As we speak to more and more seniors close to retiring we are noticing that many are very insecure about retirement. The major reason is uncertainty with the economy, poor savings habits, and financial markets. Poor Savings Habits Hurt You in the Long Run The typical working household close to retirement age had only 111k… Read more »
Reverse Mortgage Cooling Off Bill: What to Know We just recently found out that the beautiful state of California has passed a new legislation pertaining to the Reverse Mortgage program. As I read the bill I ask myself is this a good thing or is this just another step that prolongs the already long process… Read more »
Love them or hate them reverse mortgages are here to stay. We typically see reverse mortgage commercials on tv portrayed by some type of tv personality or celebrity, so it’s no surprise when people are a bit skeptical. Reverse Mortgages – Scam or Real? To help us understand if reverse mortgages are a scam we… Read more »
I can understand that a lot of people were hesitant if their spouse was under 62 to apply for a Reverse Mortgage. Many people feared the fact if they pass away what will happen to their spouse. Many questions arise such as: Will my spouse be kicked out of our home when I pass away?… Read more »
Unfortunately, there are many misconceptions and myths out there about Reverse Mortgages. It seems like uneducated individuals are spreading around the wrong facts about reverse mortgages. Remember not to listen to anyone and do you own research before making a conscientious decision about a reverse mortgage. Reverse Mortgage Myths There are a few myths that… Read more »
If you have ever thought about retiring, I’m assuming you would want to retire mortgage free. The truth of the matter is that a mortgage, taxes, home owners insurance and any home repair costs bring a financial burden to your income. Retiring mortgage free gives you the flexibility to spend your income on more favorable… Read more »