Some pensions do not include cost of living adjustments, financially crunching the seniors who rely on them While fewer American retirees and seniors preparing to enter retirement have access to pension plans from their employers, those who do have such plans are absorbing an economic shock...
Home price appreciation levels suggest a time for another look, according to an admitted product critic The rapid levels of home price appreciation (HPA) observed over the past several years likely means that those at or near retirement may want to take another look at reverse...
Not only are aging and the financial options available to seniors becoming more complicated, but bad actors aiming to take advantage of seniors are becoming more sophisticated While there has been an ongoing debate about how much education in financial matters should be bolstered for younger...
In some scenarios, the answer is yes If your spouse took out a reverse mortgage and you aren’t on the loan—or if you know someone in this situation—you need to understand what rights you have and what rights you lack. Reverse mortgage laws for non-borrowing...
What Was the Reverse Mortgage Saver Program? The reverse mortgage saver program was an initiative that was introduced in 2010 by the U.S. Department of Housing and Urban Development (HUD) to offer an alternative to the standard home equity conversion mortgage (HECM), which is a reverse...
Progress made by the reverse mortgage industry and the Federal Housing Administration (FHA) in serving borrowers impacted by economic woes stemming from the COVID-19 coronavirus pandemic and inflation has been visible, but there is always more that could be done. This was a perspective shared...
Endorsements of Home Equity Conversion Mortgages in March jumped to their highest level since March 2011, as seniors took advantage of increasing equity. Endorsement volume jumped 26.3% month over month to 6,510 endorsements from 5,153 in February, according to the report from Reverse Market Insight. Numbers...
“Seniors now see their home equity as a financial tool that can help secure a comfortable Lifestyle” As retirement becomes more challenging for many Americans, seniors are starting to use alternative methods such as home equity to fund their later years, according to reverse mortgage lender...
US inflation is officially up to its highest level in four decades, and the rising cost of living and other financial pressures have left seniors worried about their future. I understand how inflation affects seniors and their retirement; reverse mortgage lender American Advisors Group (AAG) surveyed...
When it comes to selling a home secured by a Home Equity Conversion Mortgage, open lines of communication between reverse mortgage servicers and Realtors are key to a successful transaction, according to several HECM and real estate industry professionals. Source: What Realtors Should Know When Selling...
