Category Archives: Retiring Wise
One Reverse Mortgage @ The 2010 Baby Boomer Lifestyle Expo
Come meet with One Reverse Mortgage at the 2010 Baby Boomer Lifestyle Expo at the Portland Expo Center.
Meet with Retiring Wise writer and One Reverse Mortgage Project Manager Tracey Cox and our friendly One Reverse Mortgage Experts. They’ll be ready to answer your questions and provide you with the tool you’re looking for to [...]
Care Giving starts with Conversation
I was fortunate enough to travel to our great nation’s capital this week to meet with other individuals who market consumer products and services to either baby boomers or their parents. Our goal of this meeting was to talk about the industry of “care giving” and ways we can connect with this audience [...]
Ameriprise: Homeowner’s Insurance – Are you paying too much?
Making sure you have a solid homeowner’s insurance policy is key to securing one of your most important investments. But so is making sure you aren’t over paying for it, either.
One Reverse Mortgage’s parent company, Quicken Loans, has partnered with Ameriprise Auto & Home Insurance(*) who is offering One Reverse Mortgage’s clients the [...]
New Government Actions May Dramatically Lower the Amount of Cash You Can Receive From a Reverse Mortgage
The U.S. Government is currently working on a new HUD Appropriations Act that will require HUD to decrease the total amount of cash homeowners will be able to access through a reverse mortgage. These changes are likely to occur on October 1, 2009. If you are already in process with us, and your application [...]
Seattle Times: Reverse Mortgage schemes knocking on seniors’ doors
I ran across a beautifully written article in the Seattle Times today about Reverse Mortgages. The biggest threat to this industry are the lenders that are out there taking advantage of cash strapped, home rich seniors for their own benefit as opposed to the benefit to the senior.
The easiest way to tell if it [...]
Philly.com – Reverse mortgages jump into high gear
Philly.com has published an online article about the growth in the Reverse Mortgage sector.
What if I just need a little money?
There are a lot of people for whom the decision to get a Reverse Mortgage is a simple one. They have a large mortgage balance on their property, maybe some additional debt, and the Reverse Mortgage can take all those payments away from them and allow them to live mortgage free for the rest [...]
Should I buy an annuity with my reverse mortgage funds?
My clients often ask me how they should invest the loan proceeds available to them from the Reverse Mortgage and more specifically, whether or not they should purchase an annuity. I wanted to take a minute to talk about loan proceeds and why the answer to that question is always no.
An annuity is basically [...]
How Should I take My Money (part 3) – Monthly Payment Option
This is the third part of a three part series on the payout options in regards to a Reverse Mortgage. In the last two posts we addressed the two most common ways to receive loan proceeds from a reverse mortgage, the line of credit (LOC) and the lump sum payment. Today we are [...]
How Should I take My Money (part 2) – Lump Sum
Welcome to part two of our three part series on how you can take the proceeds of a reverse mortgage. Last time we discussed the LOC (Line of Credit) option and how that can be used to grow your proceeds over time. That being said, some people will need to access the [...]