ALL ABOUT REVERSE MORTGAGE
Reverse Mortgages increasingly play a vital role in funding a better retirement for hundreds of thousands of older American homeowners. A Reverse Mortgage helps to remove the fear of running out of money in retirement. This financial tool might make it possible for you (or a loved one) to remain independent in your own home by using a portion of your home equity as tax free cash. There are NO REQUIRED MONTHLY MORTGAGE PAYMENTS, and the title to your home remains in your name only. It is also possible to keep the title in the name of your family trust.
Reverse Mortgages Are Used For a Variety of Reasons
Reverse Mortgages are used for a variety of reasons, and by people from every economic level. They are no longer considered to be only a loan of last resort. You may be surprised to learn that reverse mortgages are used by the wealthy, with the advice of their financial advisor, to extend the life of their investment portfolio or to acquire additional assets.
What would help you enjoy this time of life and your retirement years ahead?
- Extra cash – more than just enough to pay bills
- No more mortgage payments
- A Line of Credit I can draw on for the future
- Freedom from money worries
My mission is to give you a clear understanding of what a reverse mortgage might do for you or your loved ones. It is a financial strategy that might make a huge difference in whether or not you can maintain your lifestyle and remain independent in your own home for as long as you would like.
I am uniquely qualified to provide what you may be looking for in order to solve your retirement strategy puzzle. My career in real estate and mortgage lending spans over 40 years; and gives me the ability to provide my clients with a variety of problem solving options.
As a mortgage lending professional, until about 7 years ago, I had originated every type of real estate loan for both homeowners as well as seasoned investors– except the reverse mortgage – then a personal situation rocked my life!
Reverse Mortgage and Life Changing Events
My parents faced a life changing event – Dad had a massive stroke that required 24 nursing home care. As a family we decided that in order to keep Mom in their home and pay for Dad’s care they would need more money than Dad’s retirement income provided. I discovered that a reverse mortgage was the right answer for them. My father lived a year and a half in the nursing home, lovingly surrounded with daily visits from family and friends – he died at 92.
This experience caused me to redirect my career, and now I provide only reverse mortgages to a growing fan base of Baby Boomers and their parents!
Michele and Mom
I love knowing that I will have a roof over my head the rest of my life and not have to worry about the future. In addition, I understand the program completely and that is only because of Michele’s expertise, kindness and most of all patience with someone who was very hesitant in the beginning. She provided me with the best possible options when it came to the interest rates and made sure that I had as much money in a line of credit as possible, while at the same time keeping her costs lower than anyone else’s. Coni M.