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Breaking: Reverse Mortgage cash payouts are the highest in years, but it won’t last.
There are 3 main factors that are used to calculate how much a borrower can pull out of her home on an FHA insured HECM (Home Equity Conversion Mortgage) Reverse Mortgage (RM). Age, Interest Rate, & home value. Age – at least one of the borrowers must be 62 by…
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Creative strategy provides growth and cash flow in both Bull and Bear markets!
For retirees with substantial investments in the stock market, February 24th and 25th was a scary ride. Monday the 24th marked the third-biggest daily point drop for the Dow Jones Industrial Average DJIA, +1.55% in its 124-year history, followed by another drop of 879 points marking it’s worst 2-day drop in history. For those…