Finance

By Alain Valles, CRMP Everyone has heard the words “reverse mortgage.” But few people really know how one works. However, most of us know the challenge,...

By Nance Ebert, Contributing Writer REGION – For many people there is typically some confusion when it comes to retirement savings plans and how best...

By Alain Valles, CRMP, MBA, CSA Almost a million people have obtained a reverse mortgage to help achieve their personal and financial goals, and an...

I was recently at a local charity event and invariably people asked what I do? My answer is always “I save financial lives by educating people about reverse mortgages and, when appropriated, arrange them.” That’s usually followed by a polite sigh and then the person stating: “Aren’t those bad? Doesn’t the person lose their home to the bank or government? Don’t the kids lose their inheritance? Don’t you have to have no mortgage? Isn’t a reverse mortgage a last resort?” In other words, they’re really asking “Aren’t you just taking advantage of old people?”

By Alain Valles Changes are coming for the federally insured Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage. For the past 25...

By Alain Valles, CSA, MS, MBA, Managing Director, Helping Hands Community Partners   “The days are long, but the years are short”   This quote from Gretchen Rubin,...

We haven’t saved enough, too many of us retire without financial security, and we may need to work longer to achieve it — assuming we can hang onto our jobs or find new ones. No wonder that workers and retirees are more pessimistic about their future prospects than they’ve been in years.

Helping you navigate your finances as you plan for retirement   By Bonnie Adams, Managing Editor Marlborough - Last December the U.S. Congress passed, and President...

As soon as Mark Kim found out his personal information was compromised in a data breach at Target last year, the tech worker signed up for the retailer’s free credit monitoring offer.

Reverse mortgages are government-insured loans also known as Home Equity Conversion Mortgages (HECMs).