Tag: retirement home

buying a home with the new reverse mortgage

Buying a home with The New Reverse Mortgage

Buying a home with The New Reverse Mortgage is better than paying cash Owning a home without having a mortgage payment has always been the dream of many baby boomers. It was a strategy that worked for their parent’s generation. But the world was simpler then and fixed pensions and Social Security provided income they…

Important retirement dates and milestones

Are you ready for retirement? Most Americans are not as prepared as they should be. Here are some important retirement dates and milestones to remember. Important Financial Milestones Your 59th Birthday This is the date that you can start withdrawing from an IRA or 401k without having to pay a penalty for early withdrawals. Once…

right sizing retirement requires planning

Baby Boomers are right sizing retirement

Right sizing retirement can lead to a secure future for seniors According to the National Association of Realtors’ 2015 White Paper on Home Buyers and Sellers. 41% of home buyers were seniors and 48% of home sellers were seniors. It’s not downsizing…it’s right sizing retirement If you were to ask most real estate and mortgage…

Reverse Mortgage and Senior Divorce

Saving the family home when senior citizens divorce

The New Reverse Mortgage helping seniors get through divorce Senior citizens divorce (also called “silver” or “gray” divorce) is becoming more common, and more acceptable. In 2014, people age 50 and above were twice as likely to go through a divorce than in 1990, according to the National Center for Family and Marriage Research at…

Debunking Reverse Mortgage Myths

Debunking the #1 New Reverse Mortgage Myth

I give up ownership of my home with a Reverse Mortgage. Without question is the number one fear of many older homeowners when considering a Reverse Mortgage. I can remember when someone asked my father if he owned his home, he always answered: Yes, me and the bank! With a forward mortgage as long as…

A Retirement Calculator gives The New Reverse Mortgage some Love

Finally a retirement calculator that gives the New Reverse Mortgage some love. There are countless retirement calculators available that allow users to punch in a few numbers and determine what lifestyle adjustments they will need to make for a secure retirement. Most retirement calculators however, focus on spending and saving. Which is a good start…