Posts Tagged ‘palm beach county’
How To Boost Your Credit Score: Advice for First-Time Home Buyers
If you need a mortgage, a good credit score, also called a FICO score, is essential—and it’s within your control. In a nutshell, a credit score is a simplified calculation of your history of paying back debts and making regular payments on loans. If you’re borrowing money to buy a home, lenders want to know…
Read MoreFive Year Retirement Plan Should Consider Reverse Mortgage
A recent New York Times article offers a concise 5-year countdown-to-retirement plan, with the final year of the timeline being the time to –cautiously – consider a reverse mortgage. Offered as a way to make ends meet if you’re planning to stay in your current home, reverse mortgages are a “fourth- or fifth-tier line of…
Read MoreDo You Need to Take Supplements If You Eat a Healthy Diet?
Vitamin supplements are a big business, with Americans spending roughly $45 billion out of more than $177 billion worldwide on pills, gummies and powders meant to boost health. About 59 million Americans regularly use some type of vitamin or supplement, spending an average $510 each year. But most folks are wasting that money, experts say.…
Read MoreStudy: 72% of middle-class seniors may not be able to afford assisted living by 2033
A new study released by NORC at the University of Chicago finds that nearly three-quarters of American seniors will be unable to afford assisted living programs by 2033, excluding home equity wealth from the equation. However, even when home equity is included, less than half of seniors will be able to afford such care. “A…
Read MoreSeafood in Pregnancy: To Eat or Not to Eat?
Pregnant women hear a lot of “Do this” and “Don’t do that” advice about what is safe to eat. But one recommendation that’s particularly important involves seafood: During pregnancy, women need to eat enough seafood to gain the health benefits, but not so much to raise the risk of some significant consequences. They also need…
Read MoreThe No. 1 Thing People With Fat Savings Accounts Scrimp on That You Likely Don’t
Housing may be the key to bigger savings. Earlier this week, a Reddit post — from a 48-year-old woman claiming to be a millionaire despite having only low-paying jobs until about age 30 — went viral, and in it she details some extreme frugality. She says she saves tea bags so she can make multiple…
Read MoreReverse mortgage lines of credit could benefit from higher rates: retirement expert
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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