More senior citizens are finding out that their lifetime’s worth of saving simply is not enough to fund their retirements. With people living longer, it is a real possibility that…
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The traditional Sun Belt retirement communities may be a thing of the past as more seniors are looking for housing that caters to an active lifestyle and is located near…
Reverse mortgage rules may prove too complex for some homeowners even with the required counseling needed prior to loan closing, according to a Tampa Bay Times article. The article describes…
Though first quarter reverse mortgage endorsements have largely declined nationally compared to year-ago, many cities are experiencing growth with dollar volumes by the millions—most notably in California, according to the latest…
Reverse mortgages, what were once considered options of last resort, are now poised to become a mainstream financial strategy for older adults looking to shore up their retirements, reports CNN Money in…
Last year’s program overhaul and newer research are helping reverse mortgages overcome stigmas of the past and become widely viewed as effective financial tools when planning for longevity, Bloomberg reports….
Finance experts weigh in on seven important reverse mortgage questions potential applicants should ask themselves when weighing that option in a recent The Street article. Topics covered in their answers…
The Federal Housing Administration (FHA) announced today a new pilot program that will allow the average homebuyer to qualify for savings of about $325 a year – or almost $9,800…
Growing need for reverse mortgages may be tempered by new rules limiting the loan’s use, reports the Columbus Dispatch, but the loan fits an important niche for an aging population…
Although reverse mortgages tout the ability to age in place while also having access to some extra cash during retirement, for seniors looking to access their home equity U.S. News suggests…