Tag: retirement help

The New Reverse Mortgage

The best bargain in the financial markets?

The New Reverse Mortgage is part of a well thought out retirement plan The New Reverse Mortgage can help you access your most valuable asset In it’s current state your home’s equity has the same value as monopoly money, it’s nice to think about but it won’t be much help in a financial emergency. With…

The New Reverse Mortgage

Did the housing bubble cause you to delay retirement?

Millions planning to delay their retirement The bursting of the housing bubble has caused millions of families to delay retirement. According to a recent survey, 20% of pre-retirees made plans to postpone retirement last year. (Note: this pre-retiree finally has a retirement date, lunch time the day of my funeral) Are you “underprepared for retirement?…

The New Reverse Mortgage

Retirement Planning is tricky business

Planning for a comfortable retirement is tricky business Retirement planning can be overwhelming in today’s uncertain economy. We’re trying to figure out how to use the income from our peak earning years, the 70s, 80s and 90s to pay for goods and services at today’s prices. Even though the FED has managed to keep inflation…

HECM Counseling for The New Reverse Mortgage

In 2012 HUD began fine tuning its HECM (Home Equity Conversion Mortgage) program to make it more senior friendly. At that time they instituted the requirement that you complete mandatory HECM counseling seven days prior to starting any paperwork for a Reverse Mortgage. What is HECM counseling? Mandatory HECM counseling provides seniors with the necessary…

The New Reverse Mortgage

The truth about the New Reverse Mortgage

The New Reverse Mortgage isn’t what you think it is. The Reverse Mortgage program was signed into law by President Reagan in 1987. The intent was to provide an instrument for senior homeowners to have a retirement “safety net”. He recognized that the skyrocketing inflation of the early 1980s made it almost impossible for those…

get a retirement paycheck

Your very own Personal Retirement Paycheck

The New Reverse Mortgage can be your Personal Retirement Paycheck When that day finally arrives and you’ve announced your retirement, among the many things that will be different in your life is you’ll no longer be getting a weekly paycheck. And that is going to require some adjustment to the lifestyle to which you have…