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 retirement myth

I give up ownership of my home with a Reverse Mortgage. Unfortunately too many retirees believe this “senior citizen ghost story” to be true and their retirement may be suffering because of that. I can remember when someone asked my father if he owned his home, he always answered: Yes, me and the bank! With…

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 only on spending and saving. Which is a good…

The New Reverse Mortgage grounds skyrocketing long term care costs

Long term care costs are skyrocketing Seniors Would Rather Plan to Pay for Funerals Than Long-Term Care 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…

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…