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Think a reverse mortgage isn’t for you? I dare you to read this article and not change your mind.

You are of Reverse Mortgage (RM) age and you don’t need the money.  You should get a RM anyway.  There is a powerful tool in a RM called a Line of Credit Growth Rate.  On the HECM(Home Equity Conversion Mortgage) Annual program with an initial rate of 4.35% (plus monthly…

Having trouble focusing? UCSF Neurology study shows a surprising source can help

Since the 1980’s parents have been telling their kids to stop playing video games on the threat that it will rot their brains.  New research may prove this premise to be completely false.  While too much gaming can decrease attention spans, a study from the University of San Francisco shows…

Journal of Financial Planning research shows RM LOC can improve returns in stock market

Many people think that a reverse mortgage is a program for those running out of options, or those that did not sufficiently plan for retirement.  This idea is false, as the program is a great tool for those that take the time to learn how to use it.  A recent…

Why you should get a Reverse Mortgage LOC at 62, Especially if you don’t need any money now!

It has been said that compound growth is the most powerful force in the universe.  Case in point, if a 16 year old today puts $2,000 away in a ROTH IRA until age 21 and lets it earn 9.4% interest annually (average stock market gain since 1926) this person would retire…

The Fastest growing Financial Planner accreditation ever

The American College of Financial services, which is the largest education provider for financial services, has been training financial planners to become more knowledgeable in their industry for over 88 years.  “Our heart and soul is the financial services industry, and servicing and educating professionals and advisors in the industry,” says…

Reducing housing costs in retirement

You love your home, you raised your kids there and have so many wonderful memories and close friends nearby.  But, you many find that your housing costs seem to rise every year.  Twenty years ago most retirees went into retirement with their homes completely paid off.  Today is quite a different…

Consider upgrading to a smaller home or apartment

When looking forward to retirement you may realize that you no longer need the large house your raised your children in.  It has been a home and a great investment.  Looking forward you may realize it would be better to have a single story home, that you no longer need…

Dramatically increase your Social Security Check

Recent reports in the media have scared some people into feeling like they may never be able to retire.  Previous generations saw many retire at age 50 because they had a nice pension and would receive social security payouts as well.  Unfortunately today, so many have not properly prepared for…

Reverse Mortgage Financial Assessment brings changes April 27th 2015

With the Financial Assessment date almost upon us, HUD has issued clarification on how this will affect those that don’t complete their counseling before April 27th 2015.  In an effort to further protect those with reverse mortgages the financial assessment will use two methods to ensure that borrowers will be…

As Credit/Income Challenged Reverse Mortgage Applicants Rush To Beat FA deadline, It Is Extended

Potential Reverse Mortgage (RM) borrowers have been hurrying to qualify for a RM before the Financial Assessment (FA) takes effect March 2nd, 2015.  So many have been trying to get the required FHA counseling sessions that they are currently on a backlog of a week or longer just to get an…