Posts Tagged ‘ reverse mortgage ’

PROS AND CONS OF REVERSE MORTGAGES FOR SENIORS

Feb 11th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

What is a Reverse Mortgage? Reverse mortgages can be rather confusing for seniors. And they are designed uniquely for seniors. Consumer Reports says this about RMs: “A Reverse Mortgage is a popular but complex home loan just for senior homeowners. If you qualify for a Reverse Mortgage, you will not have to make monthly payments [...]



GUARANTEED INCOME PLANNING FOR SENIORS

Jan 29th, 2012 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

A recent discussion in a social situation brought some interesting considerations to light regarding senior citizen finances.  A group of seniors were talking about their needs for predictable guaranteed income, monthly sums they could depend on not influenced by the fluctuations of the stock market. Tens of thousands of senior citizens find themselves in this [...]