U.S. Department of Housing and Urban Development (HUD) announced Tuesday, August. 29, it will raise up-front fees and tighten limits for the HECM Reverse Mortgage program to avoid having to dip into the U.S. Treasury to cover troubled borrowers. These mea
Sep 06, 2017 | Reverse Mortgage HECM Reverse Mortgage HUD Seniors Eligibility for Reverse Mortgage
The words retired, fixed income, and divorce don’t always go that well together. Many retirees live primarily on Social Security and a small amount of investment income. A divorce, no matter how amicable, will often require the division of pro
Aug 10, 2017 | Reverse Mortgage HECM Reverse Mortgage Seniors Retirement security Gray Divorce
The most prevalent type of care that most of us will face for ourselves and our families will most likely be related to various forms of in-home care. This has become the most preferred and cost efficient means of care, ranging from basic companions
Jul 10, 2017 | HECM Reverse Mortgage Home Care Long Term Care Senior Care
I completely agree with the authors opinion on long term care policies. After doing significant research for myself I determined that the monthly and up front lump sum long term care policies were not for me. There are simply too many variables out
Jun 15, 2017 | Reverse Mortgage HECM Reverse Mortgage Long Term Care growth factor
Is mortgage debt eliminated when you get a Reverse Mortgage? Some would venture to say the debt is eliminated, however, this is misleading and causes significant confusion and lack of understanding with the program. This concept appears too good to
Jun 07, 2017 | Traditional Mortgage HECM Reverse Mortgage mortgage debt
As we get older we often take things for granted. We all collectively feel that we have it covered and that we can still handle just about anything that is thrown at us. However, this is not always the case and not reaching out for help in cer
May 05, 2017 | Home Care Seniors Age in Place Senior Advocate