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Some baby boomers are finding homeownership to be less beneficial
HousingWire via Yahoo Finance· 4 days agoThe New York Times profiled challenges faced by baby-boomer homeowners, questions whether ‘aging in...
What are the potential home equity and tax strategies for wealthy seniors?
HousingWire via Yahoo Finance· 2 days agoSeniors could choose to employ home equity through a reverse mortgage or other equity-tapping...
U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’...
Fortune via AOL· 15 hours agoAs U.S. citizens swiped their credit cards, took on bumper loans, and applied for mega-mortgages...
HUD walks back some proposed changes to HECM for Purchase program - HousingWire
HousingWire· 7 hours agoThe U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change to the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program ...
Worried About Assisted Living Costs? Here Are Your Options
SmartAsset via Yahoo Finance· 11 hours agoLong-term care in residential facilities like nursing homes is a financial challenge for many. When...
FHA loans: Definition, requirements and limits
Bankrate via Yahoo Finance· 3 days agoThere’s no down payment requirement, but you have to have been affected by a Presidentially designated disaster. Home equity conversion mortgage (HECM):...
What is Home Equity?
Bankrate via Yahoo Finance· 3 days agoYou can use these funds for any purpose. Unlike a HELOC or home equity loan, a cash-out refi might allow you to get a lower rate on your main mortgage,...
What Can I Do About My Brother Living in My Mother’s House and Not Paying Expenses?
TheStreet.com· 3 days agoNavigating familial and legal complexities amidst caregiving duties for a mother in a skilled nursing facility, Harry S. Margolis provides insights into potential actions regarding a
Cash-out refinance: What it is and how it works
Bankrate via Yahoo Finance· 4 days agoReverse mortgage: A reverse mortgage allows homeowners aged 62 and up to withdraw cash from their homes. The balance ...
Americans Are Starting to Feel Optimistic About Retirement Again: Survey
The State· 13 hours agoNearly 68% workers and 74% of retirees now express confidence they’ll have enough money to live comfortably throughout retirement. Results from a new retirement survey indicates that a majority ...