Due to a lack of retirement savings, high interest rates, and stubborn inflation, the wheels have fallen off the proverbial retirement wagon. But all hope isn’t lost for those fortunate enough to own their home

These unexpected expenses can derail your retirement. Here's how to get ahead of them.

3 Reverse Mortgage Strategies Available to homeowners 62+ to take advantage of today.Put Your Hard Earned Home Equity to Work. At CDC Solutions, we help unlock the power of your home to enjoy retirement on your terms with family, friends, and the things you cherish most in life.

As we grow older, our housing needs and preferences often change/evolve. The family home that once fulfilled all our needs and still holds a lifetime of memories may begin to feel impractical or burdensome as our family sizes and physical needs change. This is where downsizing, “rightsizing,” or even a move to a more advantageous location is often the best alternative for many homeowners.

The Purchase Reverse Mortgage program was designed to allow seniors to purchase a new principal residence and obtain a reverse mortgage within a single transaction by eliminating the need for a second closing. The program was also designed to enable senior homeowners to relocate to other geographical areas to be closer to family members or downsize to homes that meet their physical needs, i.e., handrails, one-level properties, ramps, wider doorways, etc.

The complexion of the Reverse Mortgage industry has changed dramatically over the years. The FHA-Insured Reverse Mortgage is no longer considered a rescue device. Our typical borrower today is in their early 60’s, has excellent credit and upper level income. Discover the Benefits of a Reverse Mortgage today:

Interest rates are beginning to sneak back down AND last weeks exciting HUD announcement, "INCREASING THE HECM LOAN LIMIT”, will certainly make for new opportunities!. In addition, if you or someone you know applied for a reverse mortgage last year, the actual numbers may have not been favorable. The changes announced will undoubtedly bring about new benefits and would be worth your time to take a quick look.

One of the first things many people do when they inherit their parents’ home these days is put up a for-sale sign. Deciding what to do with a family property is often both an emotional and financial decision.

This Research-Backed Three-Word Rule Will Save You From a Whole Lot of Regrets.

While most people know something about traditional mortgages (also known as conventional mortgages), fewer understand reverse mortgages. In truth, the two financial vehicles have little in common.

FIRST TIME IN HISTORY HECM LIMIT REACHES $1M+. Now, in 2023, the new limit will be $1,089,300. This is an increase of $118,500!

The magic number to retire just went even higher. Americans now think their households will need at least $1.25 million to retire comfortably, a 20% jump from a year ago, according to a survey released Tuesday by financial services company Northwestern Mutual.

Childhood House, Forever Home 
Like many people, Ann wanted to remain in her home throughout her retirement. What makes her story unique is that her home was the same one she grew up in. 

Are we headed for a major market crash?

Are there things to consider like reverse mortgages to help weather eroding market conditions? Several experts weigh in with their advice…

Many consumers incorrectly believe that taking out a reverse mortgage means you’re transferring ownership of your house to a bank or lender, but this is not the case. You retain the title to your home. A reverse mortgage just allows you to tap into the equity you’ve built up in your home.

The decision to take out—or not take out—a Reverse Mortgage is a big one. Before you apply, it’s always a good idea to speak with a financial advisor to discuss your goals and options. In this article we discuss the Pros and Cons of a Reverse Mortgage

There’s a lot of bad information out there about reverse mortgages. Here are the most common myths, plus costs and what the application process looks like to find out if you qualify.

Home equity conversion mortgages, commonly known as HECMs, insured by the Federal Housing Administration and overseen by the Department of Housing and Urban Development, offer protections to borrowers that include: limits on how much borrowers can obtain, so seniors don’t opt for large lump-sum distributions they cannot afford; protection from default if the value of the home declines to less than the loan amount; and provisions that secure a surviving spouse’s right to remain in the home after the borrower’s death.

A reverse mortgage is a powerful financial tool that can help you in retirement. Here are the basics about reverse mortgages, how they function, who they are for, the pros and cons, and how the application process works.

Inflation is likely to worsen forcing many older Americans to become miserly or creative. With the Federal Reserve planning to enact a series of interest rate hikes, transforming mortgage debt into the asset of a loan with no required installment payments not only frees up much-needed cash each month, it allows the prudent to prepare for what may be one of the most tumultuous economic periods in American history.