Tag: retirement home

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…

The New Reverse Mortgage grounds skyrocketing long term care costs

Long term care costs are skyrocketing The New Reverse Mortgage can ground them The odds are nearly 70% that either you or your spouse will need long-term care services at some point in your lifetime. According to  The Genworth Cost of Care Report: 70 percent of people 65 and older will need some kind of…

Beware of the Retirement Landmines

The New Reverse Mortgage can help you avoid retirement landmines This is not your parent’s retirement and there are landmines beneath your feet. With Social Security funding issues around the corner, uncertain market conditions, long-term low interest rates and skyrocketing medical costs, American retirees are facing a minefield of retirement challenges and who among us…

How does The New Reverse Mortgage protect my home?

How does The New Reverse Mortgage protect my home? The simple answer is you do, by purchasing a reverse mortgage insurance policy. This policy is part of your closing costs when obtaining The New Reverse Mortgage. Unlike traditional mortgage insurance which is protection for lenders, The New Reverse Mortgage insurance is protection for you and…