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It’s Not Rocket Science:’ How Reverse Mortgage LOs Can Talk to Trusted Advisors – By the time a senior reaches the age of 62 and if they have some money put away, the chances increase that they have a lawyer, CPA or financial advisor they would turn to that could advise them on.
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Social Security Minimum Benefits Fail to Prevent Senior Poverty – The Social Security program’s minimum benefit for retirees who have very low career earnings fails to prevent a beneficiary in this category from staying out of poverty, and the benefit itself is.
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Reverse Mortgage Calculator – The lender will add a "margin" to the index to determine the rate of interest actually being charged. The margin used in our calculator is 250 basis points (2.50%). You might find reverse mortgage originators that offer higher or lower margins and various credits on lender fees or closing costs.
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Reverse Mortgage Business Welcomes Increased 2019 HECM Lending Limits – “In many markets with the heaviest concentration of reverse mortgage activity, appreciation levels have been higher than the 5.5 percent national appreciation figure; this means senior homeowners have.
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