The Best Reverse Mortgages

Tighter rules for reverse mortgages are coming soon.  Now that Congress has given FHA the authority the make changes to the program, FHA is implementing new procedures to help strengthen the program for the future.  Read the Wall Street Journal article at:  http://online.wsj.com/article/SB10001424127887323608504579023100143165032.html?KEYWORDS=reverse+mortgage

Home prices continue to climb in the second quarter of this year.  The National index grew 7.1% in the second quarter and 10.1% compared to the second quarter last year.  Read the entire article at:  http://reversemortgagedaily.com/2013/08/28/home-prices-continue-to-climb-in-june-up-10-in-q2/?utm_source=Reverse+Mortgage+Daily&utm_campaign=05cf4eb49a-RMD_Daily_Email_8_29_138_28_2013&utm_medium=email&utm_term=0_48b4357284-05cf4eb49a-21285  

Home values continue to increase each month year over year.  A recent article published by Zillow indicates that July 2013 home prices rose 6% over July 2012 values.  That marks the highest annual gain since 2006. Click here to read the entire article:   http://reversemortgagedaily.com/2013/08/20/july-home-prices-reach-highest-annual-increase-since-2006/?utm_source=Reverse+Mortgage+Daily&utm_medium=email&utm_campaign=a1bc9d870b-RMD_Daily_Email_8_21_138_20_2013&utm_term=0_48b4357284-a1bc9d870b-21285

A recent article by Fox Business News discusses a new trend for retiring baby boomers and where they are relocating.  Read the entire article here:   http://www.foxbusiness.com/personal-finance/2013/08/19/retiring-to-city-consider-this-first/

A recent survey published by Bankrate, shows that Americans are still not saving enough for retirement.  Read the article here at:  http://reversemortgagedaily.com/2013/08/20/post-recession-americans-still-not-saving-for-retirement/?utm_source=Reverse+Mortgage+Daily&utm_medium=email&utm_campaign=a1bc9d870b-RMD_Daily_Email_8_21_138_20_2013&utm_term=0_48b4357284-a1bc9d870b-21285

It's great to see that the Wall Street Journal published an objective article on the reverse mortgage program. Far too many times, mainstream media publishes inaccurate and misleading information on reverse mortgages.  The Wall Street Journal gave the reverse mortgage program much needed support.  In addition, it emphasized the importance for CPA's and financial planners to listen up and use the reverse mortgage as a financial retirement tool.  Read the entire article at:   http://reversemortgagedaily.com/2013/08/18/wall-street-journal-reverse-mortgages-can-help-a-wide-array-of-retirees/?utm_source=Reverse+Mortgage+Daily&utm_medium=email&utm_campaign=9e496ba51b-rmd_daily_email_8_19_138_18_2013&utm_term=0_48b4357284-9e496ba51b-21285

Should you pay off your mortgage?  It is a question that many wonder about.  Recently, an article in MarketWatch posed this question and gave its reasons for and against.  The final outcome:  it depends. However, there are some good points that were made for varying situations and you can read the entire article at: http://www.marketwatch.com/story/should-you-pay-off-your-mortgage-2013-08-14?pagenumber=2