Suggesting a looming crisis in senior housing, an increasing number of baby boomers are entering into retirement with mortgage debt, according to a recently released report from the Harvard Joint Center for Housing Studies and the AARP Foundation. Reverse mortgages may offer financial security for those who are eligible and in need. “Reverse mortgages can be […]
Report: USA unprepared to assist aging population, but reverses can help
While America struggles to meet the housing needs of its population, reverse mortgages remain a valuable source of funding for older Americans who have financial and other retirement needs, according to a new report published this week by the Harvard Joint Center for Housing Studies and AARP Foundation. Entitled “Housing America’s Older Adults–Meeting the Needs of […]
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 […]
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
What Really Happens to Your Reverse Mortgage After You Die?
The question people are always wondering about is: what happens to your home after you die if you have a reverse mortgage? The FHA has made this something you want to hear about! Watch this short video where Steve Haney, also known as The Mortgage Doctor of Colorado, answers this question completely. And if you […]
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.