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Reverse Mortgage May Affect Your Eligibilty for Federal Assistance
While reverse mortgages have been a gift for many seniors, the increase in income can adversely affect some the eligibility for many seniors looking to qualify for government assistance. This only make sense right? If your eligibility for Medicare was high with modest income, it should inversely shrink with the rise in income from a [...]
Advisory Issued On Mortgage, Florida Foreclosure Scams
TALLAHASSEE, FL – Attorney General Bill McCollum has issued a consumer advisory on mortgage fraud and foreclosure-related scams. Noting that Florida now ranks first in the nation for the number of home foreclosures, the Attorney General encouraged Floridians to educate themselves about the various types of mortgage fraud and learn about the foreclosure process to [...]
The Growing Link Between Reverse Mortgages and Long Term Care
In a study completed by the Brookings Institute we find that many seniors in or approaching retirment are ill equipped financially to provide for themselves financially and that long term care is indeed a luxury. Despite the estimated cost of paying for LTC services and the strain it puts on retirement savings, very few people [...]