• Changes to Reverse are Coming

    There are significant changes to the reverse mortgage (HECM - Home Equity Conversion Mortgage) coming on October 2, 2017. The government insured loan allowing homeowners 62 and over to access a portion of their equity will allow a smaller amount of equity to be tapped. That means that if you have been thinking about getting a reverse mortgage in order to eliminate your current mortgage payment, [...]

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    The Cost of Aging

    “After factoring in supplemental insurance premiums and other uninsured health costs, the average retiree only takes home 75% of his or her Social Security benefits, according to a new study from researchers at Tufts University and Boston College. The researchers also warn that they only analyzed medical expenses, citing a 2017 paper that concluded that housing costs, taxes, and [...]

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