Strategies that may increase your appraised value
The amount you can access on a reverse mortgage is directly related to your appraisal. The higher the appraised value, the more money you qualify for on this FHA program. Here are some suggestions that can pay big dividends to your appraised value and your pocketbook: Provide the appraiser a…
Buy prescription medications for less than your Medicare copays
Retirees on a fixed income understand all too well that the cost of prescription drugs has risen dramatically in the last few years; nationwide we saw 12% increases from 2015 to 2016. If you have serious allergies, you have seen the cost of your epipen rise from $200 to $600…
Cost effective, high-tech alternative to nursing homes
When a parent becomes too ill or injured to care for themselves the alternatives can be expensive, far away, or perhaps too close. AARP estimates that 23 million adults have brought a parent home to live with them. This option can be difficult as mom and child both lose some…
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…
Places you shouldn’t use a Debit Card
Have you seen the video of the Starbucks employee getting busted for stealing a patron’s credit card information and making purchases with the stolen card information? This employee did get fired, but much of this theft goes un-noticed. Experienced shoppers may like to use a debit card because you are limited to…
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…
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…
Have you planned sufficiently for retirement?
We all know the time for retirement will arrive someday and we may feel that day is so far off…until we realize that day is right around the corner. With the demands of work, marriage, kids, the surprises of life and having fun, preparing for retirement can be put on the…
