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…
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By Alex Spanko A financial columnist this week detailed the ways in which his opinion has evolved on reverse mortgages, moving from mild distrust to solid acceptance in certain scenarios. Writing for the San Antonio Express-News, columnist Michael Taylor noted that before digging into the products in response to a reader question, he hadn’t known…
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By Reverse Mortgage Daily For the many seniors who want to age in place, structural upgrades can become essential for living with accessibility and safety. A commonly promoted use for the Home Equity Conversion Mortgage, these upgrades are something retirees should start planning for sooner than later if staying in their current home is the…
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If you are an experienced homeowner, you’re also likely near retirement or looking at retirement in the near future. You may have retired years ago, but your cost of living expenses are increasing to the point where you don’t know if your life will outpace your income. A reverse mortgage loan might be the perfect…
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Below is an email I received from a lady wanting advice about enhancing her credit. “My mom mentioned she’s heard how you help people quickly enhance their credit on your radio show. I had an instance where my monthly mortgage payment changed and because I was doing auto pay through the bank vs through the…
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If you’ve decided you’re ready to buy a home, there’s a lot that you need to know! You might have concerns about your credit, or your student loan debt, or even the down payment! No matter what your concerns are, you need to make sure you’re talking to someone who actually wants to help you.…
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Pay Your Bills… On Time! This first step may seem obvious, but one late payment could result in a 20-100 point drop in your credit score! That means that by having one 30 day late payment could result in an extra $50 a month on an average mortgage payment. Paying your bills on time is…
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