Journal of Financial Planning: During market drops, using this strategy extends retirement survival by decades
For retirees with substantial investments in the stock market, February was a scary ride. On the 5th investors held their collective breath as the Dow Jones Average free fell almost 1,600 points; marking the biggest single-day point drop in stock market history. For those living on their stock market returns, February…
You may qualify for 6% compound growth on your Reverse Mortgage Line of Credit!
You are of Reverse Mortgage (RM) age but, 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…
HERO/PACE loans can now be paid off with a reverse mortgage
The United States has bet heavily on solar power, to the tune of 39 Billion in annual solar subsidies. California has also heavily invested in solar power with over $250 million dollars spent helping homeowners to install solar panels on their rooftops, energy efficient windows and doors, heating and cooling…
HTL Reverse Mortgage: Face to face service with LOW PRICES
Your home holds a special place in your heart. It is where friends come to visit, the place where your children come and bring your grandchildren for the Holidays. It is your refuge from the chaos out in the world. Your house is probably your largest nest-egg to help you…
BREAKING NEWS: FHA pays out more money on reverse mortgages starting 1/1/2018
Since the Reverse Mortgage (RM) program inception in the 1980’s there has been a cap on the value a RM will use to qualify a borrower on the program. This year the cap is $636,150; meaning, if a home appraises for $1,000,000 the program only uses the max claim value…
Will there be a correction to the Social Security increase for 2018?
After spending a lifetime paying into the Social Security (SS) system, over 60% of retirees depend on it for at least half of their retirement income. After funding this program, we are told that through mismanagement of funds the 3 Trillion in asset reserves for funding this program will be…
Reverse Mortgages used differently by the wealthy
As noted by Steven A. Sass of Boston College Center for Retirement Research: “Retirement planning generally focuses on the use of financial assets. However, home equity is the largest store of savings for most households entering retirement.” In fact, the 2010 US Census shows that the average American 65 and…
Don’t go broke in retirement, avoid these mistakes
After all the years you’ve spent building your nest egg for retirement and the hard work you’ve put in, you’ll want to be extra careful in order to avoid spending your money too quickly. In addition, you’ll also want to watch out for tax traps and fraudulent scams that can…
Most retirees are missing 82% of net-worth in their retirement plan
Do you imagine retiring to a tropical Caribbean beach living your days with a tropical drink in your hand, but maybe your savings is more in line with living at Motel 6 and bagging groceries the rest of your retirement? As we are reminded every time we go to the…
Preparing for inevitable Bear Markets
Whether you live in Los Angeles, Pasadena, San Diego or Orange County; Some may think that Reverse Mortgages are only for mature homeowners that are struggling financially. This is no longer the case. Most Reverse Mortgages today are the Government insured HECM (Home Equity Conversion Mortgage) products. There have been…
