Por: Forbes Business November 17, 2022
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
Forbes USA Business November 24, 2022
Nov. 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
Forbes USA Business November 19, 2022
Getty 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
CBS News USA Business October 13, 2022
Age, 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
CBS News USA Business October 11, 2022
Even 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
Forbes USA Business October 08, 2022
Don'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
MarketWatch USA Business October 01, 2022
That’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
Coco Austin, Ice-T's wife, defends bathing 6-year-old daughter in sink | Newsweek
CBS News USA Business September 26, 2022
There 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
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