How do you make sure clients have a high probability of being ready without making them save 30% of their income each year?
by Daniel J Turner NMLS#1016716; Geneva Financial LLC NMLS#42056 Copyright 2020 All rights reserved. Use by written authorization only. In my practice, necessarily ALL of my Clients are at 60+ and older. Therefore, I discuss early in the interview the fact that using home equity through the FHA HECM HELOC (“Reverse Mortgage”) virtually assures them…
Read MoreReverse Mortgage and the Coronavirus Pandemic
by Daniel J Turner NMLS#1016716; Geneva Financial LLC NMLS#42056 Copyright 2020 All rights reserved. Use by written authorization only. The unexpected impact of the coronavirus has affected many aspects of our lives, including the housing market and reverse mortgages. The economic impact of the pandemic has affected the financial well being of many senior citizens…
Read MoreReverse Mortgages In Hawaii
Are you a pre-retirement homeowner in Hawaii interested in refinancing your home and looking for an additional way to supplement your income? Reverse mortgages are a unique loan option that allow people who are 62 years or older to convert the equity that they have built up in their home into a sum of cash, and…
Read MoreReverse Mortgage Myth & The Truth About This Special Financing Option
A reverse mortgage is a unique loan that allows senior citizens access to their home equity without having to sell their home. This type of mortgage allows borrowers who are 62 years or older to live in the home that they currently own while receiving a monthly cash payment or line of credit. Reverse mortgages…
Read More“Retirement Income Armageddon”
by Daniel J Turner NMLS#1016716; Geneva Financial LLC NMLS# Copyright 2020 All rights reserved. Use by written authorization only. H&HS has announced they anticipate running out of money for retirement checks around 2033, and this will necessitate a significant reduction of income for ALL retirees. The estimated cut in benefits is 25%. SO. We have…
Read More“Escaping Neverland”- How Your Mortgage Destroys Your Wealth Potential
I was planning to name this article “Ground Hog Day”, but figured I could kill two birds with one title and imply the other 😉 But, the point of that title is correct. Each day you waken to the same alarm clock, and the same routine for an eternity without any explanation or reason.…
Read MoreMortgages For People 62 Years Or Older
As you get older, your housing needs often begin to change. As your family members grow up and move out, as you retire and your income changes, and as your healthcare needs begin to change, it becomes necessary to plan ahead when it comes to housing and finances. If you are 62 years or older…
Read More“What Financial Planners Don’t Know”
A little “inside baseball” for you… Yes, this is directed to those of you who have worked EXTREMELY HARD, and LONG, and achieved a level of credentials that would take the remainder of my life to achieve; My hat is off to you, and I deeply regard your professional commitment to your Clients through your…
Read MoreReverse Mortgage Advice for Seniors
If you are a senior citizen who is interested in refinancing your home or getting a new mortgage, chances are, you have come across the term reverse mortgage. A reverse mortgage is a loan that is specifically for borrowers that are 62 years or older and can help them receive supplemental income to help with…
Read MoreDo I Need Reverse Mortgage Insurance?-For Retiree’s living in Hawaii Kai, Kaneohe, Waikiki, Ewa Beach, Honolulu, Wapahu, Pearl City, Kailua, Mililani, Manoa, Hilo, Kapole’i, Waikoloa Village, Kailua-Kona, Kamuela, Honoka’a, Waikoloa, & Mountain View
A reverse mortgage can offer a person who is 62 years or older an opportunity to supplement their retirement income or pay off the remainder of a mortgage. A reverse mortgage can be highly beneficial in almost all situations. If you are a senior citizen homeowner who is considering a reverse mortgage, and you want…
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