Fifty Plus Advocates

The big difference is you do not have to make monthly mortgage payments on a reverse mortgage, like a home equity loan.

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By Jack D. Belles In communities all across the nation, an increasing number of retirees are faced with the very real threat of losing their home because they can no longer afford to make their mortgage payments. According to Realty Trac’s U.S. Foreclosure Market Report, more than 3.9. million properties received a foreclosure filing in [...]

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By Jack Belles It is estimated that over 33 million Americans are providing care for older family members. Many of the caregivers are being overwhelmed by the financial demands of caregiving, in addition to the physical and emotional demands. Over 60 percent of caregivers do not have a plan to pay for their parents care [...]

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By Jack Belles People are doing the Reverse Mortgage Program for many different reasons. Years ago, the average person doing a reverse mortgage was a widow, 78 years of age and living solely on Social Security. Today we see that there is no typical scenario of person or people considering this insured mortgage program. This [...]

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