Why You Should Pay Off Your Mortgage Before You Retire and What to Do if You Cant
Blog content updated on 11/4/2021 The number of retirees who carry a mortgage balance has grown substantially over the years. In fact, the 2019 Survey of Consumer Finances by the Federal Reserve found that 37.6% of households headed by people aged 65 to 74 had a mortgage on their primary residence. For those age 75 and […]
Five Unique Benefits of a Reverse Mortgage
What’s the key to a secure retirement? It may be the one that opens your front door. Times have changed for retirees. For many, the classic “three-legged stool” of retirement funding (Social Security, pensions, and savings) is no longer enough to pay for the kind of retirement lifestyle they’d like to live. That’s why today, […]