ARCHIVED BLOG POSTS
2013
Counseling Appointments for HECM Loans Become Scarce... As September 28 Deadline Approaches HECM Loan counseling is a crucial component of obtaining a reverse mortgage. It ensures that applicants completely understand the in's and out's of the program and are fully aware of what is expected of th...
09/20/2013
12
Comments
Who Will Care for Baby Boomers in the Future? Times continue to change for baby boomers--and not just in terms of when they will retire and how they will pay for it--but also about who will care for them in their 70s and 80s. A recent study, conducted by the AARP, documented the "caregiver suppo...
09/20/2013
5
Comments
Adapting to Market Changes...and Life Adapting to any given situation is essential for survival. Like many of us, I had to adapt during the 2007-2009 recession or perish like the rest of them. It's not so much a choice anymore when financial burdens are breathing down your neck but it's also an i...
09/19/2013
2
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Does Less Money Mean Less Problems? The changes to the reverse mortgage program are becoming a reality. By the end of September, the reverse mortgage program (as we know it) will be gone, and with it, the old principal limit factors. According to an article in Reverse Mortgage Daily, the new prin...
09/19/2013
Baby Boomers...Living Longer, Not Necessarily Healthier Baby boomers have something else to worry about: their health. On top of depleting government resources, low cash flow, and increasing longevity, baby boomers are now are now more likely to suffer from high blood pressure, high cholesterol a...
09/18/2013
0
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Your Home's Best Kept Secret... A Reverse Mortgage Who knew your home was guarding a secret? A secret that can mean the difference between a comfortable retirement and a less-than-perfect retirement? In truth, your house has been less than honest with you and it's time to take full of advantage o...
09/18/2013
0
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Bliz reminds us of a very important lesson...don't blog just to rant, blog to inform and always, always keep a positive outlook, no matter how the day is going. It's definitely something we should keep in the back of our mind whenever we feel the need to write a rant-y post...less is always more....
09/17/2013
4
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Baby Boomers are Prepared to Die... But...are they prepared to retire? It sounds morbid, I know, but I think it's important to know that baby boomers are, currently, five times more prepared for their passing than their retirement. According to a new Bankers Life and Casualty Company Center for ...
09/17/2013
In The Broker Business, Nothing is Ever Boring According to an article publiushed by Mortgage Professional America, "Major Lender Closing Broker Channel," EverBank, is closing its wholesale broker lending channel in order to focus on correspondent and consumer-direct business. The decision will e...
09/17/2013
There is No "Magic Number" in Retirement Planning What is the magic number? When will I get to the magic number? Is there even a magic number? What am I talking about? The amount of money you will need in order to retire comfortably. The truth is, I don't think there is one. I don't think there e...
09/16/2013
Rainmaker
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Phil Stevenson, CRMP
"Mortgage Nerd" in Miami, Florida and Texas