A Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) requires a borrower to be at or over the age of 62 to qualify for a loan, making baby boomers most of the new qualifying candidates for a HECM. A new report from Construction Coverage sourced by its researchers and data from the U.S. Census…

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Much research has explored the mental and physical health benefits of maintaining social contacts well into later life. Studies also show that maintaining sexual health can have profound benefits that may include slowing down the aging process. Besides the exercise value of sex, research has found that sexual pleasure and intimacy may help ease everyday…

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Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. LTC is already an expensive…

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Still weighing whether to make a New Year’s resolution? Or perhaps regretting letting your healthy habits slide during the holidays? Either way, the American Medical Association (AMA) has ten recommendations to help Americans improve their health in 2024. “It is quite common after the holidays to think about all you’ve eaten or your reduced physical…

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The Federal Housing Administration (FHA) ties a growth rate to mortgage interest rates on HECM credit lines, Resch explained. “With higher rates, the available line of credit grows faster,” Resch told the publication. This is a different result compared with clients who have other kinds of home equity loans, who are seeing available cash proceeds…

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Can you tell how long you’ll live? For seniors, how fit you are may offer a clearer forecast of life span than traditional markers such as high blood pressure, high cholesterol, diabetes and smoking, a new study suggests. It included more than 6,500 people, age 70 and older, who had an exercise stress test between…

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Colon cancer survivors can give their health a boost by eating more navy beans, a new clinical trial finds. Small, white navy beans are full of gut-supporting fibers, amino acids and other nutrients that can help the beneficial bacteria of the gut flourish, researchers said. And colon cancer patients who added a cup of navy…

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For many of us, the annual visit to the Christmas tree lot happens immediately after the Thanksgiving festivities—sometimes even before the leftovers are gobbled up. Buying your tree as early as possible means you’ll have your pick of the inventory. But if you’re trying to score a deal this year (and maybe you don’t mind…

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Shrinkage of one of the brain’s key memory centers appears to herald thinking declines, a new study finds. The region in question is the hippocampus, a two-sided structure located roughly above each ear and embedded deep within the brain’s temporal lobe. It’s long been known to play a crucial role in the storage and transference…

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The loss of loved ones can hit the elderly particularly hard, but a new study suggests it’s anger, and not sadness, that may damage the aging body more. Anger can increase inflammation, which is linked with conditions such as heart disease, cancer and arthritis, the researchers said. “As most people age, they simply cannot do…

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