Experts Tout Benefits of Reverse Mortgages to Financial Planners

By Team Hochberg | November 12, 2018

by Maggie Callahan As finances are uncertain for many approaching retirement, reverse mortgages are an ideal shock absorber for the many potential shocks once a senior stops working, financial experts conveyed to an audience of financial planners Wednesday. Hosted by the American College of Financial Services, “Utilizing Housing Wealth in Retirement” featured Shelley Giordano founder…

Read More

Americans More Afraid of Retirement Health Care Costs than Death

By Team Hochberg | November 12, 2018

by Maggie Callahan Americans of all ages are more worried about future health care costs and their finances than they are about death, according to a recent online survey by TD Ameritrade. Completed by Harris Poll on behalf of TD Ameritrade, the survey “Redefining Aging” asked about 2,000 Americans over the age of 18 for…

Read More

Forbes Offers Detailed Rebuttals to Perceived Reverse Mortgage Risks

By Team Hochberg | November 12, 2018

by Alex Spanko Forbes over the holiday weekend published a point-by-point rebuttal of a recent Philadelphia Inquirer article that questioned whether reverse mortgages were too risky for older homeowners. Jack Guttentag offered his more upbeat assessment of Home Equity Conversion Mortgages, eventually concluding that all of the potential downsides involved are plainly explained to the…

Read More

American Homeowners Don’t Want to Move, Plan for Home Repairs Instead

By Team Hochberg | November 12, 2018

by Maggie Callahan As recent home value appreciation reports have pointed out, homeowners in America are not selling, and a recent analysis from Zillow said that many — 63% — are not looking to move at all. The Zillow Group’s Consumer Housing Trends Report 2018 surveyed 13,439 current renters, buyers, sellers, and homeowners about their housing attitudes during…

Read More

MoneyWise: Reverse Mortgages Can Help Fund Aging Place

By Team Hochberg | November 12, 2018

by Maggie Callahan Seniors have made it known through numerous surveys that they desire to age in place, but keeping the home safe and accessible can require expensive upgrades and improvements. MoneyWise editor-in-chief Doug Whiteman wrote in a recent article ‘How to Find Financial Assistance for Aging in Place’ about the many options out there to help…

Read More

USA Today Lists Reverse Mortgages as a Key Nest Egg Booster

By Team Hochberg | November 12, 2018

by Alex Spanko  USA Today listed reverse mortgages among multiple potential options for retirees to build their nest eggs, specifically pointing to the Home Equity Conversion Mortgage’s line-of-credit feature. Citing Kerry Uffman, founder of TWRU Private Wealth Management in Baton Rouge, La., writer Robert Powell positioned the product as a potential solution for long-term savings shortfalls. “Having…

Read More

Home Equity Crucial to Health Care Planning as Costs Rise 4% Each Year

By Team Hochberg | November 8, 2018

By Maggie Callahan As health care costs are expected to keep rising, reverse mortgages and other home-equity tapping solutions can play a vital part in planning for health expenses for seniors. HealthView recently released its 2018 Retirement Health Care Costs Data Report, which showed that retirees can expect their health care costs to rise annually by…

Read More