Melanie Sedam, Reverse Mortgage A recent survey, using public records, was conducted by a major Title Company here in Arizona looking to find out how many homeowners in the 55+ communities owned their home free and clear i.e. had no current mortgage payment. The results were startlingly low. Here are the results: Sun City West…
Tag: Dollars and Sense
Features, July 2019
Dollars and Sense: What the average retiree spends in a month
Melanie Sedam of ReverseMortgage62AZ.com Naturally, your spending in retirement will vary based on countless variables. Read on to learn how retirees’ spending habits tend to differ from the working population and how you can plan for your personal post-work needs. Spending By Category: With fewer dependents and no work-related costs to worry about, you may…
Features, June 2019
Dollars and Sense: The New Reverse Mortgage – retire with confidence
Melanie Sedam, ReverseMortgage62AZ.com What is a Reverse Mortgage? Reverse mortgages were originally created in the 1980s to help Americans age 62 and older convert part of the equity in their home into money that could be used during retirement. Recent changes to the program have made it a more effective way for eligible homeowners to…
Features, May 2019
Dollars and Sense
The Paseo Financial Group: is the HECM refinance mortgage controversial? It shouldn’t be Melanie Sedam The implication is that there is something amiss or wrong with the HECM program. There is absolutely nothing wrong with HECM mortgages. In fact, they are the most heavily regulated mortgages in the country, they require HUD counseling even before…