A recent study from life insurance provider Northwestern Mutual revealed that approximately one-third of those surveyed have less than $5,000 saved for retirement. ...
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The Administration on Community Living published Profile of Older Americans: 2017, an annual summary of the latest Census Bureau data on America’s aging population, and a resource for all professionals who are interested in the changing demographics of the 65+ population....
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There are several areas of confusion out there about reverse mortgages. Does the bank own the home if borrowers obtain a reverse mortgage? If the loan balance grows bigger than the home value, is the borrower required to pay the difference? Are reverse mortgages just a loan of last resort? ...
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A reverse mortgage can be a tool to provide cash in retirement, but it's important to review several factors before jumping in. A reverse mortgage allows borrowers to borrow against the equity they have built up in their home. In doing so, they are able to supplement their income and remain in their current home. ...
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