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Reverse MortgageReverse Mortgage products are a large part of my practice as a Certified Mortgage Planning Specialist. A reverse mortgage is certainly not the only choice for seniors over 62, a reverse mortgage is something to consider. Please read my personal experience with a reverse mortgage. Email any questions on a Reverse Mortgage. Reverse mortgage products offer benefits to seniors that a traditional mortgage can not and need are a part of my mortgage planning process. I recognize that there are many websites claiming to be reverse mortgage "specialists" offering only the reverse mortgage I believe that is a disservice to my client. I will continue to offer traditional mortgage products with the reverse mortgage as I believe that offering only one type of mortgage may not be the best answer to my client's situation. I prefer to look at my client's specific situation and suggest the most appropriate solution. It may be a reverse mortgage or it may not. Any mortgage should be a solution to a problem, not a product to be sold. That having been said, lets look at what a reverse mortgage really is. More than anything else, a reverse mortgage gives you peace of mind by allowing you to maintain your independence. Reverse mortgage products are, designed to allow seniors to maintain their independence with dignity. A reverse mortgage allows you to use the equity in your home to maintain and even improve your lifestyle. A reverse mortgage will NOT cause you to lose your home and I have used a reverse mortgage many times to give seniors the ability to stay in their home when other alternatives have failed. Funds made available to you are not taxable and will not affect your Medicare eligibility. They can be an effective estate and financial planning tool that can be shown to increase the size of your estate as well as to reduce estate taxes. They require no income, credit score, or health qualification but are based on your age and the equity in your home. There are several types available to you and one may be a better choice depending on your specific set of circumstances Fixed rate Home Equity Conversion Mortgage. From the Federal Housing Administration (FHA) Adjustable rate Home Equity Conversion Mortgage. From the Federal Housing Administration (FHA) Home Keeper. From Fannie Mae Cash Account Advantage. From Financial Freedom I offer a printed side by side comparison of each so you can see which option best meets your needs. The benefits can vary between them and we want to be sure you select the one that meets your needs. Please call (888) 648-1714 or email me to ask about this free no obligation analysis. Learn more about Reverse Mortgage Myths Learn more about their use as an Estate Planning Tool Learn more about the use of a Reverse Mortgage for Long Term Care Planning To learn more about this solution, please take a moment to view my Equity Income presentation As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come. Read more about this free, no obligation service. New! View my Wealthbuilder presentation and learn the safe way to manage your debt and fund your retirement.
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