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Articles from Chris Beard | Selfgrowth.com
- Are Reverse Mortgage’s Gaining Momentum as a Financial Planning Tool? - by Submitted on Jul 30, 2012 from Chris BeardWhen reverse mortgages were first introduced back in 1961 they were initially designed for cash strapped seniors to tap into home equity to supplement retirement income and many still continue in this philosophy. However, Realtors, Elder Care Attorneys and even Financial Planners are endorsing ...
Views: 2267 - Why Whole Life May be a Better Choice for Seniors over Term Life - by Submitted on Mar 20, 2013 from Chris BeardSeniors who have yet to put insurance into their retirement plan may find that a small amounts of whole life is the best option for protecting a spouse or providing final expenses after they are gone. While many people may have already purchased some form of term policy for the protection of a ...
Views: 1986 - Advantages and Disadvantages of Reverse Mortgages for Seniors - by Submitted on Mar 01, 2012 from Chris BeardA reverse mortgage funding senior’s retirement can be an excellent way to supplement a retirement plan. Advisors are able to meet with seniors and determine the most effective plan of action and which plan may be right for the seniors to fund the retirement years. The knowledge and education ...
Views: 1924(1 vote) - Are Reverse Mortgages Safe? - by Submitted on Feb 28, 2012 from Chris BeardThe first reverse mortgage was offered by Deering Savings & Loan of Maine in 1961 to a woman named Nellie Young the wife of the loan officer’s deceased football coach. Reverse Mortgages gained widespread recognition in 1988 when HUD administered and FHA Federal Housing Authority with the ...
Views: 1511 - How Does a Reverse Mortgage Work, and Can I Qualify? - by Submitted on Feb 28, 2012 from Chris BeardThere are a few requirements that need to be met, when someone is thinking about a reverse mortgage. This type of financial arrangement can help a senior come up with some extra monthly income. If you are wondering what the requirements are for the process, then you may want to find out how to ...
Views: 1439 - Paying For Senior HealthCare Today, What Are Your Options? - by Submitted on Feb 29, 2012 from Chris BeardAccording to a 2010 survey completed by MetLife Market found that the chief concern was about having enough steady income and reserves to cover expenses at retirement and the cost of senior health care, as reported by 32% of respondents surveyed. This is regardless of whether they plan to retire ...
Views: 1391 - 15 Reverse Mortgage Myths Revealed - by Submitted on Feb 29, 2012 from Chris BeardWhile reverse mortgage loans are becoming more popular there are still a number of fallacies about them that need to be cleared up. These misapprehensions are not the only ones you will find. The ones listed in this article however are the most prevalent. This article will focus on clearing up ...
Views: 1307 - Seniors Likely to Use Home Equity to fund Retirement with Reverse Mortgage in Coming Years - by Submitted on Mar 01, 2012 from Chris BeardCensus and aging reports indicate the population of American’s turning 65 has begun as of 2011 and will continue to skyrocket well into 2030. These baby boomers control approximately 77% of this nation’s wealth and much of this is in the form of home equity. This explosion is likely to wreak ...
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