An invitation

I am excited to launch this new blog, Financial Serenity Today. I work as a Financial Coach in the in the nonprofit sector. I bring the unique experience of 30-years in the field of finance with an MSW (Masters of Social Work). The goal in my work, the goal of this blog, is to help people become more at peace in their relationship to money, and thereby find greater peace, hope, well-being in their lives. This blog is not about how to build a road to riches, for wealth is not best measured in terms of net worth or income. Wealth is most truly achieved in living a life that is true to your spirit and within which you can achieve financial serenity. My hope is that this blog contributes in some small way to you on your journey.
I welcome your questions, comments, feedback on any matters financial. I will respond to the best of my ability and welcome comments and input from others to enhance our collective wisdom. As is always true in matters financial, this is an interactive tool based on less than complete information about your specific circumstances, do use this blog to supplement your understanding of your financial situation, and do consult with appropriate financial and legal experts as appropriate. Stu

Saturday, December 3, 2011

Reverse mortgages (for you or your folks?)

If you or your folks have considered a reverse mortgage, I offer the following insights:

  1. Home owners must be 62 years of age or older (the older the better).
  2. Must have at least 50% equity in their home.
  3. Home must be in fairly good condition.
  4. Home owners need funds to supplement their income, to rebuild an emergency reserve fund, or to complete desired home improvements.
  5. The following link will help you locate reverse mortgage lenders, click on HECM check box: http://www.nls.gov/ll/code/llslcrit.cfm
  6. The following link will help you locate HUD-approved reverse mortgage housing counselors (I am certified to do this counseling): https://entp.hud.gov/idapp/html/hecm_agency_look.cfm
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