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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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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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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