It’s almost sounding like a broken record at this point, but U.S. home prices continued their steady climb in June — and, combined with rising interest rates, the trend is prompting more and more people to stay in their homes instead of selling. Nationwide home prices rose 6.8% during the year ended June, according to…

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The steady erosion of Medicare and Social Security benefits, the shift away from defined benefit pensions, and rising health care costs have all been blamed for seniors’ financial woes over the last decade. Now a group of researchers has the bankruptcy data to prove it. Since 1991, the rate of Americans aged 65 to 74…

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In an attempt to dispel misunderstandings regarding Home Equity Conversion Mortgages (HECMs), we in the industry have coined what are called the “5 Nevers”. They are: Never Give up Title to the Home Home Equity Conversion Mortgages are just that – a mortgage and just like a conventional loan the borrower retains title to the…

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Single women over 55 continue to be a growing segment of the homebuyer population, according to research presented in a recent Wall Street Journal article. Citing research form Ralph McLaughlin, the founder and chief economist at Veritas Urbis Economics in Alameda, Calif., the article states that since 1981 this female population has been the fastest…

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Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed. Christina Harmes, assistant manager for C2 Reverse in San Diego, said she has clients looking to upsize, downsize, move to the city or relocate to the country, but most…

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