Home Equity & Senior Housing
Bob Carlson’s ideas and strategies for managing home equity and choice of housing to maintain a budget
Found 129 Articles.
Get access to our full article archive by subscribing to Retirement Watch and Retirement Watch Spotlight Series.
Examining Continuing Care Centers
A few years ago the rage in silver years’ housing was the continuing care community (CCC). Sales were soaring, and new projects were planned or popping up. As with other forms of real estate, the financial crisis damaged the finances of many CCCs and also reduced demand by dragging down the finances of many of […]
Benefiting from the New Reverse Mortgages
Reverse mortgages received several changes in the last six months or so. The changes make the mortgages more attractive in general and, unlike in the past, they can make some sense for relatively short-term cash needs. In a reverse mortgage, the homeowner with little or no mortgage on his home receives a loan. The loan […]
Changing World of Reverse Mortgages
There have been big changes in reverse mortgages in the last year. Unlike many areas of real estate and home financing, there is some good news. If you are an older homeowner looking for a steady source of income or a lump sum of cash, consider a reverse mortgage. But beware of the potential pitfalls […]
New Use for Reverse Mortgages
Congress snuck a new use of reverse mortgages into the Housing and Economic Recovery Act of 2008. Reverse mortgages traditionally are for people who already own homes and want to tap their equity. The new provision, known as HECM for Purchase, lets you use an insured reverse mortgage to buy a home. Here is how […]
SUBSCRIBE TO RETIREMENT WATCH SPOTLIGHT SERIES
In my new Retirement Watch Spotlight Series, I’ll share my newest breakthrough strategies for protecting your assets and growing your portfolio, including how to prepare for the next market downturn. Click here now to learn more.
Bailout Cash for Your Home
The government is encouraging you to upgrade your home. Undertake the right renovations, and the govern-ment will pay at least part of the cost through tax breaks. Some of the incentives are significant. The incentives are for energy efficient or renewable energy improvements and changes. Some of the incentives are new, and some are expansions […]
When It Pays to be a Landlord
The tight economy and housing markets have made a traditionally difficult question more difficult. When you no longer plan to use a house, should that old residence (or second home) be rented or sold? The question traditionally arises when someone decides to retire to a new area or after years of using two houses decides […]
Reverse Mortgages Coming of Age
Reverse mortgages are booming. The number of reverse mortgages issued is growing at a rapid rate (though the actual number still is fairly small), and mortgage options available are increasing. More options give older homeowners more potential benefits but also increase the potential to make mistakes. The industry’s preferred term for reverse mortgages is Home […]
The Revolution in Continuing Care Retirement Communities
There is a bit of a revolution taking place in continuing care retirement communities (CCRCs). The revolution will make it easier for people to enter the community of their choice, but it also is making some decisions more difficult. A continuing care retirement community offers the full range of senior living options on one campus […]
