Mortgage Blog

Reverse Mortgages Can Be A Retiree's Saving Grace - Forbes article

Nice article in Forbes providing specific applications for Reverse Mortgages.  HECM Reverse Mortgages are clearly an area that the public and the advisor community will need to pay more attention to if we are to collectively achieve retirement goals in the current climate.  I like the #4 suggested Reverse Mortgage application the best, given it is the most practical, most common scenario, and most effective means of establishing financial balance for my clients.  “#4 Reduce Retirement Expenses and Cash Outflow. “  Retirees and seniors need to focus on cash flow ...

October 8th, 2015 | supplemental retirement income, Retirement Planning, HECM Reverse Mortgage, Reverse Mortgage, Financial Planning, Retirement income insecurity, Reverse Mortgages Can Be A Retiree's Saving Grace - Forbes article

Do you want to be a Happier Sandwich? How Pertinent Planning can help the Sandwich Generation.

The Sandwich Generation is defined as parents who have to take care of their kids and their aging parent(s) at the same time.  According to the Pew Research Center, just over 1 of every 8 Americans aged 40 to 60 is both raising a child and caring for a parent, in addition to between 7 to 10 million adults caring for their aging parents from a long distance. The key element that will enable the Sandwich Generation to manage the responsibilities really comes down to involvement and planning.  As a parent, my two kids are lovely but relentlessly demanding at every stage it seems.&nbs...

September 12th, 2015 | Home Care, Retirement Planning, HECM Reverse Mortgage, Reverse Mortgage, Sandwich Generation, Financial Planning, Do you want to be a Happier Sandwich? How Pertinent Planning can help the Sandwich Generation.

Planning Options for Leveraging the Most Out of Social Security with a Reverse Mortgage

For most retirees, how to get the most out of Social Security is not common knowledge.  Often they retire and the next step, based on need or assumption, is to sign up for Social Security benefits.  The benefit system is complex with many variables.  Avoiding common mistakes is often a simple recipe for winning the end game.A lot of people attempt to follow advice based on break-even calculations.  If you start early versus later and you live to a certain age you are better off.  Personally, I think this is nonsense.  We don’t know how long we are going to l...

August 11th, 2015 | Retirement Planning, HECM Reverse Mortgage, Reverse Mortgage, Social Security, Planning Options for Leveraging the Most Out of Social Security with a Reverse Mortgage

New Ways to Pay for Long-Term Healthcare

Good Article on MarketWatch, titled "New Ways to Pay for Long-Term Healthcare".  I can't get comfortable with long term care insurance. I have met many long-term care specialists that sell this product and they all will tell you that you have to have it. My understanding is that you sign up today and if the group of participants for the product you signed up for submits claims over what is expected by the insurer then the premiums go up. You have the alternative to keep the premiums low by increasing deductibles etc. To me this guts the insurance. This is an illustratio...

July 16th, 2015 | Long Term Care, Reverse Mortgage, Home Care, HECM Reverse Mortgage, Retirement Planning, Seniors, New Ways to Pay for Long-Term Healthcare

Helping Retirees and Seniors with a Critical Financial Planning Element

Monthly cash flow seems to be the order of the day.  As we age, many of us find ourselves in a constant battle trying to manage funds in from income and funds out for living expenses and care. Reverse Mortgages go a long way toward addressing this issue and helping to establish financial balance but you still need a comprehensive plan.  Many people are too quick to focus on money in and neglect to fine tune their focus on money out.  This is a critical area that needs focus especially in the current low interest rate environment where seniors make next to nothing on their saving...

July 8th, 2015 | HECM Reverse Mortgage, supplemental retirement income, Retirement Planning, Home Care, Reverse Mortgage, Helping Retirees and Seniors with a Critical Financial Planning Element

How a Reverse Mortgage Can Help with In-Home Care

A Reverse Mortgage can provide easy access to home equity that has been built up over time.  In turn, these funds can be used for in home care and enable the homeowner to stay in their home.  There are some qualifications for eligibility but the loan is a non-recourse loan insured by the government through the FHA program and specially designed for seniors. Home equity access is available through lump sums, term payments and tenured annuity like payments to supplement income, credit lines, or a combination of these options.  The most popular is a lump sum up front to pay off ...

June 26th, 2015 | Home Care, HECM Reverse Mortgage, Reverse Mortgage, Long Term Care, How a Reverse Mortgage Can Help with In-Home Care

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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. 

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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.