A recent AARP study shows that 26% of people they surveyed were finding it more difficult to pay their mortgage or rent, and 66% found it more difficult to pay for food, gas and medicine.
The recent AARP study, “The Economic Slowdown’s Impact on Middle Aged and Older Americans” by Jeffery Love, Ph.D. and Woelfel Research, […]

Lately I have read a few articles that confirm a belief that I have held for a while.   At any age, unexpected health care costs can derail a person’s finances.  As we get older, however, health care and our finances are increasingly delicate issues.  “Health or Disability” was cited as a reason for looking into […]

HUD issued a mortgagee letter to lenders and borrowers attempting to clarify a few things regarding fixed rate Reverse mortgages. Below is a copy of the letter.
This Mortgagee Letter provides guidance to FHA-approved lenders choosing to offer a fixed
interest rate Home Equity Conversion Mortgage (HECM). Specifically, this Mortgagee Letter
clarifies and reminds lenders that:
• Fixed interest rate […]