The Dilemma of Senior Divorce
https://www.youtube.com/watch?v=zpJGG20iI3w&list=PL7Kmut-pO7RjKF6SYIBuS_WmFASqlluPi&index=15 While the overall divorce rate is going down, the “late-in-life” divorce rate is on the rise. In fact, the so-called “grey and silver” divorce rate is the fastest growing segment in America. But what makes senior divorce more complicated is the division of assets accumulated over many years [...]
Realtors, Builders & Reverse Mortgages
Each day 10,000 people turn 62... and 46% will move during their golden years. If you’re a realtor or a builder, that presents you with a tremendous opportunity to expand your business in this untapped market. But with the prices of homes and building materials at historic highs, how do you get a potential [...]
Children of Senior Homeowners
https://www.youtube.com/watch?v=88jbR7VsjO4&list=PL7Kmut-pO7RjKF6SYIBuS_WmFASqlluPi&index=12 As a child of a senior homeowner, you have a growing concern about your parents as they age. One issue is that the configuration of your parents’ home may no longer meet their needs at this stage in their lives. So, what are your alternatives? Your parents could move in with you, [...]
Buying a New Home Using a Reverse Mortgage
https://www.youtube.com/watch?v=QwJOE_3Hj_0&list=PL7Kmut-pO7RjKF6SYIBuS_WmFASqlluPi&index=10 You’re a senior and you’ve discovered that your current home is no longer meeting your needs. You’d love to move to make life easier, but with home prices reaching historic highs, you simply can’t afford it. Fortunately, there is a way to double your purchasing power and move into a newer home [...]
Financial Advisors and the Reverse Mortgage Line of Credit Strategy
https://www.youtube.com/watch?v=REh-1Dn2qRo&list=PL7Kmut-pO7RjKF6SYIBuS_WmFASqlluPi&index=5 As a financial advisor, you may be overlooking a significant planning tool… a reverse mortgage line of credit. The government regulated and insured FHA Home Equity Conversion Mortgage or HECM is designed to help seniors of every economic stratum. As recent peer reviewed studies conclude, it can be an important strategic tool to [...]
The Effects of Inflation on Retirement
https://www.youtube.com/watch?v=xdUG6SqITxg&list=PL7Kmut-pO7RjKF6SYIBuS_WmFASqlluPi&index=7 You’ve probably seen the headlines about inflation and how it is increasing the price we pay for everyday items like gasoline, food, and healthcare. But have you considered the impact inflation is having on your retirement savings? Social Security uses inflation as a benchmark to determine the cost-of-living adjustments it makes to [...]
HECM for Purchase
https://www.youtube.com/watch?v=yJSYISuoMog&list=PL7Kmut-pO7RjKF6SYIBuS_WmFASqlluPi&index=6 Are you a senior homeowner that feels your home no longer fits your needs? You don’t need the additional family space anymore, and maintaining a large home is expensive and can be a drain on your time and resources. It might be time to downsize and move into a one-story home or [...]
Reverse Mortgages & The Sandwich Generation
https://www.youtube.com/watch?v=XbtgJd3d0y8&list=PL7Kmut-pO7RjKF6SYIBuS_WmFASqlluPi&index=8 If you’re part of the “Sandwich Generation”, meaning your parents are over 65 and you’re raising your own children, you face a difficult choice. You’re trying to balance the funding needs of your own family against the worry that your parents’ savings won’t be enough to cover their living or health care [...]