Happy New Year 2022! One significant change effective January 1, 2022 is the maximum claim amount or lending limit in the United States for the FHA insured HECM, Home Equity Conversion Mortgage. That new number is $970,800 This is a significant increase over the prior year and benefits those home values which appreciated above the […]
A HECM isn’t for Everyone YET it can be a Fabulous Tool for Unlocking Home Equity
Robert Klein, CPA is the founder and President of Retirement Income Center in Newport Beach, CA. As a writer and publisher, he brings a holistic approach to retirement planning and presents a five-point matrix to consider with respect to evaluating a reverse mortgage. This comprehensive review illustrates the following factors: Projected Mortgage Balance Projected Savings […]
Younger retirees may benefit from using reverse-mortgage lines of credit as interest rates rise
Financial writer Jeff Brown’s recent Wall Street Journal article, does a good job of explaining why some financial planners are encouraging seniors in their early 60s to take a reverse mortgage line of credit. “Research has shown that setting up a line of credit as soon as possible, age 62, in order to let it grow […]
Aging Gracefully with Yoga
My eyes close and I imagine the possible fountain of youth that comes as a result of practicing yoga. When I started running many years ago, not as a young woman I may add, I felt a lot of benefits then that I now receive from yoga. Something positively magical happens! Yoga opens the body […]
How Will Having a New President Impact Your Mortgage? Let’s Take a Look
There is always uncertainty in the market in an election year, but many people are wondering exactly what kind of impact Donald Trump’s election will have on their mortgage and the real estate options available. Here are some possibilities for the mortgage market following the results of the 2016 election.
