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Breaking: FHA eases condo rules for Reverse Mortgages

In the past condo owners were lucky if they were one of the few condo complexes that were FHA approved; only 6 ½ % of condos are actually FHA approved (housingwire.com).   I worked with an applicant in San Diego and we tried for 6 months to get her condo to…

Seniors Find Important Perks by Aging in Community

When it comes to aging in place, today’s seniors are brainstorming some brilliant solutions. “Aging in community” is an innovative variation, broadening seniors’ options and helping them to not only avoid nursing homes, but also avoid senior isolation. Read on for important information about seniors who are resolving the dilemma…

Reverse Mortgages have changed significantly over time

Most retirees understand a Reverse Mortgage (RM) can be used to access a percentage of the equity in their home, but don’t know how versatile a tool it can be.  Here are some potential uses:  A source of tax-free money (consult a tax advisor).  Protection against future drops in housing. …

You may qualify for higher Social Security (SS) payouts and not know it; facts about SS spousal benefits.

Staying at home and raising your children is a great investment in your family and our nation’s future.  There is no more important work than molding, encouraging, and loving our young ones.  Of course this dedication means one spouse may not have earned as much or any money towards Social…

Solutions for today’s biggest retirement challenges

By: Chris Clow The difficulty that the senior population has in finding an adequate amount of money to fund retirement is an issue that is only growing in scale, and the reverse mortgage industry needs to keep the unique hardships faced by seniors fully in mind when advising them on…

Create family experiences and a legacy with help from a Reverse Mortgage

You have spent a lifetime building your family and creating a safe home for your kids and grand-kids to enjoy together.  As your family has grown and gone out into the world they may have separated from you in distance or in closeness but there are things you can do…

7 Tips to spend less and have more fun on a cruise

Taking a vacation on a cruise ship is a wonderful way to relax, disconnect, recharge, and only have to pull out your wallet one time.  In fact, a cruise is a great excuse to tell everyone that you won’t have cell phone reception and can’t be bothered.  After some vacations,…

CA home prices drop for 1st time in 7 years

Corelogic, the Real Estate Data firm, released a report dated April 26th showing that year over year home prices in California dropped for the first time in 83 months.  This home price drop equates to only about $500 or 0.1% in March from last year to this year.  According to…

Condo not FHA approved? You can get a reverse mortgage now.

Condos can be a nice fit for many retirees; there is no yard to maintain, and there is usually a community pool or recreation center, sometimes the condo even sits on a golf course.  Life in a condo can be relaxing and maintenance free.  Often times those in condos think…

Get Your Hot Chocolate Fix and Smash Chronic Inflammation at the Same Time

Tis the season for crackling fires, snowball fights, and warm and delicious hot chocolate. But, how do you make yours? Do you rip open a package and pour hot water over something that claims to be hot chocolate? Do you splurge at your favorite coffee shop for a “special” hot…