By | Published: January 26, 2011
One of the more curious questions regarding reverse mortgages involves the matter of heirs and inheritances. Is it fair for seniors to get a reverse mortgage and therefore leave a smaller estate to adult children?
By melissa | Published: January 23, 2011
Innovative models of aging support are emerging in anticipation of the retirement of an estimated 80 million baby boomers. Studies show that nearly 90% of older Americans will remain in their own homes for the remainder of their lives.
By | Published: January 18, 2011
The Chicago Tribune is reporting that many seniors with reverse mortgages have been neglecting to pay property taxes and homeowner’s insurance and the government is developing new educational tools and written communications to help. With $3 million from the Department of Housing and Urban Development, counseling agencies will be working with homeowners who fall behind and will be asking more detailed upfront questions about homeowners’ finances before the loan closes. “We’re getting people to think more broadly about what they’re doing with home equity,” said Barbara Stucki, vice president of home equity initiatives for the National Council on Aging.
Posted in Reverse Mortgage | Also tagged barbara-stucki, chicago-tribune, counseling, crisis, finances-before, housing, maintain-their, money, mortgages-have, news, pilot, pilot-program, reverse mortgage, urban
By melissa | Published: January 17, 2011
Investment News is reporting that financial advisers are not using reverse mortgages as the viable retirement income vehicles they can be.
Posted in Reverse Mortgage | Also tagged a-nice-mention, a-reverse-mortgage, clients, harry-gordon, hopkins-federal, news, probably-should, retirement, reverse mortgage, reverse-home, states-it-has, using-the-term
By melissa | Published: January 9, 2011
By Sandy L. White Have you visited a nursing home at Christmas time? It can be as magical as watching little children light up when they see twinkling lights, pretty packages, Santa Claus, hear Christmas music and smell cinnamon, ginger and pine
Posted in Elder Care | Also tagged a-few-different, a-little-more, a-more-active, a-nursing-home-, activities, aging, caregiver, caregiving, eldercare, every-christmas, holidays, nursing, nursing-homes, staff
By melissa | Published: December 30, 2010
The latest housing figures show that while homes remain affordable with interest rates near record lows, the market remains fragile as prices are unsettled. Foreclosure starts and completions fell 21 percent – the biggest month over month decrease since 2005 – as lenders review internal servicing procedures according to the Obama Administration’s December housing scorecard.
By | Published: December 27, 2010
The Department of Housing and Urban Development announced nearly $73 million in counseling grants that will go to more than 500 national, regional and local organizations to help families find decent housing and to prevent future foreclosures. Of the $73 million, HUD is providing $9.5 million in HECM counseling grants, an increase of 21% from 2010
By | Published: December 27, 2010
If you are old enough to be getting ready for the day when your parents can no longer care for themselves, you are old enough to remember the hit television series of the 1970s — The Waltons. That show depicted a time and a culture where our elders were not considered a burden to be borne by their adult children, but a blessing . Even today, there are cultures across the world where extended families are still the norm. The thought of elders who can no longer care for themselves as burdens simply does not exist. What happened? I do not have an easy answer but if you think I am overstating the case, think again. Search the Internet for articles of different eldercare issues and you will find the underlying assumption of most is more about burdens than blessings.
Posted in Elder Care | Also tagged a-burden-and, burdens, caring for parents, culture, elderly, emphasis-on-the, internet, parents, search, select-the-most, wonder-it-comes
By | Published: December 27, 2010
A recent National Reverse Mortgage Lenders Association (NRMLA) poll found that almost 85 percent of senior citizens and their adult children are very pessimistic about the economy. The poll also found that 50 percent of seniors are worried that they won’t have enough funds to support themselves during retirement. Paying housing costs The survey, conducted by Marttila Strategies on behalf of NRMLA, found that about a quarter of seniors think they won’t be able to afford housing and utility costs, while 20 percent think that without additional cash flow they will have to give up their homes.
Posted in Reverse Mortgage | Also tagged additional-cash, adult, borrower, borrowers-don, consider-other, exeriences, loans, moves-or-dies, nrmla, reverse mortgage lenders, the-financial
Related Articles