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
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
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 t
The constructive nature of the use of a reverse mortgage is the key take away from this article. The government has changed the program to protect retirees not only from getting in trouble with the program but also from themselves. Big brother
A Reverse Mortgage provides a unique advantage to retirees with home equity seeking supplementary income. In addition to additional income it also provides the opportunity to pay off existing mortgages and home equity lines to free up additional mon
Qualifications for HECM Reverse Mortgages have gotten tougher since early 2015. FHA’s addition of financial assessments has shifted the main emphasis from age and property value to residual income, credit and debts. The issue is less abo