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How to Retire Better In 9 Simple Steps

Whether you’re approaching retirement or already retired, you know there’s always room for improvement — room to retire better. To get you started on your retirement improvement plan, here’s a nine-step checklist to review and consider implementing. You may already be familiar with many of the items on the list, but now is the time […]

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10 Ways You Can Improve Your Mental Health at Home

If you’re like many Americans, you may feel that 2020 pushed you to the breaking point. It was back in August 2020 that the Centers for Disease Control and Prevention reported that more than 2 in 5 U.S. residents reported struggling with mental or behavioral health issues associated with the coronavirus disease 2019 (COVID-19) pandemic.1 […]

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10 Facts About Reverse Mortgages That People Tend to Overlook

Until you were eligible for Social Security and Medicare, or approaching the age when you would be, you may not have known exactly how these two pillars of retirement worked. You may not have understood, for example, that Medicare isn’t free or that for every year that you delay taking Social Security past full retirement […]

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What is a Shared Equity Agreement and How Does It Work

You’re a big proponent of reverse mortgages. You saw how one gave your parents the extra cash they needed to stay in and fix up their home, pay off bills, and have enough money to travel and see you and the grandkids whenever they wanted. Of course, they were still required to stay current with […]

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Are Heirs Responsible for Reverse Mortgage Debt?

If you are the heir of a reverse mortgage borrower who has passed away, you are not personally responsible for paying off the debt, but you are in a position to decide how the debt is paid. You have several options and should select the one most advantageous for your situation. Here are the options: […]

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Consider All Financial Options Before Raiding Your Retirement Accounts

The coronavirus has spread well beyond being just a health crisis. Fallout from the virus has also forced Americans to grapple with how they are going to pay their mortgages, rent, and put food on the table as unemployment trends hold steady. The U.S. government has responded with an unprecedented economic package totaling trillions of […]

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10 Facts Heirs Need to Know About Reverse Mortgages

If a reverse mortgage borrower sells the home or moves away permanently, the loan becomes due and payable. But the truth is, most reverse mortgage borrowers use the loan to age in place, leaving repayment of the loan to their heirs. While this might surprise some heirs at first, they have nothing to fear. Indeed, […]

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What You Need to Know About Homeowners Insurance

If you have ever had a mortgage, including a reverse mortgage, you know that as a condition of your loan, you must maintain homeowners insurance. This insurance helps protect you should something happen to your home, which serves as collateral for the loan. Pretty straightforward, right? But homeowners insurance cancellations and non-renewals (we’ll explain the […]

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Why You May Need to Act Now While Interest Rates Are Low

Seize the moment! Remember all those women on the Titanic who waved off the dessert cart. – Erma Bombeck One of the biggest stories of 2020 was the record-low mortgage rates that continued to favor borrowers. Mortgage rates fell to record lows 16 times throughout 2020, feeding a home purchasing and refinancing frenzy.1 Driving the […]

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The Fresh Start Initiative

A long time ago, in a galaxy, far, far away, you might have been debt free. Maybe it was before you bought your first car, went off to college, bought a home, or started buying nice things to fill your home. Or maybe it was before you were handed a jaw-dropping medical bill you simply […]

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