Tag Archive | "mortgage"

House home money

Should You Pay Off Mortgage Before You Retire?

To cover mortgage payments, retirees frequently have to withdraw more from their retirement funds than they would if the mortgage were paid off.

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finance, money, home, equity,

Managing Debt In Retirement Takes Some Planning

People have the most options to deal with debt if they create a plan before they retire, financial planners say.

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Money home

Why Reverse Mortgages Are A Harder Sell Now

The millions of Americans who haven’t saved enough money for retirement still have a potential safety net: their home equity.

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money, finance, house, chained, home,

Debate On Safety Of Reverse Heats Up

Foreclosure is a frightening word, especially if the person losing her home is a senior living on a modest, fixed income.

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money, finance, house, chained, home,

How Reverse Mortgage Rule Change Affects Borrowers

The loans allow homeowners age 62 or older to borrow against the value of a home, with no need to repay the loan until the borrower dies or sells the home.

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Reverse mortgage myth busters

By Alain Valles Reverse mortgages are becoming a crucial component of financial planning for senior homeowners. These government-insured loans, also known as Home Equity Conversion Mortgages (HECMs), convert illiquid home equity into tax-free cash. Though reverse mortgages were introduced in 1987, many people still carry old and misguided ideas about what a reverse mortgage is […]

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