Why seniors are quickly turning to reverse mortgages since COVID
Lost jobs, furloughs & businesses closing have dominated the news when it comes to COVID. Retirement accounts & investment portfolios have also been hit hard, leaving many seniors wondering what they can do to survive the crisis. Most financial advisors agree that taking money out of retirement accounts during a down market is not the
“It was the best of times, it was the worst of times…” Charles Dickens: A Tale of Two Cities Right now is an interesting time to be in the service of our nation’s senior citizens. Seniors have more liquidity than ever. But they also face higher pressure and greater threats on the financial front. That’s
Realtors & Financial Professionals - We Should Know Better!
Sometimes we learn about a subject matter that changes our perspective or idea of how a product works. Take an experienced real estate agent for instance. Most have heard about Reverse Mortgages but not the full reverse mortgage product line. The same holds true for financial advisors & certain money strategies. The “Ah ha” moment
Americans seem to have this idealistic view of debt.  Debt is OK when you need it. But when it’s time to retire, you should be debt-free for the most part, right? Not so fast. We recently documented how an increasing number of seniors & people approaching retirement age have to make smart decisions about their
Don’t be fooled. Older American’s are struggling with money. A recent study published by Property Shark revealed some startling insights into the health of senior finances. It also offered some concrete advice on how we, their advisors & in some cases children, can help. Senior Retirement Stats Headed in the WRONG Direction According to the
Maybe the nice folks over at FHA like listening to Dua Lipa songs… “I got new rules, I count ‘em” LOL But seriously… A new FHA guideline (effective Oct. 15th) makes it possible for seniors to get a reverse mortgage on their individual condo unit even if the building or association is not FHA approved!