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The Federal Reserve’s Rate Reduction: What It Means for Your Reverse Mortgage
As you may have heard, the Federal Reserve is expected to reduce interest rates by 0.25% next month. This change is part of a trend that may continue into 2025, and it could be great news if you’re considering a reverse mortgage. But what does this mean for you? Let’s break it down. What Is…
Read MoreFinancial Difficulties Widows Encounter
It is crucial to acknowledge the pressing financial difficulties widows encounter, especially as they age. The numbers paint a concerning picture: presently, 20% of women over 65 are grappling with poverty, with a significant portion being single and relying solely on social security payments. Furthermore, the longevity gender gap compounds the issue, as 50% of…
Read MoreUnlocking Home Equity: The Imperative Role of Reverse Mortgages in Financial Planning
The prevailing tendency among financial services professionals to overlook the integration of home equity planning or reverse mortgages into their practices is, in my perspective, a notable shortcoming. The omission of home equity and reverse mortgages from the financial planning process arguably stands out as the most significant failure within the current state of the…
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