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Seniors Choose Home Over Hospital

Home is now the most common place people are choosing to spend their final days of life, outpacing hospital deaths for the first time in more than half a century, according to a study published Wednesday in the New England Journal of Medicine. Read more…

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Finding Your Right Mortgage Product

Home ownership is a serious commitment, whether you’re a first-time buyer or a seasoned pro. There’s a lot to think about before and after you purchase a home, and it’s crucial that buyers arm themselves with the best information available. Read more…

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AARP: What to Know about Reverse Mortgages

A reverse mortgage is a loan based on the paid-up current value, or equity, in your home. Unlike a conventional mortgage, your lender pays you — in monthly payments, through a variable line of credit or in a lump sum. You don’t have to repay the loan until you sell your house, move or die. […]

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Kiplinger: Reverse Mortgages Help Seniors Avoid ‘Pre-retirement Crisis’

In trying to shore up finances as a senior prepares to enter retirement, one option that can help a senior to avoid a financial crisis in the period preceding retirement can be a reverse mortgage. This is according to Mike Piershale, president of Piershale Financial Group in Barrington, Ill. in a new article at Kiplinger. […]

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New Home Sales Rebound in August

Sales of newly-constructed homes in the U.S. increased 7.1% on a monthly basis in August to a seasonally-adjusted annual rate of 713,000, the government reported Wednesday. Read more…

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Rightsizing, Home Values Lead HECM for Purchase

While the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) has struggled to gain traction in the reverse mortgage market at-large, taking a look at a list of the top five states for H4P origination may help some in the reverse mortgage industry to discover a path forward for the product variation. Read more…

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Top 10 Trends Shaping Real Estate In 2020

A market as large and dynamic as United States real estate rarely moves quickly. But the most striking narrative running throughout the annual Emerging Trends report from the Urban Land Institute is the sense of static and stasis. Read more…

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Americans are Making Mistakes with Retirement Savings

Nearly one in five Americans don’t contribute enough to their employee-sponsored 401(k) plans to earn the company match, according to a new survey by MagnifyMoney. That means they’re missing out on “free money.” Read more…

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Advisors May Be The First To Notice Elder Abuse

Nearly half the country is now on board with changing how advisors can respond to signs of elder fraud. State governments and regulators have been prompted to make changes to the regulatory regime in response to the high costs of elder abuse and advisors’ unique position to spot early warning signs. Read more…

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Nearly Half of Baby Boomer Lack Cash to Age in Place

Nearly 50 percent of baby boomers reported that they don’t have a sufficient amount of savings to age in place in their own homes. This is according to a joint survey conducted by website Next For Me and roommate matching service Silvernest. Read more…

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