The National Reverse Mortgage Lenders Association (NRMLA) is shining a new spotlight on elder abuse with the release of a new consumer brochure addressing this disturbing subject. The free brochure titled “Recognize & Report Elder Financial Abuse” provides resources and information for seniors and their loved ones on how to identify scams, fraud and exploitation aimed at the elderly, with information on where to report threatening and criminal behavior.
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The reverse mortgage is an ideal financial instrument for seniors. To give you some quick information about reverse mortgages, we put together an infographic to help you understand what a typical reverse mortgage borrower looks like, an example of how the reverse mortgage works and what the market opportunity in the U.S. looks like....
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Social Security is only designed to replace about 40% of the average retiree's income, leaving two options - either dramatically reducing the retiree's standard of living, or getting creative and obtaining additional income from other sources....
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The National Reverse Mortgage Lenders Association created "What You Need to Know About Your HECM After Closing" to answer questions reverse mortgage borrowers, and their heirs, may have about their FHA-insured Home Equity Conversion Mortgage....
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There are two savings crises among American households: short-term and long-term. In the here and now, a recent Bankrate study found that most adults do not have enough stowed away in a savings account to adequately protect them from going into debt should disaster (lost job, health scare) occur. And then, there's retirement. ...
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