Search Results for: reverse mortgage

Yes, a Reverse Mortgage Can Be Life-Changing

It’s Christmas Day and Angela, 74, is sipping a cup of coffee in her son’s living room. A beautiful Christmas tree stands in the corner covered with ornaments and bright colorful lights. The room is filled with the warm and delicious smells…

Why a Reverse Mortgage is Part of My Retirement Plan

If you’re like many people, you may be surprised that I’ve included a reverse mortgage in my retirement plan. After all, aren’t reverse mortgages just for broke and desperate people? Aren’t they just a loan of last resort for those with no other options? 

The Ideal Reverse Mortgage Candidate, Part 2

According to The Street, the number of American homeowners over 65 with mortgage debt is up nearly 60% in the last decade. Though mortgage rates have fallen significantly in the last 10 years, home price appreciation has dramatically…

What the Ideal Reverse Mortgage Candidate Looks Like – Part 1

My grandfather, who passed away years ago, was a man I greatly admired. He was a decorated pilot who flew cargo missions over the Himalayas in World War II. He risked his life serving in the vital supply link that helped the Allies…

What Do a Reverse Mortgage and a Legendary Airplane Have in Common?

In early 1942, the United States was at war with Japan. Lt. Colonel James “Jimmy” Doolittle had been given the responsibility of planning a raid to strike back at Japan for the Pearl Harbor attack. The bombing raid wasn’t expected…

The Top 6 Misconceptions You May (Or May Not) Have Heard About Reverse Mortgages

When I was a young boy, my parents took my brother and I on a vacation. I was pretty little, so I don’t remember much about the trip. I know we traveled on an airplane, but I have no recollection of where we went, what we did…

2 Unexpected Risks of Reverse Mortgages (And How to Avoid Them!)

A reverse mortgage can prove to be tricky if we do not have a good grasp of what it is and how it works. It has been touted in advertisements…

Your 3 Top Reverse Mortgage Questions Answered

Financial independence is among the main concerns of retirees. Many of us worry about outliving our savings and seek options to maintain a steady income stream…

Financial Survival in Retirement – Annuities and Reverse Mortgages and Bonds… Oh My!

Financial options in retirement can be really overwhelming – especially if you haven’t had to deal with money before. Join us in discussion with financial expert Pam Krueger who has some great advice when it comes to reverse mortgages, annuities and taking back control of your finances. Enjoy the show! Read More

Reverse Mortgages for Seniors: Legal Robbery or Legitimate Option?

It’s not difficult to see why reverse mortgages for seniors have become so popular of late.

For starters, most of us are approaching retirement with less money in the bank than we hoped for. This is partially due to the Great Recession eating into our savings, although, if we are honest with ourselves, we probably share part of the blame for not putting more away when we could. Read More