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Showing posts from October, 2009

A RESPONSE TO THE ARTICLE "BEWARE OF REVERSE MORTGAGES"

http://www.reversereview.com/opinion/619-a-response-to-parade-magazines-article-qbeware-of-reverse-mortgagesq

SENIORS SHOULD RE-THINK UN-RETIRING AND CONSIDER ALTERNATIVES: REVERSE MORTGAGES

It seems that larger-than-anticipated bills and smaller-than anticipated savings are driving seniors out of retirement and back into the work force.   Increased traffic at Robert Skladany’s website,  www.retirementjobs.com , is just one indicator of this sudden influx. Mr. Skladany says that the number of people coming out of retirement to re-enter the workforce has roughly doubled in the past year. Additionally, there has also been an increase in the number of unemployed job seekers over the age of 50 who do not consider themselves “retired”. Furthermore, older workers are delaying their retirement dates as due to the decreasing values of their 401(K) accounts. According to a new study by MetLife, current workers between the ages of 55 and 65 expect to keep working until they are 70 while workers over the age of 66 anticipate working until they are 76. Undoubtedly, the US job market is already weak. However, conditions are even worse for older jobseekers as is takes, on avera

Is your home too noisy?

So many seniors are being forced out of their homes.  Rising property taxes are difficult for all seniors but how about those seniors who have mortgage payments to worry about?  For some, leaving a home they've lived in their whole life is just not practical. Well the solution for their mortgage payments may lie in a reverse mortgage,  something that I will get to in future posts.  For now,  I would like to focus on "quality of life" issues.  One being living in home with high noise levels. That is why I am linking to my friends website  http://www.tmsoundproofing.com  . He provides almost anything one would need to soundproof a home or apartment.  For example,  you can try his guides at  http://www.tmsoundproofing.com/store/pages.php?pageid=21  or check out his October special at  http://www.tmsoundproofing.com/store/pages.php?pageid=17  . Whatever you can do to enhance your quality of life, especially if you are a senior citizen is so very important.

Sam in Reverse

Welcome to my Blog. This blog is a place where I will discuss reverse mortgages. A reverse mortgage is something that is hardly understood by most people. I am looking forward to the opportunity to explain this complicated product called "Reverse Mortgage." I welcome your comments and questions.