Copyright 2020 All rights reserved. Use by written authorization only. Check out Part 3: Scenarios for using a Reverse Mortgage Before or After Retirement. Let’s now look into several of the myriad ways to use a reverse in retirement income planning. There are more. YOU will create more. 1. Social Security Income planning: Remember a…

Copyright 2020 All rights reserved. Use by written authorization only. Read Part 2 here: General Illusions of the Reverse HELOC – Disproved In Part 3,  I want to show you our lifetime in 2 capacities…Borrowing BEFORE retirement, and borrowing AFTER retirement. During your working years, you have “working era” mortgages. But, at 62? The Client…

Copyright 2020 All rights reserved. Use by written authorization only. Read Part 1 here: “How Financial Planners Can Use a Reverse HELOC to Help Their Clients.” Let’s continue on by addressing general illusions that many people about regarding the Reverse HELOC. 1. Loss of home. False. It is a demonstrable FACT you have a substantially higher exposure…

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…

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…

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…

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…

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…

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…