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Financial Disaster Equals New Opportunity

In an environment where seniors’ retirement futures have already been put at risk by dwindling savings and disappearing pensions, the idea of the reverse mortgage is to allow a senior to use the equity in their home to either meet necessary expenses in old age, or to enhance their quality of life in retirement. Read […]

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Don’t Overlook Reverse Mortgages in a Crisis

While recent legislation aimed to assist Americans in the midst of economic turmoil caused by the COVID-19 pandemic has been beneficial, mortgage forbearance options made available to people through the Coronavirus Aid, Relief, and Economic Security (CARES) Act have not addressed other living expenses that could leave people on fixed incomes vulnerable. This is why […]

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Senior Housing Wealth Hits Record High of $7.54 Trillion

Homeowners aged 62 and older saw their collective housing wealth increase in Q1 2020 by 1.6% compared to the previous quarter. This constitutes an increase of approximately $120 billion to a record of $7.54 trillion. Read more…

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Pandemic Leading Financial Planners to Reverse Mortgages

While the relationship between financial planner professionals and the reverse mortgage industry is evolving in a positive direction, there are still a number of things that the reverse industry can and should observe when aiming to facilitate connections with those planners as potential referral partners. This is according to a trio of financial experts discussing […]

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Strategic Tax Planning for the Wealthy with Reverse Mortgages

The Tax Cuts and Job Act of 2017 (TCJA) dramatically changed tax law in our country. It has a profound effect on mortgage interest deductibility and actually elevated the reverse mortgage as an enhanced tool for strategic IRA withdrawals, Roth conversions, Net Unrealized Appreciation (NUA), and other strategies centered around deferred or accelerated tax accounts. […]

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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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