reverse mortgage alameda: How to Trade-Up (or Down) Using a Reverse Mortgage - 05/28/19 10:37 AM
 
Home prices in many markets have gone up recently.  This is leaving many retirees with sticker shock when it comes to trading up, or even trading down. 
Consider Anna and Olaf who are in the process of selling their $400,000 home.  They’ll be left with net proceeds of approx. $364,000 after paying 9% in sales expenses (transfer taxes, real estate commissions, etc.).  The new house they want to purchase costs $500,000, leaving them $136,000 short.
Option 1: sell or liquidate $136,000 worth of investments or retirement assets. They will need to “gross-up” the withdrawal to account for taxes if the funds … (1 comments)

reverse mortgage alameda: WHAT IS MORTGAGE PLANNING? - 04/30/18 06:56 AM

 
Mortgage Planning is the process of carefully evaluating your mortgage options and choosing the right mortgage strategies. Your mortgage is most often your single largest debt, and your home is most often your single largest financial investment.  That's why mortgage planning should not be a do-it-yourself endeavor, but rather a collaborative effort with your Certified Mortgage Planning Specialist (CMPS®).  Here's how the mortgage planning process works:
    STEP #1: OUR INITIAL CONVERSATION WILL FOCUS ON: What does your current housing and cash flow situation look like? What are your new housing and cash flow objectives? What large expenses should … (1 comments)