Archive | Finance

Time to take a new look at reverse mortgages

By Alain Valles Since 1987, reverse mortgages, also known as Home Equity Conversion Mortgages (HECMs), have been a viable option for hundreds of thousands of qualified homeowners aged 62 and older. Over the past several years there have been many changes made to the program in order to better protect borrowers, with the intent of […]

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Not your typical rags to riches story

By Marianne Delorey Each industry has their own way of showing off their accomplishments to the world.  The armed forces gives out medals, the music industry gives out Grammys.  Affordable housing has victories, but often, the stories do not wrap up into a pretty little package, which makes it harder to show others the pride […]

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Reverse mortgages: Where to start?

By Alain Valles, CRMP, MBA, CSA Almost a million people have obtained a reverse mortgage to help achieve their personal and financial goals, and an additional 20 million homeowners may be eligible. Almost everyone has heard of the term “reverse mortgages,” but few really understand the pros and cons. Where does one start? 1. Gather […]

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Those who humble themselves will be exalted

By Marianne Delorey A large part of our success in aging well has to do with how we cope with changes in our bodies.  All bodies change over time. There are amazing people who are able to continue using the same skills well into older adulthood. There are also some incredible people who develop or […]

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Reverse mortgages: be prepared

By Alain Valles, CRMP, MBA, CSA The Greek philosopher Heraclitus said, “Change is the only constant in life.” Time has shown this to be true. The incoming administration in Washington is expected to alter the outgoing’s policies and vision. Ahead of this, interest rates and the cost of money are increasing. Inflation, a word we […]

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Walking the last mile

By Marianne Delorey In Stephen King’s, “The Green Mile,” the main character, Paul Edgecomb, talks about his primary role with the inmates on death row. He listens. And he promises them whatever he can in their final hours, even if he knows he cannot keep the promise. He does this because it is better for […]

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