Archive | Finance

Reverse mortgages:  Get the facts

I was recently at a local charity event and invariably people asked what I do? My answer is always “I save financial lives by educating people about reverse mortgages and, when appropriated, arrange them.” That’s usually followed by a polite sigh and then the person stating: “Aren’t those bad? Doesn’t the person lose their home to the bank or government? Don’t the kids lose their inheritance? Don’t you have to have no mortgage? Isn’t a reverse mortgage a last resort?” In other words, they’re really asking “Aren’t you just taking advantage of old people?”

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‘FLIPPING’ the situation

I hated fifth grade.  Almost 40 years later I can say without exaggeration it remains one of the worst years of my life. It was the first time that I truly had a hard time getting along with others, perhaps because we were all struggling with pre-adolescence in our own way.

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Reverse Mortgages: Time to trust?

Reverse mortgages are government-insured loans also known as Home Equity Conversion Mortgages (HECMs).

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Reverse mortgages and healthcare

By Alain Valles, CRMP, MBA, CSA Obama-care, Trump-care, no-care The cost of healthcare, doctor’s visits, prescriptions, and forms to fill out when you’re healthy is enough to make you sick. But when a cold turns more serious, or a life event occurs, or a chronic ailment worsens then the care available to you becomes life […]

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Reverse mortgage rules are changing

By Alain Valles, CRMP, CSA, MBA For the past 25 years reverse mortgages have allowed hundreds of thousands of homeowners 62 years old or older to convert the equity they have in their homes into tax-free cash.  On Jan. 19, 2017, the Department of Housing and Urban Development (HUD) announced over 50 significant changes to […]

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Aging drills

By Marianne Delorey “Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy.”  — Dale Carnegie School children 50 years ago would practice bomb drills and hide under their desks. Twenty-five years ago, school children would […]

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