Archive | Finance

Marianne Delorey

Subsidized versus market leases

By Marianne Delorey Photo Marianne Delorey, Photo submitted Low income housing and market rate housing have more in common than not. The leases for these apartments, however, often have notable differences that warrant closer review. This article seeks to describe the general differences between a typical subsidized lease and a typical market rate lease. Since […]

Read the full story

Posted in Housing Options0 Comments

Alain Valles

Reverse mortgages – uncomfortable questions

By Alain Valles, CRMP, CSA, MS, MBA (Photo Alain Valles, Photo submitted) Many have heard the words “reverse mortgage,” but few have a clear understanding of how it works, the cost, the benefits or the process. As managing director of the 501(c)(3) nonprofit Helping Hands Community Partners, Inc., our mission is to educate people about […]

Read the full story

Posted in Reverse Mortgage0 Comments

Alain Valles

Reverse Mortgages – Ask the Expert

By Alain Valles, CRMP, CSA, MS, MBA (Photo Alain Valles, Photo submitted) You are invited to ask the questions. No question is too trivial or too complex. The only way to make an informed decision whether a reverse mortgage is right for you is to obtain the correct information regarding your personal situation. Reverse mortgages […]

Read the full story

Posted in Reverse Mortgage0 Comments

Marianne Delorey

It is better to give than receive

By Marianne Delorey (Photo Marianne Delorey, Photo submitted) “If you can’t feed 100 people, then feed just one.” Mother Teresa This is the story of Benny. Benny is one of the many low income elders I have encountered in my travels. He is an immigrant and came to this country to work many years ago. […]

Read the full story

Posted in Housing Options0 Comments

Reverse mortgages. The magic wand?

By Alain Valles, CRMP, MBA, CSA Managing Director Helping Hands Community Partners, Inc. How will you pay for retirement? If you are over 61-years-old, own a home with equity, and are concerned about your current or future financial situation or independence then you should learn about reverse mortgages. Projected life expenses keep piling up. Fidelity’s […]

Read the full story

Posted in Reverse Mortgage0 Comments

With or without you

By Marianne Delorey Dearest Relative, I recently mentioned my worries about you living in that big, old house with the stairs. You made it clear you did not want to talk about losing your independence. “I’m fine! Living here is my choice. You cannot take that away from me.” This is true. Legally, I get […]

Read the full story

Posted in Housing Options0 Comments