From the category archives:

Resources - Financing

Is It Better to Finance or Pay Cash?

by Bill Ness on December 12, 2011

For most homeowners, investing in a new home requires taking on a mortgage to cover a portion of the cost. But that isn’t always the case. Retirees who are downsizing from their family home may find themselves in a position to choose whether they want to finance or pay cash. But which is the best choice?

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Do You Plan to Die Broke or Leave an Inheritance?

by Bill Ness on September 30, 2011

In 1997, financial advisor Stephen Pollan and author Mark Levine stirred up some controversy with the four-step plan presented in “Die Broke.” This radical book became a national bestseller, but not everyone agrees with Pollan’s financial strategy, which includes essentially giving up on the idea of retirement. Many Baby Boomers are more comfortable with the conventional approach of saving for the future and leaving an inheritance to their children, but there’s no doubt that Pollan’s strategy has changed the way some active adults approach their golden years.

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Everything You Need to Know About a VA Loan

by Susan Quilty on June 1, 2011

The recent collapse in the housing market has made it more difficult for some active adults to secure the loans they need to buy their retirement homes. Fortunately for veterans, using a VA loan can be a great way to cut through some of the red tape and walk away with a comfortable repayment schedule.

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Yes, a 60-Year Old Can Get a 30-Year Mortgage

by Susan Quilty on May 13, 2011

Older adults often assume that they would not be eligible for a 30-year mortgage. Legally, however, banks can only offer loans based on financial qualifications alone. This means applicants cannot be turned away based on their age, whether they are 50, 60, or even 90 years old.

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Will You Outlast Your Retirement Savings?

by Susan Quilty on February 21, 2011

Though most active adults understand the importance of saving for retirement, many may underestimate the amount of money they will need to have saved. This is especially true as the average lifespan is growing and workers can no longer expect defined-benefit pension plans or social security income. How can you be sure that you will not outlast your own retirement savings?

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