In the beautiful spring month of May 2011, I received a call from a business friend who said “we are ready to sell our home of 20 + yrs. and move closer to services!” This excited announcement could only come from a couple living in the country and longing for a short commute and a […]
The national loan limit for ( HECM) Home Equity Conversion Mortgages will remain at $625,500 in 2015, the Department of Housing and Urban Development announced today in Mortgagee Letter 2014-25. The $625,500 loan limit also applies to traditional high-cost areas, such as Alaska, Hawaii, Guam and the U.S. Virgin Islands. To read ML 2014-25, click […]
I know we can’t all fly to Denmark next month to learn what this professor has to say, but the message is being heard over and over again in this country: “Improve the income benefits from the assets that are already available from saving for retirement.” One asset is the primary residence. A Reverse […]
For elderly clients (and for the elderly parents of middle-aged clients), financial planners may want to consider reverse mortgages — and the new rules recently put in place to protect borrowers. “[Reverse mortgages] can be a very useful tool for seniors who plan to stay in the home for a long time,” says Jim Kinney, […]
These days, efficiency and productivity are the keys to life, which is why it’s no surprise that home automation is a bigger topic than ever before.