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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
Retirement Rescue
ABC news has just published a report on reverse mortgages indicating that older Americans have nothing to fear with Wells Fargo and Bank of America leaving the reverse mortgage marketplace. Even though these are two of the largest lenders, reverse mortgages continue to be available and existing reverse mortgages continue to be serviced. They also [...]
Reverse Mortgage – A Valuable Option
In todays St Pete Times we have a story from the Philadelphia Inquirer about reverse mortgages that is not nearly as misinformed as most media attempts to describe this valuable financial tool for older Americans. This item correctly describes reverse mortgages as far as it goes, but doesn’t really go far enough because it omits [...]
Proprietary Reverse Mortgage Loans Will Return
Proprietary reverse mortgage loan products used to be readily available, but these have all but disappeared with all the turmoil in the real estate markets. Declining home values is the primary culprit, so that the FHA insured home equity conversion loans are all that’s available. The private loans were especially sought for larger homes that [...]
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 [...]
10 Best and 10 Worst Places to Retire
By Admin on July 27, 2011
You may have missed it, but AARP Magazine last year published a list of the 10 worst places to retire. Here it is: “Here are the 10 worst states for retirement, with No. 1 being the lowest-ranked, according to Money-Rates.com: 10. Arkansas 9. Missouri 8. North Carolina 7. Ohio 6. Tennessee 5. Maryland 4. South [...]
Posted in Humor, News Commentary | Tagged financial planning, Land O'Lakes, Lutz, Pasco, retirement, senior finances, Trinity, Wesley Chapel | Leave a response