Sentences with phrase «older homeowners»

For older homeowners who have a lot more home equity, this sort of refinancing to pay off student loans might make sense under the right circumstances.

Older homeowners who want to move can't sell their houses, or can't sell them for enough to pay the big entrance fees required by the retirement communities.

Reverse Purchase allows older homeowners the ability to purchase a new principal residence with a Reverse Mortgage.

The program was designed to empower older homeowners with a financial tool to help them relocate to another geographical setting or closer to family.

And used correctly, reverse mortgages can help older homeowners get cash to pay for retirement.

For many older homeowners, paying off their mortgage prior to retirement is a priority that influences their mortgage loan decisions.

A Reverse Mortgage is a loan that enables older homeowners to convert a portion of their home equity into cash.

The area I target has a lot of older homeowners, so I make sure I give every conceivable way to contact me.

Older homeowners considering a reverse mortgage must get counseling from a government - approved agency.

Older homeowners looking for ways to raise current income may consider tapping into their home equity by using a reverse mortgage.

Reverse mortgages are a popular tool among older homeowners searching for additional sources of income.

Older homeowners tend to own for a few years longer; younger and first - time home buyers tend to own for a few years less.

This article provides some interesting data about why older homeowners ultimately decide to take out a reverse mortgage loan.

Still, only by being aware of the reverse mortgage pros and cons as well as all alternative options can older homeowners make a wise decision about reverse mortgages.

While previously this advice only applied to younger homeowners, it increasingly is affecting older homeowners, especially after the 2008 financial meltdown.

Older homeowners used to be happy to open the door.

A reverse mortgage is a loan that allows older homeowners to get cash now by giving up future equity in their home.

Older homeowners with higher property values qualify for the greatest loan proceeds.

Many older homeowners are choosing to seek information on reverse mortgages because they want to supplement their retirement income with their home equity.

There are techniques that can enable older homeowners to use their property to finance their lifestyle.

A growing number of general contractors are offering specialized services for older homeowners and those with special needs.

«We applaud HUD for undertaking the analysis required and re-engineering the HECM program to create options that will make it a viable solution for more older homeowners,» Peter Bell, President of the National Reverse Mortgage Lenders Association, said in a statement.

Hot Links Reverse Mortgages Older homeowners looking for ways to raise current income may consider tapping into their home equity by using a reverse mortgage.

These Jetsons - style cleaners deal with everyday dust, dirt and pet hair and are «suited for anyone who doesn't have time to clean, as well as older homeowners who can't vacuum anymore,» says Julie Gendron, domestic robot specialist at RobotShop Canada.

Reverse mortgages let older homeowners tap their home equity for a line of credit to pay living expenses.

Lancefield, of Duveneck, said that she sees a division between older homeowners and younger, wealthier families, who are in much more stressful economic situations.

Department for the Aging Commissioner Donna Corrado said, «A simple change in the income threshold for SCHE and DHE would make a world of difference to older homeowners struggling to make ends meet in New York City.

«Housing wealth provides older homeowners with an available source of funds to manage the costs of caregiving and other expenses incurred in the last third of life,» Bell said.

1 Housing Wealth for Older Homeowners Reaches $ 6.42 Trillion in Q2 2017.

Other older homeowners may desire to stay in their home because they want to pass on the property to their children.

Reverse Mortgages are designed to help older homeowners manage their retirement finances by allowing borrowers to convert a portion of their home equity into liquid assets.

Older homeowners also may desire a simplified layout that makes it easier to get around and requires less upkeep and maintenance.

Smart home technology supports independence, but is being under - utilized to help older homeowners improve their livability.

Clayton on the Park already has an upscale reputation that should draw older homeowners who live in the area, but who want a smaller place with services and lots of activities within walking distance, Timm says.

NCOA helps older homeowners understand reverse mortgages and other community living options.

According to the AARP, older homeowners prefer to age in place, meaning they want to live in their homes safely, independently and comfortably, despite age or ability level.

Mortgage delinquency rates have been shown to increase among much older homeowners, despite their tendency to hold higher credit scores than younger homeowners, according to recent research by FICO.

For younger more independent seniors in Encinitas, Solana Beach, Rancho Santa Fe, and the surrounding areas - we're happy to discuss some special tax advantages that downsizing older homeowners enjoy.

Demographic trends should continue to buoy the market over the next decade, with the rising tide of older homeowners accounting for more than three - quarters of projected growth.

The Home Equity Conversion Mortgage (HECM) reverse - mortgage program, which allows older homeowners to convert some or all of the equity in their homes into cash, ought to be a major policy tool for dealing with the crisis.

This is key, as many older homeowners who are looking to move don't want to be saddled with a new mortgage.

If you are a 68 year old homeowner with a $ 300,000 home, if you planned on waiting until after the summer so that you could get a little more appreciation or so that you would be within 6 months of your next birthday so you would get higher benefits, look at how these changes would affect you.

This consumer toolkit from the National Reverse Mortgage Lenders Association will help older homeowners consider whether their current home environment will best... more Choosing the Right Home Environment

For example, using the calculator on the National Reverse Mortgage Lenders Association website and rates in effect as of December 2013, a single 65 year old homeowner with a $ 300,000 home could get a reverse mortgage for up to $ 152,100.

Education Week is our industry's opportunity to introduce reverse mortgages to more older homeowners, their loved ones, and the professionals who serve them with free online education.

FHA Home Equity Conversion Mortgage Program For Senior Homeowners - The Home Equity Conversion Mortgage program enables older homeowners to withdraw some of the equity in their home in the form of monthly payments for a fixed term, or life, or in a lump sum, or through a line of credit.