Reverse Mortgage

If you are like many Americans, some or all of your retirement income is tied up in the stock market. Perhaps you own stock directly, or participate in a mutual fund, or an annuity, or have invested in a 401(k) or company pension plan. So you probably pay attention to how the market is doing, hoping that your savings will be protected and – hopefully – continue to grow.

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...

Reverse mortgages are a unique, government insured loan program that allows eligible homeowners 62 years old or older to access their home equity for immediate cash, a line of credit, a monthly check, or a combination of the three. In all cases, the homeowner has the right to never again make a monthly mortgage payment, as long as the real estate taxes and insurance are paid and other requirements are met.

By Alain Valles, MBA, CRMP, CSA Home Equity Conversion Mortgages (HECM), more commonly known as reverse mortgages, were authorized by President Ronald Reagan in 1987 and...

If you’re approaching retirement or hopefully enjoying retirement, there may be a nagging concern of have you done everything possible to minimize your financial risks?  Whether you have professional advisors, do your own planning - or perhaps worse, ignore the entire topic - below are economic areas that can affect your quality of life once you stop working:

By Alain Valles, CRMP The Reverse Mortgage rules changed Oct. 2. For the past 25 years, reverse mortgages have allowed hundreds of thousands of homeowners...

Learn From A Local Expert By Alain Valles, MBA, MS A reverse mortgage gives qualified borrowers, 62 years old or older, the option to receive cash...

  By Alain Valles, CRMP, MBA, CSA, Managing Director of Helping Hands Community Partners, Inc. A 501(c)(3) self-funded nonprofit charitable organization $88 billion borrowed for healthcare According...

By Alain Valles CRMP, MBA, CSA The prospect of living out one's life in the "golden years" has lost its glow. Wild stock market swings and a...

If you are like many seniors you may wake up feeling financially stressed. Concern about having enough money, worry about a lingering home repair, or frustration with credit card or real estate tax payments can be a burden. Even worse is the fear of not having enough money if something should happen in the future.