Is your portfolio dwindling as the stock market is plunging right now? Perhaps a reverse mortgage is a better option. One financial advisor explains reverse mortgages as having funds that are growing on an annual basis at a time when your portfolio is shrinking. Read more on the Senior Journal Online HERE
Although recently reverse mortgages are getting some good press, this retirement income tool still retains a bad reputation with much of the public and significant portions of the financial services industry. But why are such negative connotations associated with reverse mortgages? Some of the troubles relate to misunderstandings, such as the idea that […]
Financial planners have long regarded reverse mortgages as an option of last resort for cash strapped homeowners in retirement. Reverse mortgages had a reputation as costly, complex products that could put your family at risk of losing your home. Much of that stigma has changed thanks in part to new rules and regulations to these […]
In the past, bad press has plagued reverse mortgages. It ranged from either high costs and potentially inappropriate uses for these funds to misguided ideas about the homeowner losing the title to their home. But much has changed in recent years. Since 2013, the federal government, through the Department of Housing and Urban Development, has […]
When will you retire? Often we think we will retire when we are financially able to. But surprisingly, in reality this is not the case. A recent survey by Fidelity indicated that the majority of pre-retirees don’t think about the financial impact of their retirement timing. But experts agree financial stability is crucial – […]
