Nation
World
Politics
Sports
Business
Entertainment
Life
Tech
Science
Opinion
Crime
Health
Oddities

Why Retirees With Existing Mortgages Should Take A HECM Reverse Mortgage

Por: Forbes Business November 17, 2022

thumbnail

Retirees should pay off their existing mortgage with a reverse mortgagegetty About 60% of the homeowners reaching 62 today have outstanding mortgage balances, and most of them have limited financial assets. Such retirees, concerned (as most are) with having enough spendable funds during their retirement years, should take out a HECM reverse mortgage. This holds whether the HECM is used to pay off the existing mortgage or not. Yet less than 5% of... + full article



Similar News

Mortgage Demand Down Up To 88% From This Time Last Year

Forbes USA Business November 24, 2022

thumbnailNov. 17. (AP Photo/Nam Y. Huh)Copyright 2022 The Associated Press. All rights reserved. Key Takeaways Over the past few weeks mortgage demand has crept up slightly as mortgage rates have come down. Even so, the demand for refinancing has all but disappeared due to the higher... + más

Mortgage rates are at a 20-year high. Here's what that means for monthly payments. | ABC News

Real Estate Trends: Why Did Mortgage Rates Suddenly Drop? | Forbes


Real Estate Trends: Why Did Mortgage Rates Suddenly Drop?

Forbes USA Business November 19, 2022

thumbnailGetty Images Key Takeaways Mortgage rates have been rising since the start of 2022, thanks to the Federal Reserve raising interest rates to combat inflation. When a recent consumer price index report came in with lower-than-expected inflation, mortgage rates dropped, even though... + más

What is a good mortgage refinance rate? | CBS News

Today’s mortgage rates: 30-year rates dive below 7% | Fox Business


How much money can you get from a reverse mortgage?

CBS News USA Business October 13, 2022

thumbnailAge, home value and loan type are just a few of the factors that will influence how much you can get with a reverse mortgage. Getty Images/iStockphoto allow seniors to tap their home equity and turn it into cash. They can offer lump-sum payments, a line of credit (like a credit... + más

4 ways a reverse mortgage can help you | CBS News

What is a good mortgage refinance rate? | CBS News


What is a good mortgage refinance rate?

CBS News USA Business October 11, 2022

thumbnailEven with higher interest rates, refinancing a mortgage can still make sense. Getty Images In recent years, Americans have watched home mortgage interest rates plummet to historically low levels, prompting many homeowners to refinance their existing mortgage loans. These... + más

Today’s 20-, 30-year mortgage refinance rates dip back below 7% | Fox Business

Still time to save: 10- and 15-year mortgage refinance rates hold steady | Fox Business


Don’t Be Complacent During The “Critical Retirement Decision” Zone

Forbes USA Business October 08, 2022

thumbnailDon't ignore or put off critical decisions you face as you transition into retirement. getty As you transition into retirement, you face many important decisions that will impact your quality of life for the rest of your life. The trouble is, many people ignore or put off... + más

Hurricane Ian Reminds Us Of 3 Retirement Risks Few Consider | Forbes

Think retirement is out of reach? Here's what you need to know | Los Angeles Times


Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

MarketWatch USA Business October 01, 2022

thumbnailThat’s when a home equity conversion mortgage comes into play. Most people think of , as they’re commonly called, as the last-gasp attempt to stay in your house when you’ve run out of money in retirement. But even before they get into financial trouble, some seniors are... + más

4 ways a reverse mortgage can help you | CBS News

Coco Austin, Ice-T's wife, defends bathing 6-year-old daughter in sink | Newsweek


4 ways a reverse mortgage can help you

CBS News USA Business September 26, 2022

thumbnailThere are multiple benefits to taking out a reverse mortgage. Getty Images/iStockphoto A is a type of loan that pays you. Unlike a traditional mortgage, which requires you to make payments each month, with a , you're the one who gets paid — either with a one-time sum,... + más

Today’s 30-year mortgage refinance rates soar past 7% | Fox Business

Today’s mortgage rates: Shorter terms rest for sixth straight day | Fox Business



About iurex | Privacy Policy | Disclaimer |