Category Archives: Reverse Mortgage

Reverse Mortgage Saves Senior’s Retirement Dreams

July 17, 2008 – 1:02 pm

We have detailed a couple stories about how reverse mortgages can be utilized to help home owners over the age of 62. Here’s another:
Scenario: Couple are approaching retirement years, their home loan is paid down, but one has a health condition. Their employer goes bankrupt and they borrow from their home to pay medical bills.
Their […]

By bwaun | Also posted in Uncategorized | Comments (0)

Reverse Mortgages: Magic or Menance?

April 22, 2008 – 11:07 am

The popular press has said some pretty nasty, and uninformed things about ‘reverse mortgages’ for senior citizens. I believe these loans, when used properly, are a tremendous tool to benefit anyone over the age of 62 to afford a much higher lifestyle during retirement. Understanding the risks is important, and we believe in educating borrowers […]

By bwaun | Comments (1)

Reverse Mortgages Help Buy Second Homes

February 23, 2008 – 12:25 pm

From Besting: Better Nesting
“Using a Reverse Mortgage to Own a Second Home
Theresa was living alone in Michigan, where the winters can be cold and harsh. Her home has appreciated over the years and was worth $350,000 when she decided she could no longer stand another winter in the Midwest. She had worked diligently to pay […]

By bwaun | Also posted in Condo Hotels, Second Homes | Comments (0)

What Boomers in Calgary know about real estate…

January 8, 2008 – 8:14 pm

The Calgary Herald ran the following story on December 29, 2007:
“‘Besting’ the market
by Kathy McCormick
Empty nesting is so yesterday. Besting is the latest buzz word.
A new book, Besting: Better Nesting, by Bob Waun predicts that the current U.S. housing slump is the start of a migration of baby boomers to a new form of second […]

By bwaun | Also posted in Fractional Ownership, Developments, Personal Experience, Baby Boomers, International Finance, Mortgage, Condo Hotels, Second Homes | Comments (1)

International Acclaim for “Besting”

January 8, 2008 – 7:55 pm

The Vancouver Sun Newspaper  (Tuesday Jan has run the following story about “Besting: Better Nesting“, about boomers and retirement housing:
“BEST BET FOR ‘BESTERS’ IS A SECOND HOME
A new book, Besting: Better Nesting, by Bob Waun predicts that the current U.S. housing slump is the start of a migration of baby boomers to a new […]

By bwaun | Also posted in Fractional Ownership, Developments, Personal Experience, Baby Boomers, International Finance, Mortgage, Condo Hotels, Second Homes | Comments (0)