Retirement News with Professor Craig

Retirement News with Professor Craig

The Retirement News blog is dedicated to the financial and physical health and well-being of older Americans. 
Whether you're already in or nearing retirement, you will find important, topical information in the blog to help you make informed decisions on your road to retiring more freely.
As a 25-year veteran in the financial services industry and a certified trainer and teacher, Professor Craig's #1 goal is to help you thrive in retirement with financial peace of mind. 

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Follow Your Heart to a Healthy, Financially Sound Retirement
Retirement News, Healthy Living

Follow Your Heart to a Healthy, Financially Sound Retirement

February is American Heart Month. And according to the CDC, it’s an opportune time to focus on cardiovascular health and make smarter choices to cut the risk of heart disease and stroke.

Getting your heart health in check is critical. But you also need healthy finances to afford the increased health-related costs that often come with retirement age. 

AARP data reports that Medicare may cover as little as 51% of your medical expenses in retirement. What’s more, only 52% of adults age 50-64 are confident they can afford to cover those costs once they leave the workforce. 

If you’re already wondering how to stretch your retirement income to pay for the necessities, you might want to explore your financial options. 

Boost your financial health

reverse mortgage is a type of loan exclusively available to homeowners age 55 or older (in select states)*, allowing you to borrow against the equity in your home. In doing so, it provides funds that you can use today, or a line of credit that’ll be there when you need it — all while you continue to live in and own your home. 

Whether you want to use the funds to pay for medical costs, make home renovations or simply to supplement your retirement income, the choice is yours. As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and maintenance. 

Curious how a reverse mortgage from Reverse Mortgage Funding LLC (RMF) might help you best enjoy (and afford) the years ahead? Give us a call at (888) 277-1567 to set up a phone appointment with one of our experienced loan specialists.

*Available to borrowers as young as 55 in select states only. Higher minimum age requirements may apply. Visit www.reversefunding.com/equity-elite for details.

 

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A More Flexible Home Equity Loan

If you’re 62 or older, there is a home equity line of credit option that offers greater financial flexibility than a traditional Home Equity Line of Credit (HELOC). It’s called a Home Equity Conversion Mortgage (HECM) line of credit. 
If you have an existing mortgage or home equity loan you could refinance them with a HECM line of credit and get enhanced benefits, including a flexible payment feature and a line of credit that GROWS when left untouched.
As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and keeping your home in good condition.


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By clicking "CALCULATE", you are providing your signature and express "written" consent to be contacted by or behalf of Reverse Mortgage Funding LLC, its affiliates and/or its agents (collectively Company) at the telephone, email or mailing address that you have provided for purposes of fulfilling this inquiry about reverse mortgages and/or the Company's products or services, even if you have previously registered on a "do not call" government registry or requested Company to not send marketing information to you by email and/or direct mail. You agree that the Company may use automatic telephone dialing systems and prerecorded voice messaging in connection with calls or texts made to the telephone number you provide even if the telephone number is assigned to a cellular or mobile telephone service or other service for which the called party is charged and are representing that you are the regular user of provided number. You understand that you are not required to consent to receiving autodialed calls or texts as a condition of any reverse mortgage and/or purchasing any Company products or services. If you do not wish to authorize Company to contact you in this manner, you can call 888-277-1567 to complete your request. You understand that you can revoke this consent at any time.

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