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HECM Line of Credit vs. HELOC

In business, a line of credit can help protect and strengthen an enterprise in countless ways. Defensively, the owner can use it to help meet short-term capital needs or, proactively, to seize an offer simply too good to pass up. It automatically gives the business owner more options to nimbly and strategically meet almost any […]

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Where Consumers See Financial Advisor Value

Financial advisors, who are receiving an influx of first-time inquiries during the COVID-19 pandemic according to recent reports, are perceived to have varying levels of value among those consumers who seek their expertise, new researchh shows. That value can depend on very basic elements of the relationship, such as how often an advisor meets with clients, […]

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Seniors Look to Reverse Mortgages as a Lifeline

With coronavirus shutdowns wreaking havoc on the global economy, investment portfolios are also getting battered. The S&P 500 is down more than 10% since the start of the year. While that’s unpleasant for most investors, it’s especially devastating for retirees who count on their investments for income. And when those declines come at the beginning of […]

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Reverse Mortgage Amid COVID-19 Chaos

At a time when the stock market is behaving like an oscilloscope and 401(k)s are shrinking away, reverse mortgages have sparked a renewed level of attention as a potential source of stability amid an economic maelstrom. Read more…

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Financial Planners More Receptive to Reverse Mortgages Amidst Crisis

A survey of approximately 230 financial planners during a Mutual of Omaha Mortgage and International Retirement Resource Center webinar hosted by Dr. Wade Pfau late last week revealed that 77% of financial planner respondents are more receptive to offering reverse mortgages to their clients in light of the stock market volatility introduced by the ongoing […]

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More Tax and Estate Planning Opportunities

Instead of worrying, realize that there are opportunities in this crisis. You can make some moves now that will enhance your tax and estate planning. The moves will reduce the damage from this sell-off and increase the pay off when things turn around. Read more…

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Describing the Reverse Product Landscape to Clients

The modern reverse mortgage product landscape has grown in recent years to include a variety of different options that either come with insurance for the lenders by the government, or that don’t include the government at all. As proprietary reverse mortgage options continue to become more prevalent, conversations with clients that are aimed to determine […]

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How Reverse Mortgage Loans Help Retirees Weather Market Storms

Reverse mortgages have often been branded as a way for older retirees to raise money only when other sources of retirement income have dried up. But a growing group of financial planners and academics say that taking out a reverse mortgage early in retirement could help protect your retirement income from stock market volatility and […]

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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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