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- Reverse Mortgages: Monthly Checks Instead of Bills. Really? - U.S. ... May 19, 2012 (author unknown)
- Reverse mortgages provide needed cash May 18, 2012 MarketWatch
Replace monthly bills with monthly checks
This is a very cool blog post from the CNBC folks, and an unusually well researched and written article featuring reverse mortgages. Author Richard Satran describes how financial planners are increasingly seeing the value of reverse mortgages as part of an overall financial strategy to help retiring baby boomers whose cash is drying up. Read the full [...]
Many Taking Second Look at Reverse Mortgages
According to Robert Powell of Marketwatch, things are starting to go full circle. He says, “A few years ago, before the housing market crashed, experts warned Americans against counting on the equity in their home to fund their expenses in retirement. Six years later, experts are singing — even in light of a still-depressed housing [...]
Boomers’ Retirement Not a Pretty Picture
According to a recent article in the Wall Street Journal, retirement for Boomers is not a pretty sight. “The median household headed by a person aged 60 to 62 with a 401(k) account has less than one-quarter of what is needed in that account to maintain its standard of living in retirement, according to data compiled [...]
MSNBC “Consumer Man” Gets It Wrong
Michael Branson, CEO of All Reverse Mortgage Company, is really, really angry. In his opinion piece in Senior Journal, Mr. Branson dissects a recent MSNBC piece by Herb Weisbaum. Mr. Branson says he is, “Not just angry, but really, really mad due to the fact that the man who calls himself the “ConsumerMan” obviously has [...]
Home Equity Available to Seniors Declines
By Admin on April 20, 2011
The latest RiskSpan Analysis (March 2011) publishing the Reverse Mortgage Market Index (RMMI) says that the value of home equity held by seniors aged 62 and older fell to $3.4 trillion at the end of 2010. This is down from its peak of $4 trillion in 2006 in the housing boom. It would probably be [...]
Posted in News Commentary, Reverse Mortgages | Tagged baby boomers, home equity conversion mortgage, Land O'Lakes, Lutz, Pasco, retirement, reverse mortgage, reverse mortgage news, senior finances, seniors, Tampa | Leave a response