Retirees in 49 out of 50 states have inadequate funds to support themselves in their later years. Generally, retirees need 70 percent of their pre-retirement income to support themselves. Nevada is the only state that has seniors who report sufficient funds, according to a recent survey from invest.com. If you need more money to supplement […]
Jumbo Reverse Mortgages Revived
Published in BloombergBusiness.com | Aug 22, 2014 | Written by Alexis Leondis Jumbo lending isn’t just on the upswing for traditional U.S. home loans. It’s also being revived for seniors who want to borrow against the equity in their houses through reverse mortgages. Urban Financial of America LLC and American Advisors Group, among the five […]