HECM Reverse Mortgage fees have dropped
The Home Equity Conversion Mortgage (HECM Reverse Mortgage) program was signed into law by President Reagan in February 1988. Prior to this date, this was a bank run program and they had the power to foreclose on homeowners if they ran out of equity. Unfortunately, some seniors ended up homeless…
Best Savings On Prescription Drugs
As outpatient prescription drugs are not covered by Medicare, those costs can be a severe drain on income in retirement. Some estimates have seniors spending about 3.1% of their annual income, just to cover medications. Erin Fox, who directs the Drug Information Center at the University of Utah explains: “The…
