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Learning to Age Comfortably in Place

According to a recent study conducted by AARP, there has been a steady increase in senior citizens who wish to stay in their own homes as they age. This rising trend accounts for 90% of the seniors surveyed and is

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A Brief History of the Reverse Mortgage

For many senior homeowners, accessing a portion of the equity that they have built in their homes can be a vital financial resource. Over the years, Home Equity Conversion Mortgages (HECMs), also known as reverse mortgage loans, have helped many

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Using a HECM To Purchase Your Next Home

In 2008, Congress authorized the HECM (Home Equity Conversion Mortgage) for Purchase loan program which allows qualified seniors, ages 62 or older, to purchase a new principal residence using the equity from the sale of a previous residence or other

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Deciding to Take a Reverse Mortgage Loan

Though some may believe that a reverse mortgage loan should be a last resort for financially struggling seniors, homeowners should first consult their financial advisor to discuss their circumstances before making a decision. For some, a reverse mortgage may be

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Learn How to Alleviate Financial Stress with a Reverse Mortgage

By the time we reach retirement, many of us have experienced a number of stressful events in our lives such as changing careers, buying or selling a home, moving to another city, and raising a family. Fortunately, much of our

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Using a Reverse Mortgage To Live Comfortably With Arthritis

According to The Arthritis Foundation, arthritis is the leading cause of disability in the United States. There are many forms of arthritis including osteoarthritis, rheumatoid arthritis, psoriatic arthritis, gout, juvenile arthritis and others. Each has its own cause, symptoms and

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Retirement Crisis: Can a Reverse Mortgage Help?

Past generations of retirees used a “three-legged stool” approach to retirement security, including personal savings, defined benefit pension plans and Social Security. Unfortunately, many facing retirement today have little personal savings, and pension plans are rapidly disappearing from many employer’s

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Reverse Mortgages Covered From Natural Disasters

The devastating tornadoes, hurricanes and super storms of the past few years still weigh heavily in millions of Americans minds. Natural disasters also serve has a reminder to make sure that the necessary precautions are in place in case disaster

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Make Retirement Plans as Home Prices Increase

Many metro areas are experiencing some signs of home value appreciation. According to an article by Zillow1 , “Approximately 75% of the metros covered by the Real Estate Market Reports posted annual increases in home values – a sign of

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HECM vs. HELOC – What is Best for Me?

Many senior homeowners may take advantage of the equity in their home through a variety of options. Two of the options are the Home Equity Conversion Mortgage (HECM) loan and the Home Equity Line of Credit (HELOC). Both of these

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