Benefits of a Florida Reverse Mortgage

The pros and cons of are reverse mortgage are numerous reversemortgageflorida.net looks at 5 potential benefits

5 Potential Uses For A Florida Reverse Mortgage -

Many Seniors Find That Reverse Mortgage in Florida Can Provide Several Key Benefits Sometimes it helps in the decision making about reverse mortgages if an individual considering the loan has some ide

HUD/U.S.

This New Study Shows Why All Public Housing Should Be Smoke-Free

Are there different types of reverse mortgages? > Consumer Financial Protection Bureau

Yes. Most reverse mortgages today are insured by the Federal Housing Administration (FHA), as part of its Home Equity Conversion Mortgage (HECM) program. If you apply for a HECM loan, you can choose f

Older Homeowners Saw $170B Increase in Home Equity Last Quarter

Home equity controlled by U.S. homeowners aged 62 and up reached $6.2 trillion in the fourth quarter of 2016 according to data from the National Reverse Mortgage Lenders Association, a gain of 2.8% fr

$110 Million Wells Fargo Payout Could Put Money in Your Pocket

If Wells Fargo charged you fees for accounts you never authorized, you’re set to get your money back. Wells Fargo agreed Tuesday to a $110 million settlement in a class-action…

Better Check Your Balance: Crooks Targeting ATMs

Consumers have a new reason to check their bank accounts for fraudulent charges. On Wednesday, FICO reported the number of debit cards compromised at ATMs and merchant devices in this…

Get Government Out of Reverse Mortgages, Commentator Says

The Department of Housing and Urban Development should not be in the business of insuring reverse mortgages, a Heritage Foundation researcher claimed in a commentary piece published Tuesday. Writing f

Mortgage Rates Wednesday, March 29: Bouncing Higher

Mortgage rates for 30- and 15-year fixed loans, as well as 5/1 ARMs, all bounced a bit higher today, according to a NerdWallet survey of current mortgage rates published by national lenders&

What to Buy (and Skip) in April

While April’s showers prep flowers for May, you can get ready for spring cleaning, taxes and more with sales. Take advantage of this month’s discounts and avoid the duds with…

Victim of ‘Divorce Season’? Protect Your Finances

Like rainy weather and the NCAA championships, divorce is seasonal. That’s according to University of Washington researchers who reviewed 14 years of the state’s divorce filings

Mixing Up These Student Loan Terms Could Cost You

If you have student debt, you don’t have to go looking for confusing jargon — it’s built right into the system. Take student loan refinance and student loan consolidation. These&hell

Tale of Three Servicers: Nationstar Rising, Walter Struggling, Ocwen Rebounding

Followers of publicly traded mortgage servicers might be coming down with a case of whiplash over the last few weeks. Walter Investment Management Corporation (NYSE: WAC) experienced massive losses fo

Tale of Three Servicers: Nationstar Rising, Walter Struggling, Ocwen Rebounding

Followers of publicly traded mortgage servicers might be coming down with a case of whiplash over the last few weeks. Walter Investment Management Corporation (NYSE: WAC) experienced massive losses fo

Tale of Three Servicers: Nationstar Rising, Walter Struggling, Ocwen Rebounding

Followers of publicly traded mortgage servicers might be coming down with a case of whiplash over the last few weeks. Walter Investment Management Corporation (NYSE: WAC) experienced massive losses fo

Tale of Three Servicers: Nationstar Rising, Walter Struggling, Ocwen Rebounding

Followers of publicly traded mortgage servicers might be coming down with a case of whiplash over the last few weeks. Walter Investment Management Corporation (NYSE: WAC) experienced massive losses fo

Tale of Three Servicers: Nationstar Rising, Walter Struggling, Ocwen Rebounding

Followers of publicly traded mortgage servicers might be coming down with a case of whiplash over the last few weeks. Walter Investment Management Corporation (NYSE: WAC) experienced massive losses fo

Outsmart Debt Like a Mom

Being a mom is hard work; being in debt makes it even more difficult. And tackling that debt while juggling other family responsibilities can feel impossible. Where do you start?…

Deductions Aren’t the Only Way to Save on Real Estate Taxes

By Bill Brown Learn more about Bill on NerdWallet’s Ask an Advisor The mortgage interest deduction and the state and local property tax deduction are probably the best-known tax incentives&helli

Consumers Like Reverse Mortgages Better When They’re Called Something Else

Shakespeare once asked his audiences if a rose by any other name would smell as sweet. The National Council on Aging recently asked focus groups of consumers and financial planners if a reverse mortga

SelfScore Launches Rewards Card for International Students in US

A year after it began offering credit cards to eligible international students, alternative lending company SelfScore is increasing its portfolio of financial products. On Tuesday, it’s rol

Mortgage Rates Tuesday, March 28: Steady Decline

Mortgage rates today for 30- and 15-year fixed loans dropped by 2 basis points, while 5/1 ARMs fell by 1 basis point, according to a NerdWallet survey of mortgage rates published by nat

Black America’s New Retirement Issue

The retirement issues facing black Americans can’t necessarily be lumped together for many reasons – there are high- and low-income blacks, and there are recent immigrants as well as longs

Ocwen Reaches Deal to Emerge from Independent Monitoring in NY

Ocwen Financial Corporation (NYSE: OCN) announced late Monday that it had struck a deal with with the New York Department of Financial Services to free it from the thumb of a mandatory third-party mon

Obscure Regulation Halts Reverse Mortgages, FHA Lending in Some Towns

Thanks to the abrupt enforcement of a decades-old regulation that the Federal Housing Administration had seemingly ignored, consumers looking to buy homes or take out reverse mortgages in some 55+ com

The Benefits of Late-career Job Changes

Finding a new job in one’s 50s is not that easy to pull off, and it’s risky if the new employer doesn’t work out.  But there’s a silver lining for people who can make the

Students Get Curious About Retiring

“I thought I was going to live forever.” “I would’ve probably put more money away for later years.” “I was a stay-at-home mom for 17 years, and I didn’t r

A Modest Victory in Financial Education

With so many Americans in the dark about how to prepare for retirement, educating them about why it’s critical to save seems an obvious way to tackle this problem. But very few solid studies pro

1 in 3 Can Barely Afford Medical Care

More Americans have health insurance, but they’ve also become increasingly worried over the past two years about how to pay for every aspect of their medical care. While the majority of insured

Get Dental Work Before You Retire

Caps, gum surgeries, implants, dental exotica – all kinds of things can and do go wrong in retirees’ mouths. But dental coverage also drops sharply for older Americans, because when peopl

Long-term Care on a Boxed-wine Budget

The dangers of isolation in old age, the quest for a nice nursing home on “a boxed-wine wallet” – Annabelle Gurwitch approaches these issues with humor in a PBS NewsHour video that

Retirement, Saving and Your Taxes

Just one in four of the low-income workers eligible for the federal tax credit for retirement saving are even aware that it exists. The IRS, as I said in a previous blog, practically “gives mon

In the Dark about Retirement?

There’s new evidence to remind us that nothing much changes: we are still baffled by our DIY retirement system. And no wonder! First, saving must start at a young age, when retirement is an ab

Some Insured Workers Delay Healthcare

Stark differences are emerging in the ways that workers, depending on how much they earn, are using the medical services covered by their employer health plans. While higher-income workers gravitate

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