Posts Tagged ‘Home Equity Conversion Mortgage’
Is Your Mortgage Forbearance Ending Soon? What To Do Next
Millions of Americans struggling to make their monthly mortgage payments because of COVID-19 have received relief through the Coronavirus Aid, Relief, and Economic Security Act. But mortgage forbearance is only temporary, and set to expire soon, leaving many homeowners who are still struggling perplexed on what to do next. Enacted in March, the CARES Act…
Read MoreUSA Today: Reverse Mortgage May Help Avoid COVID-19’s Threats to Retirement
The economic toll of the COVID-19 coronavirus pandemic becomes more visible with each passing week, and for those who are looking at avoiding an adverse effect on retirement accounts and savings, a reverse mortgage may provide an option to avoid the economic shocks of the moment. This is according to writers Douglas A. McIntyre and…
Read More5 Mortgage Questions Home Buyers Always Ask—Answered
If you’ve got mortgage questions, you’ve come to the right place. Not exactly sure how a mortgage works? Don’t feel bad—the average home buyer doesn’t either. When mortgage questions come up The whole home buying process is filled with head-scratching questions, from how to find the right agent to figuring out which home is “the…
Read MoreKiplinger: Reverse Mortgages an ‘Outside the Box’ Solution for Financial Stress
The economic volatility currently being caused by the COVID-19 coronavirus pandemic has made generating retirement income more difficult, which is why “outside the box” solutions should be on the table for American seniors. One such solution is a reverse mortgage, according to Charles Rawl, certified financial planner and principal at Charles W. Rawl and Associates,…
Read MoreCNBC: Reverse Mortgages Provide “Lifeline” During Crisis
Reverse mortgage applications are up during a time when many senior homeowners are looking for “lifeline” to help lessen sequence of returns risk, writes CNBC in an article published Monday. Further, some advisors are taking a second look at this option for their clients. “With coronavirus shutdowns wreaking havoc on the global economy, investment portfolios…
Read MoreRetirement Savings Exposed to Notable Risk During Pandemic’s Onset
The retirement savings of Americans — while initially shielded from some of the immediate economic shock stemming from the COVID-19 coronavirus pandemic’s effect on the stock market — were nonetheless exposed to considerable risk by the ensuing economic downturn that followed. While the market has showed signs of recovery in recent weeks, many of those…
Read MoreMortgage rates drop to another record low — here’s why Americans may not want to wait too much longer before locking rates in
Mortgage rates have fallen to a new all-time low for the fourth time this year. But there’s significant upside risk to the low rate environment, and Americans may not want to wait too much longer before locking rates in. The 30-year fixed-rate mortgage averaged 3.13% for the week ending June 18, down eight basis points…
Read MoreForbes: Consider Reverse Mortgages After Coronavirus Crash
In terms of its financial impact and implications, no market, investor or consumer has been spared the effects of the COVID-19 coronavirus pandemic. However, there are still some opportunities that can be taken advantage of in the midst of this particularly turbulent climate, according to financial columnist and author Eric Brotman in a new column…
Read More6 Things Your Mortgage Lender Wants You To Know About Getting a Home Loan During COVID-19
Getting a mortgage, paying your mortgage, refinancing your mortgage: These are all major undertakings, but during a pandemic, all of it becomes more complicated. Sometimes a lot more complicated. But make no mistake, home buyers are still taking out and paying down mortgages during the current global health crisis. There have, in fact, been some…
Read MoreCNBC: Reverse Mortgage May Help Provide ‘Fast Cash’ During Pandemic
A Certified Financial Planner (CFP) recommends that for homeowners looking for a fast source of cash during the coronavirus pandemic, home equity – and specifically a reverse mortgage – could be an avenue worth exploring. This is according to Jeffrey Levine, director of advanced planning at Buckingham Wealth Partners in Long Island, N.Y. to personal…
Read More
