Archive | Finance

Are reverse mortgages a scam?

By Alain Valles, MBA, CRMP, CSA Home Equity Conversion Mortgages (HECM), more commonly known as reverse mortgages, were authorized by President Ronald Reagan in 1987 and are federally insured by the Department of Housing and Urban Development (HUD). Hundreds of thousands of people aged 62 or older have benefited from this program, which has provided […]

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Best towns in Central Mass. for seniors – a review of medical amenities

By Marianne Delorey This article is part of a series comparing the towns in Worcester County for seniors. The focus of this part is on the medical amenities offered in each community. Above all else, the freedom of choice for our elders is what makes a community friendly. Choices for medical care include the proximity […]

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Reverse mortgages: financial protection

By Alain Valles, MBA, CRMP, CSA Hopefully your life has been rewarding and pleasurable. But we all have experienced, or will someday face, life’s unexpected misfortunes. The sorrow of losing a loved one, the struggle of fighting a health crisis, or becoming an unpaid caregiver to a family member are not only emotionally stressful, they […]

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Best towns in Central Mass. for retirees

By Marianne Delorey Everyone seems to take a stab at rating communities on different criteria.  A simple search on “best places” helps people decide where to live, work, eat, raise children, and retire.  While many of these lists are informative and interesting, only some are based on measurable information. This article is the first in […]

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Holding a hand and letting go

By Marianne Delorey I remember holding my son’s hands while he learned to walk. There is nothing quite like the feeling of letting go and seeing your baby walk away, not needing you anymore. It is one of the most complicated emotions I have ever experienced — in equal measure frightening, heartening, exciting, sad, and […]

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Reverse mortgages: If you had a magic wand

By Alain Valles Since 1987, Home Equity Conversion Mortgages (HECMs), also known as reverse mortgages, have been a viable option for hundreds of thousands of homeowners aged 62 and older. Over the years there have been many changes to this loan program, with the goal always being to ensure a reverse mortgage is a long-term […]

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