reverse dollar cost averaging: Deciding Whether or Not to Get a Reverse Mortgage - 10/14/14 01:22 AM
Deciding Whether or Not to Get a Reverse Mortgage: Educate Yourself on the Program Before Making a Decision
An article recently published by Buffalo News, titled "Avoid Reverse Mortgage Regrets," begins detailing the regrets past and present borrower have felt because they did not fully understand the reverse mortgage program.
In truth, many borrowers still don't understand the reverse mortgage, despite the recent changes through the past years, choosing instead to listen to advice of their neighbor who knew someone who had a reverse mortgage and was not happy with it.
Because of this, the first thing I make clear to my potential … (5 comments)

reverse dollar cost averaging: Do You Retire with a Forward Mortgage or Get a Reverse Mortgage? - 10/04/13 12:47 AM
Do You Retire with a Forward Mortgage or Get a Reverse Mortgage?
Despite the recent changes, the reverse mortgage program will continue to be a beneficial program for the growing baby boomer generation as well as future borrowers. In fact, the new, consolidated reverse mortgage will bring the program back to basics, providing a secure retirement planning tool for retirees who want to age in place with an extra boost of cash flow for the proverbial "rainy day."
Financial Planner, Michael Kitces, is in firm agreement: 
“…while reverse mortgages have typically been viewed primarily as a ‘loan of last resort for those who … (2 comments)

reverse dollar cost averaging: A Potential Solution to Reverse Dollar Cost Averaging... - 07/16/13 06:02 AM
A Potential Solution to Reverse Dollar Cost Averaging...
...Is a "Standby" Reverse Mortgage
Investing in anything (stocks, bonds, real estate) has its peaks and valleys. One strategy used to save up for retirement during your accumulation, or working, years is dollar cost averaging.
Dollar cost averaging means you invest a set amount of money into the same investment portfolio for a set amount of time. For example, $100 every month for 3 years into Wal-Mart stock. This investment allows you the flexibility to buy MORE units when the market is DOWN (because stocks are worth less) and buy LESS of those same units when the market is UP (because … (0 comments)

 
Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas (PS Mortgage Lending 305-791-4874 or 888-845-6630) Rainmaker large

Phil Stevenson, CRMP

"Mortgage Nerd" in Miami, Florida and Texas

Miami, FL

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PS Mortgage Lending 305-791-4874 or 888-845-6630

Address: 14100 Palmetto Frontage Rd Ste 104, Miami Lakes, FL, 33016

Office: (888) 845-6630

Office: (305) 791-4874

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