Home Equity & Senior Housing
Bob Carlson’s ideas and strategies for managing home equity and choice of housing to maintain a budget
Found 127 Articles.
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Deciding Where to Move in Retirement?
One of the myths about retirement is that people move to a new retirement location. Data indicate about 80% of people don’t move or don’t move very far after retiring or even later in retirement. But if you’re one of those considering a retirement or even a pre-retirement move, consider a new study. The authors […]
Changes in Reverse Mortgages
Over the years, reverse mortgages have grown in popularity among senior Americans. A reverse mortgage allows a homeowner age 62 or older to tap the equity in the home without having to make payments for as long as he or she lives in the home. The federal government guarantees most reverse mortgages that are made […]
Snap Up a Reverse Mortgage Now
So says the Mortgage Professor, Jack Guttentag, an emeritus finance professor at the Wharton School of the University of Pennsylvania. Guttentag’s main argument is that interest rates are so low that it’s a good idea to snap up the cash now. Low rates let you borrow more than you could borrow at higher rates. Guttentag […]
Where to Grow Older
Success in most things in life often can be accomplished largely on our own. But successful aging requires some help and a proper environment. You’ll find a lot of surveys of best places to retire. But the Milken Institute offers a unique approach with its Best Cities for Successful Aging. The institute set five goals […]
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Best Places to Retire
Most people, something like 80%, retire in or very close to the homes they lived in before retirement. Despite that, many media outlets and organizations like to publish lists of the best and worth places to retire. This post from Forbes highlights a survey from moneyrates.com. There are a lot of reasons to criticize the […]
Coming Changes in Reverse Mortgages
Reverse mortgages help older homeowners stay in their homes by letting them spend home equity without selling the homes or writing monthly repayment checks. The number of reverse mortgages issued increases each year, and most of those mortgages are insured by the FHA. If the banks or other lenders misprice the mortgages and lose money, […]
The Retirement Nomad Life
One way to live in retirement for at least a few years is to sell your home and most of your possessions and spend your time traveling, staying in one place for an extended period. The Wall Street Journal today has an article by a woman who’s living that way with her husband. They rent […]
Tips for Signing into a Nursing Home
When someone begins residence at a nursing home, a lot of documents need to be signed by the resident or someone acting on his or her behalf. More and more often, one of those documents is an arbitration or mediation agreement. In effect, the resident is signing away the right to take any disputes to […]
