I was asked to give a speech to a group in Boise, ID about how seniors can stay in their homes by using a reverse mortgage.

I received a call from the son and daughter of a senior borrower today and they wanted to know if their mother could refinance her reverse mortgage loan

The decline in the value of existing homes is what will cause the 2008 recession and cause it to be the most severe recession since the early 1980s (although not all that bad by historical standards). The bulk of the average American's savings is in their home and their net worth is decreasing.

Did you know that if you are a senior borrower, aged 62 and over you can use a reverse mortgage to purchase a home as well as just to refinance your existing home?

I've seen them change lives and living situations for the better. But is there a time when a reverse mortgage is NOT right? Honestly, yes.

So you are bringing in money now. Do you pay off debt or invest with it?

If you are just starting out in your career, you may have heard about the benefits of saving for retirement. But if you are in your last few years of your job, chances are you did not hear much about saving when you were starting out.

When purchasing a home, it is helpful determine upfront how much you want to spend per month. To achieve these monthly payments, you can adjust some of the variables of your loan.