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SSA Announces 2.5 Percent Cost of Living Adjustment for 2025
by Darryl Hicks | October 11, 2024
The bottom line: In a recent TSCL survey of more than 3,000 older Americans, 72 percent said that changing the COLA calculation to an index that better reflects seniors’ more… SSA Announces 2.5 Percent Cost of Living Adjustment for 2025
Widow Uses Proprietary Reverse Mortgage to Eliminate Mortgage Payment
Susan Martini, 67, lives in Monument, CO, halfway between Colorado Springs and Denver, where she works part-time as a registered nurse and cardiac device specialist. “I’ve been a more… Widow Uses Proprietary Reverse Mortgage to Eliminate Mortgage Payment
Noteworthy 2024 Retirement Statistics
by Darryl Hicks | November 15, 2024
DepositAccounts, a personal finance web site affiliated with LendingTree, reported that the average 401(k) balance in the second quarter of 2024 was $127,100, while the average Individual Retirement more… Noteworthy 2024 Retirement Statistics
Guide for Borrowers Impacted by Natural Disasters
The Consumer Financial Protection Bureau has created a special resource guide that helps explain your obligations as a reverse mortgage borrower while recovering from a natural disaster. Download more… Guide for Borrowers Impacted by Natural Disasters
Women Believe They Need This Amount to Retire
by Darryl Hicks | November 11, 2024
The survey conducted by the Transamerica Center for Retirement Studies finds that women workers believe they will need to have saved $500,000 by the time they retire to feel financially more… Women Believe They Need This Amount to Retire
Senior Home Equity Hits $14 Trillion in Q2
by Darryl Hicks | October 3, 2024
According to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index, housing wealth among homeowners 62 and older increased by more than $600 billion in the more… Senior Home Equity Hits $14 Trillion in Q2
Advice for Children of Seniors
Should Mom Or Dad Get a Reverse Mortgage? You are referred to as the “Sandwich Generation.” You’ve got kids in, or heading for, college and at least one more… Advice for Children of Seniors
Reverse Mortgages: Fact vs. Fiction
This NRMLA graphic debunks 5 common misconceptions about reverse mortgages.
Reverse Mortgage FAQs
These frequently asked questions are arranged in the order in which they occur during the loan origination process. If you read all the questions from beginning to end, more… Reverse Mortgage FAQs