Reverse Mortgages are “Underutilized,” Forbes Magazine Reports, and They Deserve a Second Look

It’s always a puzzle to us when some people seem to have the solution to their financial problems in retirement right under their noses – yet they fail to take advantage of the situation. Whether out of fear, misinformation, or sheer inertia, they shy away from the one thing that seems perfectly suited to their…

Reverse mortgage illustration

It’s Not Just Seattle: U.S. Housing Market Sees “Dark Clouds,” Creating Potentially Ideal Conditions for a Reverse Mortgage

Just last week here on the AgingOptions blog, we wrote about some bad news for home sellers, and good news for home buyers, in this article recently printed in the Seattle Times.  “As sales plunge,” read the headline, “King County home inventory has biggest jump on record.” Now as we’ve dug more deeply into this…

Senior housing will be a problem in the future.

Considering a Reverse Mortgage? Softening Home Values and Rising Interest Rates Make This the Ideal Time to Act.

There was some bad news for home sellers, and good news for home buyers, in this article we read last week in the Seattle Times.  “As sales plunge,” read the headline, “King County home inventory has biggest jump on record.” For sellers and buyers alike, this increase in the number of homes for sale signals…

Reverse mortgage illustration

New from Kiplinger: Take This Quiz and See How Much You Know About Reverse Mortgages

So you think you know all there is to know about reverse mortgages? So did we, until we took this reverse mortgage quiz that we found in a just-published article from the  highly respected financial website Kiplinger. This quiz was written by well-known retirement writer Jamie Hopkins, Professor of Retirement Income Planning at the American…

Reverse Mortgages (HECM) are a way to get money for seniors from a house

Forbes Article Says Reverse Mortgages (HECM) are “Underutilized” – and Deserve a Second Look

Here at AgingOptions we’ve recognized for quite some time the fact that the home equity conversion mortgage – better known as an HECM or reverse mortgage – is a powerful financial tool which can be of great benefit to many qualifying senior homeowners. So we were intrigued when a column that appeared in late March…

WSJ: Reverse Mortgages Becoming “More Appealing” to Younger Retirees

When the Wall Street Journal talks, people tend to listen, and that certainly applies to a subject as frequently misunderstood as reverse mortgages. A year or so ago this article appeared in the pages of this authoritative financial paper, and we have to imagine that it caused a few skeptics to sit up and take…

This “Misunderstood” Financial Tool Could Mean Retirement Rescue

There’s a crisis looming in America when it comes to retirement. No doubt you’ve read the articles and heard the news stories about this oncoming tidal wave of challenges for retirees, especially aging boomers. We’ve written about this issue several times on the AgingOptions Blog. As baby boomers retire – now at the rate of…

MarketWatch: Home Equity Can’t Be Ignored in Retirement Planning

“With 77 percent of a retiree’s net worth locked in home equity it’s astonishing why so many financial planners ignore home equity when creating retirement plans.” So states this recent article we just discovered on the financial website MarketWatch.  Written by Denver-based reverse mortgage planner Peter Rueth, the article makes a compelling case that a…

CBS Calls Reverse Mortgage the “Rodney Dangerfield of Retirement”

Earlier this year, we ran across an article that we wanted to share again, because we think the premise is still valid. In spite of all its advantages, and an ever more robust set of legal safeguards, there are still millions of homeowners apparently unwilling (or too uninformed) to take advantage of one of the…