Younger borrowers are taking longer mortgages- then comes a reverse? When debt is king and aging populations are exploding across developed countries, more are finding themselves with a mortgage throughout their adult years. Lifelong mortgages may soon become the rule rather than the exception. Overall baby boomers are not
Common explanations that may create confusion A wise person once said, “Words are free. It’s how you use them that may cost you.”At some point in our careers, most of us have been guilty misusing keywords when describing the features and benefits of the federally-insured reverse mortgage. I most
Despite challenges many reluctant to tap equity in retirement Older American homeowners find themselves beset by a variety of retirement landmines- exploding medical costs, uncertain markets and income security. Despite these challenges, retirees remain conflicted about tapping their home equity. Mortgage and financial professionals are well aware that the
[vimeo id=”162909475″ width=”625″ height=”352″] Baby Boomer’s Wealth is in Their Home The new expanded definition of a fiduciary for financial advisers could expand the required discussion of assets to be considered in a comprehensive retirement strategy. Good news considering the fact that the baby boomer generation is largely unprepared for
Is a reverse mortgage in fact the last safe haven for future retirees? If so why are we not seeing record production? A look at the current state of soon to be retirees, home values and more.
Meeting Seniors Financial Challenges Many people look forward to retirement as a time of leisure, when they can finally relax and do what they wish: take a trip, play golf, or embrace a lifelong passion such as music or art. But if they’re hurting for money, none of these dreams