Tag Archives: reverse mortgage

Should you get a reverse mortgage? Avoid the scams first For people aged 62 and up, a reverse mortgage may seem like a tantalizing opportunity. After decades of sending in your monthly mortgage payments, you’re now getting money from your bank. A reverse mortgage siphons off the equity in your hom...

Nine years after the housing bust, near retirees still hurting If you’re close to retirement and still feel like you’re recovering from the housing bust, you’re not alone. A recent report from the Center for Retirement Research shows that nearly 40 percent of all households ages 55 and over ha...

Most working households have just a few thousand dollars saved up for their golden years. It’s not much better for those close to retirement. Their median retirement income is just $12,000, according to the National Institute on Retirement Security’s report. The lack of savings has left many ret...