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A Blog for Mortgage News and Tips

When Is the Best Time to Sell and Relocate?

Posted by George Downey on Jul 18, 2018 5:29:49 PM

Are you in the right home? Is it the best place for you to age? And, if not what are your options?

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Topics: HELOC, HECM, home equity, age in place, housing wealth, seniors

Seniors First! Welcome to the Central Resource for Seniors and their Families.

Posted by George Downey on Jul 5, 2018 9:46:22 AM

Seniors First is launched and includes a full range of legal, financial, housing and lifestyle solutions.

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Topics: age in place, housing wealth, retirement planning, seniors

Housing Wealth – A Financial Solution Hiding in Plain Sight

Posted by George Downey on Jun 19, 2018 2:58:46 PM

New Federal Reserve report confirms most Americans are financially unprepared for retirement, and financial planners continue to ignore the value and importance of housing wealth in the solution.

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Topics: Reverse Mortgages, Finance Professionals, Retirement security, age in place, housing wealth, retirement planning

"Using Housing Wealth to Age in Place" Seminar at Senior Celebration Expo

Posted by George Downey on May 22, 2018 5:23:54 PM

Participants from the "Housing Wealth" panel discussion at the 26th Annual Senior Celebration event, hosted by South Shore Senior News held at Lombardo's in Randolph, MA. (L-R) Chris Downey, Housing Wealth Advisor, Harbor Mortgage Solutions, Inc., Braintree, MA; Doug Beck, Certified Financial Advisor, Tailwind Wealth Management, Hingham, MA; moderator John O’Connor Jr., O'Connor & O'Connor, LLC, Braintree, MA; and John O’Connor, O'Connor & O'Connor, LLC, Braintree.

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Topics: age in place, housing wealth

Got Home Equity? New ways it can increase retirement savings to age in place

Posted by George Downey on May 17, 2018 12:12:33 PM

If you’re in or approaching retirement, own a home (with or without a mortgage), and are uncertain about your financial future, you may be in luck.

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Topics: Reverse Mortgages, Finance Professionals, HECM, home equity, Retirement security, age in place

Financial Advisors Criticized for Ignoring Reverse Mortgages in Retirement Planning

Posted by George Downey on Apr 3, 2018 9:57:55 AM

Retirement researchers, prominent academics and planning experts are united in recommending that home equity and reverse mortgages be a fundamental consideration in retirement planning practices.

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Topics: Reverse Mortgages, Finance Professionals, HECM, Housing Wealth Management, Retirement security

BREAKING NEWS: 50% of U.S. Households Lack Enough Income to Retire

Posted by George Downey on Feb 19, 2018 12:46:30 PM

2018 Research report documents looming crisis.  Two actions that can avoid pitfalls and strengthen retirement security.   

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Topics: Retirement, Housing Wealth Management, Retirement security, Retire

National Study Challenges Understanding of Home Equity Utilization

Posted by George Downey on Jan 25, 2018 2:36:28 PM

The National Council on Aging (NCOA) concluded research in 2017 documenting the Awareness of Home Equity Products Among Older Homeowners and Financial Advisors (March, 2017).  The study included sessions with 1,002 older homeowners (who had not used a home equity product) and 254 financial advisors (with credentials including FINRA Series 6 or 7, Certified Financial Advisor or Planner, or NMLS Mortgage Loan Broker).  The study confirmed wide gaps of knowledge and understanding of the importance and potential home equity can provide to enhance retirement security.

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Topics: Reverse Mortgages, Retirement, Finance Professionals, home equity

RECORD HOME PRICES CHANGING RETIREMENT PLANNING

Posted by George Downey on Oct 11, 2017 3:24:13 PM

Senior homeowners urged to consider utilization of housing wealth to increase and extend retirement security while favorable conditions prevail.  Home price record surge and low interest rates create strategic opportunity for senior homeowners.

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Topics: Reverse Mortgages, Retirement, HELOC, HECM

How to Talk to Parents About Financial Facts of Life

Posted by George Downey on Sep 28, 2017 12:42:35 PM

Not long ago, your mother or father was explaining (somewhat inarticulately) the birds and the bees to you. Now it's your turn to relay some important facts of life. And conversations about reverse mortgages can be just as awkward.

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Topics: Reverse Mortgages, Retirement, Finance Professionals

Welcome to the Harbor Mortgage Blog!

We’ve got all the information you need to keep you up-to-date on the latest mortgage news. Here, we answer common mortgage questions, translate the legalese, and try to make the home financing process clearer and easier for you. 

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