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
Nov 12, 2016 | Financial Planning Retirement Planning Seniors HECM Reverse Mortgage Estate Plan
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
Oct 28, 2016 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Social Security Retirement security supplemental retirement income
The statistical significance of using a HECM for Purchase to buy a new home is almost nil relative to the prominent use of a traditional HECM Reverse for refinancing. There are several reasons the HECM for Purchase is rarely used. Heavy down paymen
Oct 13, 2016 | Retirement Planning Reverse to Purchase Mortgage Seniors Reverse Mortgage HECM Reverse Mortgage HECM for Purchase
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 person
Sep 09, 2016 | supplemental retirement income Reverse Mortgage Retirement Planning Retirement security Retirement income insecurity HECM Reverse Mortgage Financial Planning Seniors
A key retirement goal should always be financial security. This is often much easier said than done. It is easy to physically retire from work but are you also mentally retired? In other words, being physically retired but mentally insec
Aug 11, 2016 | Reverse Mortgage Retirement security HECM for Purchase supplemental retirement income HECM Reverse Mortgage Seniors
The HECM for Purchase vehicle is an excellent tool but people are generally immediately turned off due to the heavy down payment. What they don’t realize is that it's more than just a home loan. It’s a terrific financial manage
Jul 21, 2016 | Reverse Mortgage Seniors HECM for Purchase HECM Reverse Mortgage