Archive | Finance

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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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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