reverse mortgage ft lauderdale: So You Have a Reverse Mortgage… Now What Do You Do with Your Time? - 03/10/14 12:54 AM
So You Have a Reverse Mortgage…
Now What Do You Do with Your Time?
Many of the blog posts I write deal with how and why a borrower should get a reverse mortgage but, like the classical Disney movie, I rarely talk about what happens after "the happily ever after..."
Namely, what do you do with your time now that you have the ability to age in place without the stress of monthly mortgage payments?
ReverseFocus.com's Amara Rose has a few suggestions though, ensuring that seniors in retirement, who have decided not to return to the work force, still get to live an … (8 comments)

reverse mortgage ft lauderdale: Texans Get 12 Days... - 01/03/14 12:40 AM
Texans Get 12 Days...
The Lone Star state become the last state to allow its senior citizens the ability to purchase a home using a reverse mortgage when Proposition 5 was voted into a law in early November. The reverse purchase is expected to be available for senior homeowners during the first quarter of 2014, even when the bill went into effect on November 22 with a catch...lenders must include a "12-day disclose" at the closing of any reverse mortgage loan. This means a borrower has a 12-day period where they can opt not to move forward with the loan.
It's like … (4 comments)

reverse mortgage ft lauderdale: Three Sure Fire Ways to Ruin Your Retirement - 09/12/13 12:21 AM
Three Sure Fire Ways to Ruin Your Retirement
I've talked about ways to supplement your retirement before because, the fact of the matter is, Americans don't seem to care enough about planning or saving for retirement. I don't want to sound like a broken record but it's true. As much as we hear about it, there still seems to be a disconnect between the style of living retirees want to maintain and the amount they are saving to ensure they maintain that style of living. 
Having said that, there are sure fire ways to ruin your retirement. It seems impossible but … (0 comments)

reverse mortgage ft lauderdale: Techno Savvy, Business Forward - 09/11/13 07:56 AM
Techno Savvy, Business Forward
In order to continue to be on top of the game, we must adapt to the new changes, not just in the market, but in our personal lives as well. Technology is one of those personal changes that can end up benefiting, not just our business, but our lives in general as well.
In a blog post, Six Quick and Inexpensive Way to Turn Real Estate Technology Excuses into Solutions, Sam DeBord talks about relatively painless ways to get ahead of the curve and become a better agent.
Adjust Your Smart Phone Attitude. It seems incredible that … (2 comments)

reverse mortgage ft lauderdale: Happiness...It's a Daily Endeavor - 09/06/13 12:58 AM
Happiness...It's a Daily Endeavor
I admit it, I'm not always a shiny, happy person.
Does that mean I'm a grouch? No. I have my bad days just like anyone.
You know what I'm talking about...those days where you wake up on the wrong side of the bed. You're exhausted. You have a full day of work ahead of you. It's raining or snowing or hot. On top of all that, there's no coffee.
Exactly. 
However, I do try to have more good days than bad days. One site, however, is trying to be Happier, all day, every day. I have … (5 comments)

reverse mortgage ft lauderdale: How Does a Reverse Mortgage Line of Credit Grow? - 08/23/13 01:10 AM
How Does a Reverse Mortgage Line of Credit Grow?
The Home Equity Conversion Mortgage, or Reverse Mortgage is beneficial to older Americans looking for a way to supplement their fixed income during retirement or, to even plan ahead for their retirement. The fact of the matter is, not everyone retires 65, because the amount of money is less compared to retiring later in life.
However, you can apply for a reverse mortgage at the ripe age of 62, if you live in your primary residence and have enough equity in your home. If you are using a reverse mortgage to PLAN retirement, … (2 comments)

reverse mortgage ft lauderdale: Reverse Mortgages in Broward County, Florida - 08/22/13 02:50 AM
Reverse Mortgages in Broward County, Florida
Reverse mortgages, also known as Home Equity Conversion Mortgages (HECM), get a bad reputation for being the next subprime disaster waiting to happen. I beg to differ. The reverse mortgage is an available tool for homeowners, 62 years of age or older, which occupy the property as their primary residence.
What makes the reverse mortgage different from other mortgages? The borrower does not have to make monthly payments on the mortgage as the interest and service fees build up over time. Also, there is no income or credit requirement allowing those who own a home with equity, but have … (2 comments)

reverse mortgage ft lauderdale: The PATH (Act) to Hell is Paved With Good Intentions... - 07/27/13 06:44 AM
The PATH (Act) to Hell is Paved With Good Intentions...
It's not uncommon for a piece of legislation, which hopes to fix one problem, can create another. The Protecting American Taxpayers and Homeowners Act is just one of the most recent, especially where reverse mortgages are concerned.
The PATH Act, introduced by the House Financial Services Committee on July 18, seeks to:
Phase out Fannie Mae and Freddie Mac by the next five years and end their $200 billion taxpayer-funded bailout Increase competition by ending the dominion of the Federal Housing Administration  in the housing finance market Give consumers more mortgage program … (11 comments)