The Journal of Financial Planning says that 80 million baby boomers expected to retire over next 18 years Unfortunately, the recent recession has eroded their retirement portfolio values, increasing retirees’s dependence on Social Security. The long-term solvency of the Social Security system, however, is uncertain. Thus, having alternative sources of retirement income is important. Reverse […]
5 Proven Approaches to Prevent Falls
Published 2-4-2015 | A Place for Mom Senior Blog | By Lisa Kernisan, MD Fall Risks and Seniors Seniors and families are often quite worried about falls, and with good reason. The Center for Disease Control (CDC) estimates that 1-in-3 seniors fall at least once every year. In 2013, falls led to 2.5 million emergency […]
Retirement by Numbers
The statistics below are horrifying, but this doesn’t have to be you. There are things you can do to make sure you will be okay. Your 1st step is to call Steve today, and let him take a look at your situation. Steve can help! 62 – average retirement age 18 – average length of […]
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 […]
Steve helped them buy a home less than 1 year after their bankruptcy
Steve helped them buy a home less than 1 year after their bankruptcy 8-27-2014 Steve, Could have not done this without you and Johnell. You Rock! Thank you, Greg & Lori
Retirement Stats, July 2014
You mortgage is a big part of your retirement plan. If you want to buy a home, refinance, or get a reverse mortgage, call Steve, The Mortgage Doctor. He’ll help you figure out the best way to make sure your’e in the 50% of Americans who have a retirement plan. Call today! He’ll talk to […]
Seniors Underestimate the Cost of Long-term Care
from ReverseReview.com | March 27, 2014 A survey of affluent baby boomers revealed that on average, participants expect the cost of long-term care to reach about $36,220 per year. This estimate is way off base, as the cost of nursing home care alone is expected to reach $265,000 per year in 2030. To read more […]
HARP is a “No Brainer” – FHFA
Feeling that they may have reached only about half of the families who could benefit from the program, the Federal Housing Finance Agency (FHFA) launched a campaign today to inform homeowners about the Home Affordable Refinance Program (HARP). The campaign is aimed at those with higher than prevailing interest rates who are current on their mortgages but have too little […]
WSJ: Reverse Mortgages Can Benefit Retirees, Both Wealthy and Not
Published on WSJ.com | August 16, 2013 | Written by Kelly Greene Move Can Help Retirees Keep Investments Until Right Time to Sell Reverse mortgages aren’t just for people struggling to keep their homes anymore. The loans also can work for well-heeled retirees looking for a buffer to keep them from selling investments at the wrong […]
Reverse Mortgages: I Outlived my Retirement Plan
In NRMLA’s July-August 2013 Reverse Mortgages, Marty Bell tells the story of Larry and Helen, who outlived their retirement plan. Larry and Helen took a responsible approach to planning their retirement. Both Larry’s older and younger brothers died prior to 50 and so Larry decided he was going to retire from his sales manager position […]
NRMLA: Aging in Place
See more: http://services.nrmlaonline.org/NRMLA_Documents/July-August13.pdf
Why You Need to go to the Mortgage Doctor of Colorado
Your house can be a castle or a prison. Interest rates are low. If you live in Colorado and have any mortgage pain, come and see The Mortgage Doctor of Colorado!
What is the Right Mortgage Question to Ask Your Broker?
Most people’s first question when looking for a mortgage broker is: What are your rates? Steve Haney, The Mortgage Doctor, talks about why that is the wrong question to ask, and tells you what the right question is.