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New Solutions for those that could not do a Reverse Mortgage previously
Over the years I have come across multiple clients that would like to do a Reverse Mortgage but for one reason or another they cannot. This can be quite frustrating for someone that thinks they have found a safe solution to the challenge of having a mortgage payment in retirement. There are ways…
Harvard study: Baby Boomers hardest hit by Great Recession. Solutions for improving retirement picture.
As we have recently blogged about, baby boomers are limping towards retirement with significant debt; much more so than their parents. Not all of it is their fault. During the Great Recession, on average, those 50 to 64 years old lost 32% of their net wealth. During this same period,…
Redfin Market report: Sellers dropping prices. Now a buyers market.
According to Redfin’s July 2014 Housing Tracker report more and more sellers will drop their prices this fall to attract buyers. Redfin agent Adam Welling tells Redfin. “When a buyer sees a price drop, she takes it as ‘blood in the water’ and wonders what’s wrong with the house (or the…
Biggest Fee on RM can now be cut by 80%
Probably the biggest concern people have over doing a Reverse Mortgage are the high initial costs. This is a valid concern, but there are protections that a RM offers that a standard loan does not. Let me explain, the biggest cost to do a RM is the IMIP or Initial…
NEW Reverse Mortgage for High Value Homes
The Reverse Mortgage market has mostly had the standard HECM Reverse Mortgage option for the last 4 years. This has created a void for homeowners with homes between $625,000 and $2 Million. Until now. Urban Financial has recently created a flexible Jumbo product for this group. The Max payout on the HECM loan is just…
Recent Posts
- Breaking: FED to cut rates by 50 basis points
- Underutilized Strategy of Retirement Planning: Potentially Prolonging 401k & IRA returns
- Massive uptick in Credit Card delinquency rates hits seniors the hardest
- Leveraging Reverse Mortgages to Strengthen Retirement Planning
- Simple ways to block spam phone calls
- What happens to your debt when you die?
- Navigating your finances after losing a spouse
- Use a Reverse Mortgage strategically for deductions when needed and grow the Line of Credit simultaneously ; Excerpts from “The Street” website (see link below)
- Breaking: FHA Reverse Mortgage loan limit increasing to over a million dollars in 2023
- Sure-fire way to improve your mood and stress level
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