Archive | Finance

Reverse mortgage: regained hope?

By Alain Valles, CRMP Everyone has heard the words “reverse mortgage.” But few people really know how one works. However, most of us know the challenge, uncertainty, worry, financial stress and struggle that comes with increasing healthcare costs, shortage of monthly cash flow, urgent home repairs, rising real estate taxes, divorce, credit card interest rates […]

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Home is where the heart is

By Marianne Delorey “Never make your home in a place. Make a home for yourself inside your own head… That way it will go with you wherever you journey.” –  American Writer Tad Williams The house creaked and shuttered and sighed. It was hard to let go, but it was time. Ninety years was not […]

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Reverse mortgages – good to be skeptical

By Alain Valles, CRMP No other loan product is wrapped in as much mystery and misinformation as a Home Equity Conversion Mortgage (HECM), more commonly known as a “reverse mortgage.” Unfortunately, this aura has led to a number of seniors making poor home financing decisions.  Many senior homeowners who could truly benefit from a reverse […]

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Top uses for a reverse mortgage

By Alain Valles, CRMP, MBA, CSA You’ve heard the term “reverse mortgage,” but do you know how it works? A Home Equity Conversion Mortgage (HECM) – often called a reverse mortgage – is a federally insured loan program that allows qualifying seniors 62 years or older to access the equity in their homes in the […]

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Widening the gaps

By Marianne Delorey We, as a society, have created an elaborate safety net for all people. These systems were put in place to help everyone because there is a presumption that any of us can fall onto hard times and we would want this safety net if we ever needed it. Congress recently passed a […]

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Social Security and reverse mortgages

By Alain Valles, CRMP, MBA, CSA Is 62 the best time to start receiving Social Security? According to the Social Security Administration, you may start receiving Social Security income at age 62.  But if you delay enrollment until age 70, your monthly Social Security income will be significantly higher. So, does everyone wait? Unfortunately, no. […]

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