80 20 Home loan

Most people who take on an 80 20 home loan are normally young specialists. Hsieh further describe that these are” people who have gotten out of college and have excellent jobs.” An 80 20 mortgage loan is for individuals who have good credit however do not have a great deal of savings to their name […]
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New Rules for Reverse Mortgages

These once-suspect loans can be a useful source of cash in retirement. New Rules! Financial planners have long regarded reverse mortgages as an option of last resort for cash-strapped homeowners in retirement. The loans—which let you borrow against the value of your home but don’t require repayment while you’re still living in it—have had a […]
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Time to Get a Reverse Mortgage in 2016?

  Is it time to get a reverse mortgage? A reverse mortgage is a popular way for older homeowners to tap into their home equity to create an income stream, or to take care of large expenses. However, reverse mortgages aren’t well understood by many people, so here’s what you need to know about these […]
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Don’t be suckered into buying a reverse mortgage

Reverse mortgages sound enticing: The advertisements you see on television, in print and online give the impression that these loans are a risk-free way to fill financial gaps in retirement. However, the ads don’t always tell the whole story. A reverse mortgage is a special type of home equity loan sold to homeowners aged 62 […]
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Reverse mortgages: Useful retiree tool or bad move?

Reverse mortgages, once viewed as loans of last resort, are slowly gaining some mainstream respect. Due to both strengthened consumer protections for these loans and an aging population that is largely unprepared to deal with the reality of retirement expenses, financial advisors are becoming more comfortable with recommending reverse mortgages to some clients. Taylor Hinton […]
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5 Reasons to Avoid a Reverse Mortgage

One of the retirement planning resources that has gained interest in recent years is the reverse mortgage. For many retirees, it seems like a solid idea. You get access to the equity in your home, and the bank makes a mortgage payment to you. It turns your home into a source of income. It’s a […]
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What to do in the Event of an Unexpected Retirement

You try to do your best to plan for retirement, but what do you do when you’re forced to retire early?  According to two new surveys, this happens more often than you might think.  “Research from Voya Financial says that for 60 percent of retirees, the timing of retirement was somewhat or completely unexpected.  And […]
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What is a mortgage broker and how do they work?

Everyone has heard the term ‘mortgage broker’ at some point in our lives and honestly, most of us don’t completely understand who a mortgage broker is and what they do. Put in simple terms, a mortgage broker is an intermediary between the borrower and the bank. They essentially work with the borrower and the bank […]
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Reverse Mortgage vs. Forward Mortgage

In the past several years, reverse mortgage loan has become one the most useful product in terms of providing financial security to the senior US citizens. What is a reverse mortgage? As it name tells, it is merely the “reverse” of regular mortgage loans. Simply put, in a regular mortgage you make monthly payments to […]
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The Rewards and Risks

One of the greatest challenges facing retirees, particularly in today’s low-interest rate environment, is generating sufficient income for everyday living expenses. And for the 41% of Americans aged 55 to 64 with no retirement savings, their home may become their most effective way to fund retirement. The combination of those two trends makes reverse mortgages […]
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