Many retirees and seniors have forward mortgages and traditional home equity lines. All forward mortgage instruments require monthly payments. As we know, if you do not pay your monthly payments after a short period of time the lenders will in
Terrific article that puts the terminology surrounding reverse mortgages in better context and explains it so normal people can understand. As the article denotes, with a Reverse Mortgage, foreclosure is not necessarily a bad thing. Foreclosure is n
As we enter the New Year, planning is on the minds of most people, especially those that are retired or considering retirement. A popular decision that often yields a big payoff is the downsizing your home for retirement. There comes a point w
Funding care is an important topic. A great way to address the care related issues of aging while allowing seniors to maintain their privacy and independence is to consider the addition of a Reverse Mortgage. Paying off forward mortgages, home
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 cr
Nice article on some of the basics of a Reverse Mortgage. I would like to add that one of the key components of any strategy involving a Reverse Mortgage is balancing and keeping debt in control. Debt, such as mortgage payments and credit card