments or expect a drop
The country may be reopening but seniors may shelter in place again. How can you prepare yourself and your business Being the most vulnerable demographic older Americans are rightly concerned of such forecasts and consequently may choose to return to the relative safety of their homes. Older homeowners may
“ If the overall unemployment rate reaches 25%, we project 10.5 million older workers will lose their jobs. For those in the lower half of the earnings distribution, 6.1 million older workers (29%) are projected to be laid off”. That is the stark prediction released by The New School’s Schwartz Center for Economic Policy Analysis.
Never have so many Americans been confined to their homes. The efforts to ‘flatten the curve’ of COVID-19 hospitalizations and increased social isolation have revealed significant side effects. Boredom, hopelessness, depression, moodiness, and loneliness are some of the ailments in the age of ‘social distancing’. The phenomenon of cabin fever,
Media outlets are looking for financial stories related to the coronavirus pandemic. Here’s how you can be the ‘expert’. Your local media outlets, both print, and television, are hungry for financial stories related to the Coronavirus pandemic and chances are they don’t know who you are or the solutions