A recent article in Forbes by Donna Fuscaldo noted… The reverse mortgage market has been in a state of flux ever since the U.S. government in 2017 reduced…
Should You Get One Of The New Reverse Mortgages?
Should You Get One of the New Reverse Mortgages?
By Donna Fuscaldo Proprietary reverse mortgages offer opportunities for consumers living in higher-priced properties that exceed FHA’s maximum loan amount, or don’t meet FHA’s property guidelines. Read more…
A Mortgage That Pays You
A recent article by Paula Chin in Family Circle noted.. “Your parents have spent years faithfully making monthly mortgage payments. Maybe it’s time to let that hard-earned equity…
The Mortgage That Pays You
By Paula Chin Your parents have spent years faithfully making mortgage payments. Maybe it’s time to let that hard-earned equity give them cash in their bank account. Read…
Senior Homeowners Give Jumbo Reverse Mortgages New Life
By Robyn A. Friedman For homeowners with higher home values or who live in properties that do not qualify for FHA reverse mortgages, a proprietary reverse mortgage may…
7 Ways To Use Your Home Equity For Retirement Income
Here’s a synopsis of an informative article by Nancy L. Anderson, a Senior Financial Planner with Key Private Bank, that recently appeared in Forbes; 7 Ways To Use…
Baby Boomers Are Struggling to Downsize and It Could Create the Next Housing Crisis
Here’s an excerpt from an informative article on Bankrate.com by mortgage reporter Deborah Kearns. Deborah notes that “rising mortgage rates, sky-rocketing home prices, and inventory shortages at…
What happens when you take a reverse mortgage, but your spouse does not?
Here are several excerpts from an article by Jessica Guerin, an editor at Housingwire, What happens when you take a reverse mortgage, but your spouse does not? The bottom…
Tips on How To Enjoy Your Hobby In Retirement—and Make Money At It, Too
Here are several excerpts from an interesting article by Nancy Collamer that appeared recently in MarketWatch, Enjoy your hobby in retirement—and make money at it, too. If you…
The 4% rule for retirement savings desperately needs to be upgraded
In an article in MarketWatch, the writer, Angie O’Leary discusses why the 4% rule for retirement savings may be outdated and suggests that most people will need to…
More than senior moments: better dementia detection is urged
Marilynn Marchionne and Lindsey Tanner, AP Medical Writers, recently wrote an article in GetHealthy.com about a difficult subject for many to discuss, dementia. Here is an excerpt. Too…
Most Americans Want to Own a Home in Retirement
Here are several excerpts from a recent article in Housingwire, by Jessica Guerin, an editor at the magazine, where it was noted that a recent survey revealed that 85%…
Hidden Fees to Watch for in Retirement
Even after carefully preparing and budgeting for retirement, there are some expenses that may catch you off guard if you aren’t watching for them. In a new article…
No More Monthly Mortgage Payment
Many of us have goals that we hope come true one day. Steve W., aged 64, wanted to pay off his mortgage by the time he reached age…
What Surprises Women Professionals Most When They Retire
In the first article of a four-part, weekly series about boomer women professionals and retirement, Lustre’s Founders, Karan Wagner & Erica Bird discuss “What Surprises Boomer Women Professionals…
Little-known benefit for Veterans can help pay for care
A blog post from Annapolis-based elderlaw attorney Jason Johnson encourages older veterans, and their spouses, to find out if they are eligible for benefits that can be used to defray…
When It Comes To Aging, ‘Home Is The Best’
Here’s a great story about a woman whose strong belief that our country can “do better” in taking care of its senior population is becoming an in-home care…
8 Steps to Building a Better Nest Egg for Your Future
By Robert Powell Retirement writer Robert Powell discussed a new report from Stephen Wendel, head of behavioral science at Morningstar, that recommended a reverse mortgage line of credit…