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Senior Housing at Record High

Homeowners 62 and older saw their housing wealth grow by three percent or $234 billion in the fourth quarter to a record $8.05 trillion from Q3 2020, according to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Index (RMMI). Read more…

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Reverse Mortgages Not Just for People Out of Money

There seems to be an impression that taking out a reverse mortgage is an act of desperation by people who have no choice but to crack open and spend their nest egg of housing wealth. Read more…

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Economist Changes Mind on Reverse Mortgages

At first, economist Larry Kotlikoff was skeptical of reverse mortgages but because of the similarities with an annuity, he has recently changed his mind. Read more…

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Forbes: Reverse Mortgage Can Help

One often overlooked tactic that seniors can employ, when seeking to pay down outstanding debt in retirement, is the strategic use of a reverse mortgage loan, one of several options that an older American can use when examining their finances post-working years. This is according to contributor Bob Sullivan and editor John Schmidt in a […]

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Reverse Lending Limit Increased to More Than $822K

The Department of Housing and Urban Development has announced the maximum claim amount of federally backed reverse mortgages will be increased to $822,375 for 2021. Read more…

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A Retirement Planning Solution

With the impact of the coronavirus pandemic still a persistent presence in the everyday lives of Americans, more adult children and retired parents are spending time together, making it an optimal moment for retirees to talk about their finances with their children. A reverse mortgage can be one such solution for your older clients to […]

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Housing as a Solution for the Retirement Crisis

We know there is a retirement crisis in the United States, but what we don’t know is how to solve it. There are three pillars to retirement in the United States: your home, retirement/pension plans, and social security. Independently, none of these are adequate for the average American, but managing them together can be the […]

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Home Modifications for Aging in Place and How to Finance Them

Most Americans over age 50 prefer to remain in their current home and community as they get older, according to AARP – but to do that, many will need to increase the accessibility of their home by making home modifications. Read more…

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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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Education is Key Priority in Reverse Mortgage Media Coverage

In its efforts to connect with a broader base of potential borrowers, the reverse mortgage industry has made a lot of sustained, concerted efforts to communicate to customers how a reverse mortgage might be able to help them, and why the product category may be worthy of consideration. This has largely been an uphill battle, […]

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