62.7 F
Westborough, US
Tuesday, July 23, 2019

Reverse mortgage: A lifesaver

Reverse mortgages have helped tens of thousands of older homeowners avoid serious financial difficulties by converting illiquid home equity into available tax-free cash. Recent changes in this government-insured loan program have helped to significantly reduce the cost while also strengthening protection for the borrower.

The market rollercoaster stops here

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.

New year, new life!

We all know the stereotype of a "senior" - a weary, grumpy “old person.” But, like all generalities, this image of a "senior" is far from accurate. Today’s seniors are active, engaged and filled with a desire to get the most out of life. They have worked hard for many years to earn a living, buy a home, and raise a family. Now they are eager to turn to the next chapter and enjoy the rewards of retirement.

Will you be able to afford to ‘age in place’?

I love my home. It is familiar, cozy and the place where I feel most secure and comfortable. I never want to leave. In fact, few people are eager to make a change in where they live, even as they grow older and their needs change. Studies have shown that 90 percent of adults over the age of 65 would prefer to stay in their current residence as they age.

What types of people get a reverse mortgage?

By Alain Valles, CRMP, President- Direct Finance Corp. Let's play a little game. The next time you attend a high school class reunion, visit your...

Should I stay or should I go?

A tough choice for senior homeowners By Alain Valles, CRMP Should you stay in your own home? Or would you be better off financially to sell...

Use a reverse mortgage to combat stock market anxiety

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...

Top uses for a reverse mortgage

By Alain Valles, CRMP, MBA, CSA A Home Equity Conversion Mortgage (HECM) – often called a reverse mortgage - is a federally insured loan program that...

Are reverse mortgages a scam?

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...

Reverse mortgages: financial protection

By Alain Valles, MBA, CRMP, CSA Hopefully your life has been rewarding and pleasurable. But we all have experienced, or will someday face, life's unexpected...