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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How to Retire With More Money Than You Thought Possible

If you’re worried about the prospect of retiring without enough money to sustain your current lifestyle, you’re not alone. A large percentage of Americans face the same dire situation, with a massive decrease in disposable income very likely the moment they retire from the workforce. However, there are ways you can increase your retirement savings […]
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5 Important Facts About Reverse Mortgages

Reverse mortgages are an excellent financial tool when used properly, but they are only applicable to certain situations. With a reverse mortgage, the homeowner receives either a lump sum or installment loan based on the value of their property. The lending institution then places a lien on the property, and ownership of the property transitions […]
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Reverse Mortgage Advantages

Get misuse or settle monetary responsibility and make no settlements For as prolonged as you remain in your house or keep the financing Lasts as extensive as one residence proprietor remains Providing establishment might not require any type of type of settlements with little resident dedications Complete security With hardly any demands, the loan provider […]
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Economic Woes Make Reverse Mortgages More Attractive to Seniors

According to the Bureau of Labor Statistics, there is no inflation in today’s economy. Social Security COLA increases, which are tied to inflation, have been held to a mere 1.5%. However, grocery shoppers and those people driving gas-consuming automobiles have seen the prices of food and energy increase dramatically over the past three years.  For […]
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