Latest news with #MortgageMonitor
Business Wire
07-07-2025
- Business
- Business Wire
ICE Mortgage Monitor: Amid a Cooling Housing Market, Early Signs of Homeowner Risk Emerge
ATLANTA & NEW YORK--(BUSINESS WIRE)--ICE Mortgage Technology, a neutral provider of a robust end-to-end mortgage platform and part of Intercontinental Exchange, Inc. (NYSE: ICE), today released its July 2025 Mortgage Monitor report. ICE data reveals that beneath the surface of a broadly cooling but stable housing market, early signs of financial stress are emerging among subsets of homeowners. Pockets of vulnerability can be seen in rising negative equity, increased use of mortgage products that improve short-term affordability, and exposure to student loan debt. Softening home prices expand from the Sunbelt to Western states, driving increased negative equity According to ICE's Home Price Index, annual home price growth slowed to 1.3% in early June, and 30% of the largest markets have seen prices dip by at least a full percentage point from their recent highs. While this deceleration may help affordability, it could potentially weaken the equity positions of borrowers who purchased more recently, particularly those using FHA and VA loans, which are low down payment products. Nationally, one in four seriously delinquent loans would be in a negative equity position if sold at distressed (REO) prices. In certain markets, the figures are more pronounced: in Cape Coral, Fla., 27% of all 2023 and 2024 vintage loans are now underwater, while in Austin, Texas, the rate is 18% among 2022 vintage loans. ARM and temporary buydown usage reflect affordability pressure More than 8% of borrowers financed homes with ARMs or temporary buydowns this year, which reduce monthly payments in the first years of the loan. While these loans provide short-term relief, they may introduce future payment shock, particularly if interest rates remain elevated or reset higher. Student loan delinquency greatly increases mortgage delinquency risk The return of both payments and collection efforts on defaulted federal student loans, which resumed in May after a five-year pause, may put additional financial strain on some homeowners. Analysis of ICE McDash data and ICE Tradelines data powered by TransUnion shows that nearly 20% of mortgage holders also carry student loan debt. Among FHA borrowers, that number rises to nearly 30%. Borrowers delinquent on student loans are four times more likely to be delinquent on their mortgage. 'While the slowdown in home price growth may be easing affordability pressures, and negative equity volumes remain low, we're beginning to see localized pockets of recent homebuyers becoming financially exposed,' said Andy Walden, Head of Mortgage and Housing Market Research at ICE. 'Borrowers with minimal equity — particularly those who purchased recently — are often the first to be exposed when home prices soften. These early signs of stress highlight the importance of monitoring borrower-level risk as market conditions evolve.' Meanwhile, ICE Home Price Dynamics is beginning to show the impact of softening home prices on equity positions in credit risk transfer (CRT) securitizations with the majority of CRT deals issued in 2023 and 2024 having seen modest upticks in negative equity rates in recent months. 'As figures from the July Mortgage Monitor bear out, national averages don't tell the full story,' said Tim Bowler, President of ICE Mortgage Technology. 'We're seeing early signs of risk building within specific markets and within specific borrower populations, like borrowers with limited equity or who are behind on student loans. This is when proactive monitoring and data-driven risk management become essential. Identifying and engaging these borrowers early may prevent hardship later.' The full July Mortgage Monitor report contains a deeper analysis of May mortgage performance, a housing market update featuring June ICE Home Price Index (HPI) data, an analysis of the impact of student loans on homeowners and a look at loan origination operational trends. Further detail, including charts, can be found in this month's Mortgage Monitor report. About the ICE Mortgage Monitor ICE manages the nation's leading repository of loan-level residential mortgage data and performance information covering the majority of the overall market, including tens of millions of loans across the spectrum of credit products and more than 160 million historical records. The ICE Home Price Index provides one of the most complete, accurate and timely measures of home prices available, covering 95% of U.S. residential properties down to the ZIP code level. In addition, the company maintains one of the most robust public property records databases available, covering 99.9% of the U.S. population and households from more than 3,100 counties. ICE's research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for the monthly Mortgage Monitor report. To review the full report, visit: About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading 'Key Information Documents (KIDS).' Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025. Source: Intercontinental Exchange Category: Mortgage Technology ICE-CORP
Business Wire
23-06-2025
- Business
- Business Wire
ICE First Look at Mortgage Performance: Delinquencies Held Steady in May but Continue to Trend Higher on an Annual Basis
ATLANTA & NEW YORK--(BUSINESS WIRE)--ICE Mortgage Technology, neutral provider of a robust end-to-end mortgage platform and part of Intercontinental Exchange, Inc. (NYSE: ICE), today released its May 2025 ICE First Look, which shows that delinquencies and foreclosure activity continues to trend slightly higher on an annual basis despite some seasonal and disaster recovery related improvement. The ICE First Look reports on month-end delinquency, foreclosure and prepayment statistics sourced from its loan-level database, which covers a majority of the U.S. mortgage market. Key takeaways from this month's findings include: The national delinquency rate ticked down 2 basis points (bps) to 3.20% in May, though it is up 5.2% (16 bps) year over year (YoY). Serious delinquencies – loans 90+ days past due but not in foreclosure – improved seasonally for the fifth consecutive month but are still up 56K (14%) from the same time last year. Disaster-related delinquencies also improved, with those related to the 2024 hurricane season falling by nearly 5K (26%) month over month (MoM) and Los Angeles wildfire-related delinquencies falling by a more modest 9% MoM. For the third consecutive month, foreclosure starts, active foreclosures and foreclosure sales rose annually as VA foreclosure resumptions continue to make their way through the pipeline. Prepayment activity, as measured by single month mortality, inched up to 0.71%, the highest level since October 2024, driven by a seasonal rise in home sale-related prepayments. Prepayments were up 23.4% YoY. Data as of May 31, 2025 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.20% Month-over-month change: -0.52% Year-over-year change: 5.20% Total U.S. foreclosure pre-sale inventory rate: 0.38% Month-over-month change: -1.46% Year-over-year change: 6.29% Total U.S. foreclosure starts: 28,000 Month-over-month change -3.35% Year-over-year change: 16.73% Monthly prepayment rate (SMM): 0.71% Month-over-month change: 1.00% Year-over-year change: 23.38% Foreclosure sales: 7,000 Month-over-month change: 8,15% Year-over-year change: 11,37% Number of properties that are 30 or more days past due, but not in foreclosure: 1,744,000 Month-over-month change: -8,000 Year-over-year change: 110,000 Number of properties that are 90 or more days past due, but not in foreclosure: 466,000 Month-over-month change: -10,000 Year-over-year change: 56,000 Number of properties in foreclosure pre-sale inventory: 206,000 Month-over-month change: -3,000 Year-over-year change: 15,000 Number of properties that are 30 or more days past due or in foreclosure: 1,951,000 Month-over-month change: -11,000 Year-over-year change: 125,000 The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at by July 7, 2025. For more information about gaining access to ICE's loan-level database, please send an email to ICE-MortgageMonitor@ About the ICE First Look ICE maintains the nation's leading repository of loan-level residential mortgage data and performance information – which covers the majority of the U.S. market – including tens of millions of loans across the spectrum of credit products and more than 230 million historical records. In addition, the company maintains a robust public property records databases that covers 99.9% of the U.S. population and households from more than 3,100 counties. ICE's research experts carefully analyze this data to produce the First Look, a monthly summary of month-end delinquency, foreclosure and prepayment statistics. About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading 'Key Information Documents (KIDS).' Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025. Category: Mortgage Technology ICE-CORP
CBS News
03-06-2025
- Business
- CBS News
Where are HELOC rates heading in the second half of 2025?
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Home equity rates could shift later this year, experts say, but it may not be when you'd expect it to happen. Getty Images The average home equity amount currently stands at $313,000, according to the March 2025 Intercontinental Exchange (ICE) Mortgage Monitor report. Homeowners who want flexible access to financing can turn to a home equity line of credit (HELOC), which leverages their existing home equity and turns it into a line of credit that can be drawn from as an affordable financing option. For more than a year, HELOC interest rates have been steadily decreasing, even reaching a two-year low at one point. However, HELOC interest rates saw a slight uptick recently and then a subsequent fall, with average HELOC rates currently sitting at 8.14%. These small swings can affect HELOC rates and, in turn, how much borrowers pay to access this type of financing. Plus, HELOC rates are variable, which means they can fluctuate even after you take one out. Because of this, current and prospective borrowers should keep tabs on where HELOC rates are going. So, as we head into June, where are HELOC rates heading in the second half of 2025? We spoke with home lending professionals to share their expertise about the current HELOC environment and what to know about where rates are going. Find out how affordable a HELOC could be for you today. Where are HELOC rates heading in the second half of 2025? The Federal Reserve has worked tirelessly to tame stubborn inflation over the last few years. That's led to the high-rate environment we're in today, which has increased the cost of borrowing across a range of products, including HELOCs. "HELOC rates move in tandem with fed funds rates. So every time the Federal Reserve cuts rates…every time they make a change, then HELOC rates will move accordingly," says Shmuel Shayowitz, president and chief lending officer at Approved Funding, a licensed mortgage bank. The Federal Open Market Committee (FOMC) meets on June 17 and 18 to discuss monetary policy. At that time, the FOMC decides whether to keep rates the same or increase or decrease them. What happens at the June FOMC meeting will have a direct impact on HELOC rates, but a Fed rate cut may not be on the horizon. "It is highly unlikely that they will cut or increase rates in June," says Karen Mayfield, national head of originations at Multiply Mortgage, a mortgage-as-a-benefit provider. The CME FedWatch tool shows close to a 95% probability that there will be no change to the federal funds rate. The other 5% shows the probability of a decrease. This may be unwelcome news, as the Fed hasn't made any changes to the federal funds rate in 2025 yet. After the May meeting, the Federal Reserve attributed its decision to persistent economic uncertainty and above-average inflation. As a result, HELOC rates likely won't see a drop in June as the Federal Reserve is projected to keep the federal funds rate the same. Whether the Federal Reserve still intends to go through with the rate cuts later in 2025, though, depends on many factors. "A lot of the different economic data really comes down to impacting inflation. And that's one of the key drivers that the Fed looks at when considering whether to increase or decrease or keep it [federal funds rate] unchanged," says Mayfield. While the Federal Reserve focuses on U.S. monetary policy, there can be a ripple effect on the global stage. "The world economy is so much more dependent upon one another compared to a hundred years ago," adds Mayfield. The Federal Reserve is cautious right now, taking a wait-and-see approach and looking at information as it unfolds. "I think we'll see one to two cuts this year…and that they would be the second half of this year," says Mayfield. "So in 2025, there has yet to be a rate cut. Interestingly to note, that the rate cuts in 2024 were in September, November, and December, so the Federal Reserve is not averse to doing these changes at the end of the year, as we saw last year," Shayowitz says. If and when the Federal Reserve cuts rates later this year, though, HELOC rates will likely follow. "If somebody took out a home equity line of credit today, and there was a 50 basis point cut in September, starting October 1st, they would get the benefit of the lower interest rate and their payments and their bill would be adjusted accordingly," says Shayowitz. Learn more about your top HELOC options online now. The bottom line A home equity line of credit gives homeowners alternative financing options to a credit card or a personal loan. Though rates on most loan products are relatively high at the moment, HELOCs still provide lower rates in comparison. Instead of close to 22% on a credit card or 12% on a personal loan, homeowners who meet the eligibility requirements may score HELOC rates around 8%. So if you have other high-interest debt to consolidate or have necessary home repairs, HELOCs can provide substantial benefits on top of flexibility right now. To find the most competitive rate, look at offers from various home equity lenders. Before doing so, be aware of HELOC risks. You can get a lower interest rate, but if you fall behind on your HELOC payments, it could eventually lead to foreclosure. The variable rate on HELOCs also means that while your payments can go down, they can also go up. You can consider a home equity loan as an alternative, which gives borrowers lump sum funding and fixed interest rates. As home equity loan interest rates are fixed, it can be easier to budget for than a HELOC. Whether you go with a HELOC or home equity loan, do your research, compare offers, and know the home equity risks with either option. Most importantly, have a plan for repayment so it can be a tool to help your finances instead of dragging them down.
Yahoo
02-06-2025
- Business
- Yahoo
ICE Mortgage Monitor: Record Levels of Home Equity and Falling Rates Drive Highest HELOC Withdraws Since 2008
48M homeowners sit on $11.5T in tappable equity entering Q2 2025 as HELOC rates ease, driving demand ATLANTA & NEW YORK, June 02, 2025--(BUSINESS WIRE)--ICE Mortgage Technology, a neutral provider of a robust end-to-end mortgage platform and part of Intercontinental Exchange, Inc. (NYSE: ICE), today released its June 2025 Mortgage Monitor report. The analysis of mortgage, real estate and public records data shows U.S. mortgage holders carried a record $17.6 trillion in home equity entering the second quarter of 2025, with $11.5 trillion considered "tappable" — that is, available for borrowing while maintaining at least a 20% equity cushion. Despite subdued withdrawal rates in recent years, early 2025 data points to shifting borrower behavior. First-quarter second lien equity withdrawals rose 22% year over year to nearly $25 billion — the largest first quarter volume in 17 years — suggesting increased interest in home equity access amid improving loan affordability. "Equity levels remain historically high, and now we're seeing the cost of borrowing against that equity drop meaningfully," said Andy Walden, Head of Mortgage and Housing Market Research at ICE. "The monthly payment needed to withdraw $50,000 via a home equity line of credit (HELOC) has fallen by more than $100 since early 2024. If the Fed moves forward with anticipated rate cuts, borrowing against home equity could become even more attractive in the second half of the year." The average introductory rate on second lien HELOCs has declined by 2.5 percentage points in recent quarters, dropping below 7.5% in March. If current market forecasts hold, HELOC rates could dip into the mid-6% range by 2026 — roughly on par with projected 30-year mortgage rates. This easing has already translated into lower monthly payments for borrowers. According to ICE's McDash Home Equity database, the average monthly payment needed to borrow $50,000 dropped from $412 in early 2024 to $311 by the end of the first quarter of 2025. Other highlights from the June 2025 Mortgage Monitor include: 48 million mortgage holders have tappable equity, with the average homeowner sitting on $212K. Mortgaged homes are, on average, only 45% leveraged, suggesting ample cushion for equity access. Lenders are becoming more aggressive with their HELOC rate offerings, with the spread to prime falling to the lowest levels since 2022. Equity withdrawals — including cash-out refinances — totaled $45 billion in the first quarter of 2025, the highest first quarter volume since 2022. Borrowers tapped just 0.41% of available tappable equity in the first quarter of 2025, still below long-term averages, indicating further room for growth. "In our latest ICE Borrower Insights Survey, roughly 25% of homeowners said they are considering a home equity loan or HELOC in the next year. It's periods like these — where both demand and affordability trends converge — that represent a critical opportunity for housing finance professionals to earn homeowners' repeat business," said Tim Bowler, President of ICE Mortgage Technology. "As a neutral technology provider dedicated to the success of our lender and servicer clients, we've invested heavily in developing an advanced, end-to-end mortgage platform that engages borrowers with timely, relevant offers while keeping costs in check. It's one of the ways we're helping our clients remain responsive, serve their communities and retain customers in a changing market." The full June Mortgage Monitor report also contains a deep analysis of April mortgage performance data and a housing market update featuring May ICE Home Price Index (HPI) data. Further detail, including charts, can be found in this month's Mortgage Monitor. About the ICE Mortgage Monitor ICE manages the nation's leading repository of loan-level residential mortgage data and performance information covering the majority of the overall market, including tens of millions of loans across the spectrum of credit products and more than 160 million historical records. The ICE Home Price Index provides one of the most complete, accurate and timely measures of home prices available, covering 95% of U.S. residential properties down to the ZIP code level. In addition, the company maintains one of the most robust public property records databases available, covering 99.9% of the U.S. population and households from more than 3,100 counties. ICE's research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for the monthly Mortgage Monitor report. To review the full report, visit: About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)." Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025. Source: Intercontinental Exchange Category: Mortgage Technology ICE-CORP View source version on Contacts ICE Media Contact:Johnna +1 (404) 798-1155 ICE Investor Contact:Katia +1 (678) 981-3882 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-05-2025
- Business
- Yahoo
From lottery tickets to life insurance: Here are 7 ‘bad assets' that could cause you to retire poor in America
You probably know the importance of retiring with a hefty, well-diversified portfolio of assets. But what if you've spent some of your money accumulating things that look like 'assets' but are actually hidden liabilities. Here are the top seven tempting but deceptive money drains that many people trap themselves into before retirement. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) If you're relatively older and financially secure, splurging on your 'dream car' can be the ultimate temptation. Why not buy the toys you've always wanted and resell them to someone else who's just as passionate about motors as you? Well, the typical new car loses roughly 30% of its value within the first two years alone, according to Kelley Blue Book. The depreciation rate slows down after those initial years, which means buying a modestly used car at an affordable price is a better way to secure your financial future. Spending your retirement on the beach in Cabo Verde is undoubtedly attractive for many people. But there's a difference between buying a vacation home somewhere exotic and buying a timeshare. Unlike property ownership, timeshare ownership involves steep initial costs, recurring maintenance fees, low resale potential, and rigid usage schedules. On top of that, the secondary market is notoriously poor, and many owners struggle to exit their agreements. Sales tactics can be aggressive, and the contracts themselves are often complex and difficult to navigate. Consider creating an annual budget for vacation rentals in your retirement plan instead of locking yourself into these bad deals. Yes, there is an active market for luxury collectibles such as vintage cars, designer handbags and luxury watches. But a Rolex probably doesn't deserve a spot on your retirement portfolio. Luxury consumers are a fickle bunch and what's considered valuable today may not be as valuable by the time you retire. Diamonds, for instance, were a popular collectible but have seen prices decline by 26% in just the last two years, according to The Guardian. With that in mind, avoid the glamorous 'assets' and focus on safe but boring investments like corporate bonds or dividend stocks. Read more: Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? It's nearly irresistible to think of your primary residence as the bedrock of your retirement. The median American homeowner is sitting on $327,000 in home equity as of 2024, according to the ICE Mortgage Monitor report. However, it's possible to go overboard with this investment. Buying a house that is far beyond your budget or too big for your needs can make it tougher to pay off the mortgage or maintain the property when you're on a fixed income. It's also a good idea to avoid excessive and frequent renovations to try and add value to the property. Instead, focus on minimizing costs and debt and consider downsizing to tap into some of that built-up equity to make your retirement more flexible and comfortable. Buying lottery tickets or pouring money into unproven and speculative investments is rarely a good idea, regardless of your age. But the risks are magnified when you're older and approaching the end of your career. Instead of indulging in wishful thinking that a meme-worthy cryptocurrency or random penny stock is going to make you rich overnight, consider the safer path to retirement. Focus on blue chip dividend stocks, bonds or gold. Rental income from a robust portfolio of real estate is a great way to enhance your passive income in retirement. But if you're at the end of your career and rely on a fixed income, you should recognize the fact that your capacity for risk is much lower. With this in mind, consider lowering or paying off all the mortgages on your rental properties. If you can't, sell a few units to pay off the loans on others in your portfolio. As a retired landlord, you can't afford a sudden housing market crash or interest rate volatility. Despite what the insurance salesman has probably told you, whole life insurance isn't an ideal retirement vehicle. These plans can be five to 15 times more expensive than term life insurance, according to Investopedia, and you have limited control over how the capital is invested. Instead, focus on relatively simple financial instruments that offer steady cash flow and greater control. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead There's a 60% chance of a recession hitting the American economy this year — protect your retirement savings with these essential money moves ASAP (most of which you can complete in just minutes) This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
