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Turning a Reverse Mortgage into a Retirement Investment Tool
Making Your Money Last Most people think of reverse mortgages as just standalone loans. But some financial experts are seeing them as an investment strategy that lets people stay in their homes as they age.
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Update: Biden Administration Extends Eviction and Foreclosure Moratorium, Again
Coronavirus and Your Money Getting to work right after the inauguration ceremony was over, President Joe Biden included assistance for renters and homeowners among a slew of executive orders to help struggling Americans.
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Unconventional Mortgage Loans Are Making a Comeback
loans Lenders are making it easier to get loans, but a repeat of the housing crisis isn’t in the cards.
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Reverse Mortgages That Work
reverse mortgages A path to provide retirees with financial flexibility and security.
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Why Reverse Mortgages are Worth a Look
real estate Once an expensive and risky strategy, tapping your home equity might now be a smart retirement planning move.
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Reverse Mortgage Borrowers Face New Financial Test
Making Your Money Last For the first time, borrowers will have to prove they can handle the ongoing property costs to qualify for a reverse mortgage.
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Tighter Rules on Reverse Mortgages
retirement Borrowers face higher costs and lower loan amounts. And soon borrowers will have to pass a financial assessment, too.
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Borrowing From Your 401(k) to Finance a Home
401(k)s "I don't have enough savings for a down payment on a house. Should I borrow from my 401(k) plan?"
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Underwater on a Reverse Mortgage?
real estate You probably won't owe more than the value of the house when the loan is due.
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