Are the risks to reverse mortgage borrowers a result of independent choices or a result of a the loan itself?
Continue readingA Paradigm Shift in Home Equity
A Paradigm Shift in Home Equity has begun. The iconic American dream and home ownership have become so intertwined it is difficult to separate the two.
Continue readingIf it makes you happy
We live in a culture where the right to pursue happiness is guaranteed, along with life and liberty. But notice there is no guarantee that one will capture the elusive gold ring among life’s quotidian rhythms.
Continue readingGreat Expectations: Tips for Boomer Women
The Baby Boomers are the largest group to grey as a collective in history: for the next two decades, 10,000 people a day will turn 65, according to the Pew Research Center. As reverse mortgage professionals who work with this population, you may wish to take note of what’s transpiring as they move into their elder years…
Continue readingRetiring Retirement Myths: Part 1
While reverse mortgage professionals are on the “front lines” of the quantum shift in the way people we call “seniors” perceive themselves in the third millennium, it’s especially exciting to hear from elders themselves on what later life stages can look like.
Continue readingWould they rather die than talk about death?
It’s not common dinner table conversation. Even those of us who are pragmatic shy away from talking about our own death; it’s not a topic most people wish to contemplate…
Continue readingLearn, Earn & Return: “Repowerment” in the Third Age
Aging expert Ken Dychtwald discovered something crucial about his own life: he had achieved significant success, but that didn’t equate to significance. He awakened to the truth that many older adults face as they move into the Third Age: how to move from creating success to contributing greater meaning later in life.
Continue readingLiving Dangerously
Living dangerously? That’s exactly what millions of retirees are doing every day. How? By draining their existing savings account to meet living expenses or draining their nestegg to buy a home. It seems the norm for many senior Americans. Live on cash, don’t incur debt and keep your home free and clear. The issue with such thinking is that it leaves these individuals vulnerable to financial disaster.
Continue readingReverse Mortgage A Rite of Passage for Retirement?
Will Reverse Mortgages become the norm? According to one retirement expert getting a reverse mortgage may become common amongst future retirees. The shift to younger borrowers may be a result of more Americans reaching retirement only to wake up to the reality that their home is an essential and useful source of funds. The Consumer Financial Protection Bureau’s study…
Continue readingLess than $30,000?
If you ever question the future market potential of the reverse mortgage, wonder no longer. A recent New York Times Editorial titled “Our ridiculous approach to retirement” paints a sobering reality. The vast majority of Americans have saved less than…
Continue reading