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Zip Codes that Hold the Most Home Equity

More than a quarter of mortgaged properties in the U.S. were rich with equity in the first quarter of 2019. This is down just one half a percent from the previous quarter, ATTOM Data Solutions revealed in its latest Home Equity & Underwater Report. It’s also slightly less than the percentage of equity levels seen one […]

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The 55+ Housing Market is Booming

According to the latest from the National Association of Home Builders, builder confidence in the 55+ market reached 76 in the first quarter of 2019 – up six points from the previous quarter and the highest score since the index started more than a decade ago. Keep reading…

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Focusing on Smart Use of Housing Wealth

As defined benefit plans and pensions become a thing of the past, researchers continue to extoll home equity’s critical role in retirement income planning. For some time, a group of academics and financial planning professionals have sought to spread that message, forming the Funding Longevity Task Force to drive this mission and working in partnership with the […]

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Financial Advisor: Don’t Ignore Reverse Mortgages

Although they can often be a tough sell, reverse mortgages can likely help financial clients who find themselves running out of money in retirement. This is according to an article appearing in Financial Advisor by writer Dan Jamieson. Learn more…

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Advisors’ Game Plan for Long-Term Care

There’s an expense lurking on the horizon for retirees that is largely unpredictable but likely: Long-term care. With premiums skyrocketing on insurance policies designed to cover that cost, financial advisors are turning to a variety of other strategies to help clients prepare for a day when they might need help with daily living activities such […]

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FINRA’s Evolution on Reverse Mortgages

The Financial Industry Regulatory Authority (FINRA) describes its stance on reverse mortgages in a report titled, “Reverse Mortgages: Avoiding a Reversal of Fortune.” While that title has negative connotations, it doesn’t explain that the contents of the report have evolved over the past several years, even if its title may not have. Read more…

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HECM For Purchase Program

The HECM for Purchase program began in 2009 as a way to use a reverse mortgage to purchase a new home. The government saw enough people using a costlier and more complicated two-step process—obtaining a traditional mortgage to purchase the home and then using a reverse mortgage to pay off the first one—that it sought […]

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A Reverse Mortgage is Not a Last Resort

Reverse mortgages are traditionally thought of as a last-resort option for seniors who want to stay in their homes but have little resources and few options left. But research has proven otherwise. Check it out…

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Debunking Reverse Mortgage Critics’ Misconceptions

When examining the totality of negative press that reverse mortgage products have to endure, many of the most persistent reputational hurdles faced by the products arise from people viewing the products themselves in isolation as opposed to a single part of a larger retirement strategy. Read more…

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Social Security to Run Out of Funds in 2036

The financial landscape for Social Security and Medicare federal entitlement programs, two of the most important programs in the social safety net for American seniors, has been given a bleak forecast concerning the financial solvency of the programs according to a government report issued earlier this week by the Social Security Administration (SSA) and Cabinet […]

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