Although the Federal Reserve again raised the short-term interest rate yesterday May 4, 2022, the impact on a reverse mortgage loan is both positive and negative. As interest rates increase, the amount that you qualify to receive at application from the reverse mortgage decreases. However, your current loan balance which needs to be paid off […]
Forbes: Consider Reverse Mortgages After Coronavirus Crash
COVID-19 Crashed The Market, Now What Should I Do? Eric Brotman Contributor While we’re encouraging everyone to be patient and avoid panic-selling everything and knee-jerk … [+] GETTY The effects of Coronavirus have hit the global economy like a bullet. Across the country—and the world—people are asking the same questions when it comes to their assets: […]
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.
