only backgroundI'm a wife, mother and grandmother. I'm opinionated. I contradict myself frequently. Most of all, I love my kids. I believe in them. I fight for them. They're weird and wonderful. If you want to know more, here's a bunch of other stuff from my old site.
My husband just turned 50; I’m not far behind him. It’s kind of mind-boggling that he’s actually eligible for AARP membership. Retirement isn’t that far away now.
In about 6 years our house will be paid off. Amazing. Granted, we got a late start with home ownership so we opted for a 15-year loan. Last year we finally paid off our other piece of property so we have full equity in that now. It’s a comforting thought.
I’ve read a little about a Florida Reverse Mortgage and I’m wondering if that’s available here in my state. I know there are a lot of retirees in Florida so the market is probably better there for this type of financial product. Nevertheless, I’d be interested in learning more about it.
By the time Brian and I are 62, our home will be paid off. A reverse mortgage could afford us the opportunity to maintain our standard of living or even help with the increasing cost of health care as we age.
The Reverse Mortgage Calculator is a great tool for helping to think this through. I’m impressed with this site especially after finding their resources for avoiding reverse mortgage pitfalls. There is quite a bit of information there, a lot to absorb and think about, and I’m glad that it’s all in one place like that.
I’m under the impression that there will be no social security for my generation in another decade. I’m pretty certain that my kids will be struggling with their own families and trying to get by financially. The thing my husband and I have is our home and property; that’s what we’ll be depending upon in our later years. Reverse Mortgage may be the best option for us. It’s definitely worth a closer look.
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Wow, we’re eligible for AARP when we turn 50? I just turned 49 two days ago, so I’m almost there, too. I’m not sure whether to be happy about that or not! LOL
I’ve read and done some research on reverse mortgages and I think it’s a great option for people who have paid off their mortgage and want to live a comfortable life in retirement!
It’s looking more and more attractive to me. With two separate pieces of property, we can do a reverse on one without touching the other. That appeals to me.
This is something I’ve been interested in for a while. When I was a financial advisor it wasn’t something I ever ran a crossed actually, but it seems like it would be an interesting strategy for some who were hurting in the retirement bank account. I need to get my Financial blog going. Just too much stuff knocking around in my head that I should be posting about. Too little time…lol