Real estate blog entries tagged with reverse mortgages and the recession by Cherry Creek Mortgage

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Home : Blogs : Rick Kellow FHA & Reverse Mortgage Expert : Rick Kellow FHA & Reverse Mortgage Expert's Blog : Tag "reverse mortgages and the recession"

reverse mortgages and the recession: Reverse Mortgages and the Recession - 09/20/11 11:00 PM

According to a recent AARP study 31.6 percent of seniors have experienced a substantial decline in home values in the past three years, and a fourth have exhausted their personal savings. Overall, more than half of those surveyed age 50+ were not too or not at all confident that they will have enough money to live comfortably throughout their retirement years. One-third of respondents also mentioned that delaying retirement was an option they were considering while two out of five decided that they would likely work part-time during their retirement years. It’s unfortunate that many individuals in these situations consider working … (1 comments)

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Rick Kellow FHA & Reverse Mortgage Expert

West Bend, WI

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