The short answer is “yes”, but “no”. One of the concerns in dealing with senior homeowners who are getting a reverse mortgage is whether they can accurately assess this decision. Disregarding those with dementia or Alzheimer’s, some will still worry that most seniors, by virtue of being “elderly”, may not fully know what they are...Read More
From time to time one of our reverse mortgage borrowers is seeking a reverse mortgage to help support a spouse who has dementia or Alzheimer’s. These reverse mortgage funds are often used to hire home health care which enables the healthy spouse to get out of the house, buy groceries, run errands, and so forth. ...Read More
A study at Northwestern University in Chicago revealed that people who are in the music field benefit from better hearing as they age. This does not apply to rock performers and other musicians whose music is played with loud amplification. Apparently, those of us who do not spend a significant portion of our time in...Read More
You can if you’re like a lot of people with a fixed rate that’s higher than what you can get today. With rates holding steady at record lows, many buyers are getting some of the best long-term value that’s been available since Eisenhower was president. For those already in a home, the question is, “Is...Read More
Are you 65 and over? Do you know someone who is? Here are some quick facts about a major health issue facing seniors – the risk of serious injury leading to death. Women 65 and older are less likely to die from a fall than their male counterparts — men are over forty-percent likely to...Read More
The last time rates were this low, a Coke cost a nickel and Eisenhower was president. So, should you refinance? If your rate is anywhere above 5%, you can probably reap some substantial savings. Of course, there are costs with any refinance–attorney fees, title insurance, and more. But in most cases you an recoup that...Read More
Fannie Mae’s Homepath program offers buyers a once-in-a-generation home prices on foreclosed homes. But buying a foreclosed house can be an intimidating proposition. We can help you navigate your way to a house you perhaps couldn’t afford in another situation, with financing that’s at record lows. But Homepath isn’t for everyone. There’s more paperwork involved,...Read More
