Can a person lose their home today from a Reverse Mortgage?
The first known reverse mortgage loan was done in 1961 by Deering Savings & Loan in Portland Maine. Nellie Young was the widow of the high school football coach and it helped her stay in her home even though she lost her husband’s income. By the 1970’s several private banks…
The biggest threat to the financial security of retirees.
With more and more baby boomers reaching retirement age, there is a looming threat to your financial security that is largely unprepared for. In fact, 75-80% of retirees have no plan to even prepare for long term health costs. There are 2 main reasons only 25% of mature citizens have prepared…
