Mortgage Blog

Estate Plan Key Component - Protecting the Family from Money

When we die it is often said that we need an estate plan that encompasses a will or a trust.  There are also other documents like medical directives and power of attorney.  The establishment of a proper plan is important but, in my opinion, a critical component that can easily be overlooked is protecting the family from money and themselves.Money, whether it’s from an estate or a life insurance death benefit can have catastrophic consequences on the family if the plan is not adequate with clear intent and leadership. A plan should clearly define the intent and the wishes of the...

November 12th, 2016 | Financial Planning, Retirement Planning, Seniors, HECM Reverse Mortgage, Estate Plan, Estate Plan Key Component - Protecting the Family from Money

The Paradox of Aging - Four Bucket Strategy

There is a lot of talk about aging, longevity, and the fear of running out of money.  There are people at every corner that will advise you to save more money and to prepare for illness, care needs, and ultimately unexpected longevity.  I personally don’t buy into saving an additional couple percent of your income, hiring the better advisor, or coming up with the ultimate annuity as the end all be all solution.   While these items may incrementally have significance over time as part of an overall plan, we should not lose sight of basic planning and wise decisions tha...

September 9th, 2016 | supplemental retirement income, Reverse Mortgage, Retirement Planning, Retirement security, Retirement income insecurity, HECM Reverse Mortgage, Financial Planning, Seniors, The Paradox of Aging - Four Bucket Strategy

Strapped retirees are turning to reverse mortgages - Anna Robaton, special to CNBC.com

Good article that touches on the benefits, the protections, and the risks associated with a HECM Reverse Mortgage. With the first line of baby boomers recently turning seventy and faced with securing their retirement, this will become a go to program for the masses. It is clearly time to learn about a Reverse Mortgage.     Don't just take it from me.  Read the CNBC Article yourself at http://www.cnbc.com/2016/06/27/strapped-retirees-are-turning-to-reverse-mortgages.html Click here for more information on the practical uses of a Reverse Mortgage or ...

June 29th, 2016 | Reverse Mortgage, Seniors, Retirement Planning, Retirement security, Financial Planning, HECM Reverse Mortgage, Strapped retirees are turning to reverse mortgages - Anna Robaton, special to CNBC.com

9 surprising ways to use a Reverse Mortgage

I've talked about all of these uses of Reverse Mortgages over time in my blog....from the obvious paying off mortgages to delaying social security,  or buying a new home with a reverse mortgage, . Only one I haven't been exposed to is the "Gray Divorce Strategy'. Good article from Investment News.  See our Practical Applications page for the many uses of a Reverse Mortgage. George H. Omilan President-CEO - NMLS# 873983 Jefferson Mortgage Group LLC Helping seniors with Reverse Mortgages in Virginia, Maryland, DC and Pennsylvania.Questions/C...

June 24th, 2016 | supplemental retirement income, Social Security, Retirement Planning, Reverse to Purchase Mortgage, HECM Reverse Mortgage, Long Term Care, Financial Planning, HECM for Purchase, 9 surprising ways to use a Reverse Mortgage

Retirement, the Big Picture

Retirement is supposed to be a time for mental expansion and relaxation after a productive career, not a stressful experience or a grand lesson in frugality.  The path you or your family members take will be based, in most cases, on planning.  The cost in time, effort, and money of even a basic plan far outweighs the cost of having no plan. Planning is actually elementary.  It really comes down to living within our means and nothing more. The problem arises from the standard of living that we have set for ourselves when we are still working.  Once we retire and s...

June 6th, 2016 | supplemental retirement income, Seniors, Reverse Mortgage, Retirement Planning, HECM Reverse Mortgage, Financial Planning, Retirement, the Big Picture

Should You Take a Reverse Mortgage Now, or Would It Be Better to Wait?

Good Huffington Post article that brings up a very important point which I have stressed in previous blogs.  In answer to the title's question, no you shouldn't wait. When a retiree really doesn’t have a comprehensive plan, waiting to take action with a reverse mortgage can be detrimental. With the addition of the new financial assessments last April, the program is no longer geared toward crisis management and eligibility requirements are more stringent. The focus has been changed dramatically to benefit the planners. I have so many clients in the seventies that are in fine...

April 14th, 2016 | Reverse Mortgage, Retirement Planning, Eligibility for Reverse Mortgage, Financial Planning, HECM Reverse Mortgage, Retirement security, supplemental retirement income, Should You Take a Reverse Mortgage Now, or Would It Be Better to Wait?

Pages: 1 2 3 4 Next >

Subscribe to Our Newsletter

Fields marked * are required
Email *
 

 

Facebook

 

Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
703-319-2198
FAX: 703-773-6946
info@jeffersonmortgage.com
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 

Testimonials

Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.