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…

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If you’re hoping to sell your home, knowing your property’s value is essential for pricing it right to make buyers bite. Or, maybe you don’t want to sell your home right now, but are just curious what your house is worth—and whether your real estate investment has risen in value (which would merit some much-deserved…

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A reverse mortgage has the potential to help retirees weather unexpected or emergency expenses in retirement, and should be seen as a viable path that can help certain seniors make ends meet. This is according to a story written by Robert Powell, the editor of TheStreet’s Retirement Daily in a new column published at USA…

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The coronavirus crisis has heightened financial anxiety and uncertainty. But if buying a home has been part of your life plan, there’s no need to panic. Many Americans will receive stimulus payments in the coming weeks, which could ease some of the burden, and if you’re able, now is still a good time to start…

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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…

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During the current financial crisis, you may ponder the idea of simply stopping payment on your mortgage. It is an option that some may want to consider in difficult times, but it is a bad decision all the way around. The reason: It will affect your credit for years to come and is likely to…

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Market volatility that’s been introduced as a result of the coronavirus pandemic has been having a pronounced effect on global markets, and this could lead many people in or near retirement to react strongly and protect their retirement finances. However, experts are cautioning that taking dramatic actions in an effort to protect your investments may…

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Those who are fortunate enough to still be collecting a paycheck while quarantined or sheltering in place might expect to build up some serious savings. While you work from home, you’re avoiding your usual commuting expenses, and you’re probably saving money by not going to bars, restaurants, and movies, or skipping that vacation to Fiji.…

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Private reverse mortgages that do not involve the Federal Housing Administration (FHA) Home Equity Conversion Mortgage (HECM) program used to be used primarily for those with very high value homes. However, those products have evolved to encompass more utility for homes of lower values, particularly as rules governing HECM proceeds have changed. This is according…

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