Archive for February 2012

Reverse Mortgage Program Seen as Strong

The perceived strength of the Home Equity Conversion Mortgage will be a major topic of discussion at the 2012 National Reverse Mortgage Lenders Association (NRMLA) meeting in March. The NRMLA Eastern Regional Meeting will focus on recent developments in the reverse mortgage market including a review of the Department of Housing and Urban Development (HUD) outlook [...]

Reverse Mortgage Program Remains Stable

The Reverse Mortgage loan options, also called a Home Equity Conversion Mortgage (HECM) has gone through a number of significant changes in recent years but a spokesman for the Department of Housing and Urban Development (HUD) confirms that the program’s guidelines will remain stable through 2013.
This is good news for seniors who are considering taking [...]

Financial Alternatives for Seniors

Some of the letters that we receive offer insights into seniors’ decision-making processes as they are considering their future finances.
“My husband and I are trying to decide how to proceed with our financial planning for our senior years. We are both 66 and in good health. My husband draws a pension from the Postal [...]

Strategies for Seniors to Maintain Their Financial Freedom

Senior citizens are increasingly researching options which will allow them to maintain their financial freedom and economic security throughout their senior years. Seniors have seen the values of their pensions decreased and their investments depreciated as the cost of living continues to rise. Retirees may investigate various available options which will allow them to keep [...]