Since 2007, my opinions on reverse mortgages have been mixed. Today, I re-examine my previous articles and prior concerns, due to Bank of America’s monumental announcement Friday that it is exiting the reverse mortgage … [Read more...]
Print This PageReverse Mortgage Industry in Trouble?
February 7, 2011 by
I’ve written several times over the years on the topic of Reverse Mortgages. My first article explained the concept and requirements of a Reverse Mortgage and how seniors can use a reverse mortgage. My second article, … [Read more...]
Print This PageWorking with Elder Parents in Planning Financially for their Long Term Care
January 24, 2011 by
You may be taking care of elderly parents now or looking at that possibility in the near future. According to a report from USATODAY/ABCNews/Gallup Poll, 41% of baby boomers are helping take care of elderly parents by … [Read more...]
Print This PageReverse Mortgage Rules Changing Again
September 9, 2010 by
I've written several times over the years on the topic of Reverse Mortgages. My first article explained the concept and requirements of a Reverse Mortgage and how seniors can use a reverse mortgage. My second article, entitled … [Read more...]
Print This PageHuge Problem with Reverse Mortgage Industry
May 5, 2010 by
I have always praised the use of Reverse Mortgages as a way for seniors to pay for Home Care so they don't need to leave their home and move into a long-term care facility. See, for example, my January 30th, 2010 blog posting on … [Read more...]
Print This PageUsing a Reverse Mortgage to Pay for Home Care
January 30, 2010 by
Many of my clients ask me how I feel about reverse mortgages, and even more so this past week because of a favorable story that appeared in last week's Washington Post entitled "Reverse Mortgages are Not the Next Subprime." This … [Read more...]
Print This PageReverse Mortgage Home Equity Loans
February 1, 2007 by
For many seniors the equity in their home is their largest single asset, yet it is unavailable to use unless they use a conventional home-equity loan. But a conventional loan really doesn't free up the equity because the money has … [Read more...]
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