Tag: Area Agency on Aging
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Imagine interest rates holding steady but higher than homeowners looking to refinance are comfortable with. They feel stuck and out of options. But what if high rates were actually a golden opportunity for senior homeowners? And why should the professionals that serve this population care? Read on to learn not only why high interest rates…
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It’s a heartbreaking reality that quietly plagues communities across the nation: many senior homeowners struggle to put enough food on the table, often choosing between groceries and keeping their long time home. If you are a professional working with older adults, you know this challenge all too well. But what if there was a way…
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Professionals who advise senior homeowners on their financial and estate strategies play an essential role in guiding informed decisions about home equity. For clients aged 62 and older, converting home equity through a reverse mortgage, most commonly done with a government-insured Home Equity Conversion Mortgage (HECM), is an increasingly and understandably acceptable option. Before a…