The steady erosion of Medicare and Social Security benefits, the shift away from defined benefit pensions, and rising health care costs have all been blamed for seniors’ financial woes over the last decade. Now a …
In an attempt to dispel misunderstandings regarding Home Equity Conversion Mortgages (HECMs), we in the industry have coined what are called the “5 Nevers”. They are: Never Give up Title to the Home Home Equity …
The Great Recession may have officially ended in June 2009, but baby boomers and the “Greatest Generation” are still recovering, according to a new study from the Pew Research Center. Members of Generation X — …
Single women over 55 continue to be a growing segment of the homebuyer population, according to research presented in a recent Wall Street Journal article. Citing research form Ralph McLaughlin, the founder and chief economist …
A recent New York Times article offers a concise 5-year countdown-to-retirement plan, with the final year of the timeline being the time to –cautiously – consider a reverse mortgage. Offered as a way to make …
Anyone planning to spend their golden years near Mount Rushmore is in luck as South Dakota was ranked the best state to retire, according to a new report by Bankrate.com. Based on seven categories, …
For seniors who feel years younger than they really are, a new study suggests it might not be their imagination. “We found that people who feel younger have the structural characteristics of a younger …
As the industry eagerly awaits the introduction of new proprietary reverse mortgages, jumbo loan originators credit these products with helping borrowers in a variety of situations—some more predictable than others. For a jumbo borrower, …
USA Today listed reverse mortgages among multiple potential options for retirees to build their nest eggs, specifically pointing to the Home Equity Conversion Mortgage’s line-of-credit feature. Citing Kerry Uffman, founder of TWRU Private Wealth …
The statistics about the waves of baby boomers turning 65 each day are old news to anyone who works in a senior-focused industry. But a new report from Harvard University adds a new twist …
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