“It’s ironic that the biggest source of wealth is locked up in bricks & mortar…” While more financial professionals are embracing the HECM, ironically our cousins across the pond seem to better grasp the concept of home equity management and its role in funding retirement. Is today’s choice of retirement
[vimeo id=”163869307″ width=”625″ height=”352″] The Cost of Waiting & Hedging Against Falling Home Values Perhaps it is laughable to some to even consider hedging against falling home values. After all homes across the nation have appreciated nearly to their pre-housing crash levels. How quickly many homeowners forget the harsh lesson
The Wall Street Journal recently reported that more homeowners are once again tapping into their home equity. As home values recover and interest rates remain artificially low many are beginning to take out HELOCs or Home Equity Lines of Credit to fund home renovations, pay off higher interest rate debts
Yes, elder power is hot these days: as the Boomers gray, marketers of every stripe view this rising tide as a business bonanza. And while senior buying power may be hot, if seniors themselves are feeling the heat, they could be in trouble.