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…

Unexpected Financial Emergencies Can Play Havoc in Retirement. Do You Have a Coping Strategy in Place?

As professionals who help people from all walks of life plan for retirement, Rajiv Nagaich and his team at AgingOptions deal with common questions almost all the time. One of the most frequently-voiced worries from retirees and those facing retirement involves financial emergencies and how to handle them, especially when living on a fixed income.…

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…

Senior housing will be a problem in the future.

Is a Reverse Mortgage Right for You? Here are 8 Factors to Consider

In recent years there has been no shortage of articles about the Home Equity Conversion Mortgage (HECM), better known as the reverse mortgage. At AgingOptions we read these articles with a great deal of interest, since questions about these powerful but misunderstood financial tools come up frequently in our LifePlanning Seminars and on our radio…

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…

Reverse Mortgage Could be One Solution to Sky-High Property Taxes

It has been called “a bombshell,” “a perfect storm” and “a tsunami.” No matter what you call it, it’s one of the leading topics of conversation here in the Puget Sound area where AgingOptions is based. What’s causing all this conversation and consternation? In two words, “property taxes” – or, more to the point, it’s…

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…