Retirement brings many changes. Your calendar and schedule is far different than they ever were before. It can also bring a lifestyle change when it comes to your home and the affordability of it. A couple of the most common things that affect retirees, and their home, is the affordability of their home and determining if the home they lived in for 20 or 30 years is still right for their needs.
Many retirees also discover that much of their assets are tied up in their home and accessing those funds, which can help them through retirement, are now inaccessible. REVERSE MORTGAGES are a solution for many that find themselves in this position.
I can tell you having recently assisted a client get into a reverse mortgage it has been a life changing moment for her.
Reverse Mortgages can help in many ways. They can help you create better cash flow for things that are important to you. However, more importantly, they can help you stay in your current home by eliminating your current monthly mortgage payment or they can even help you purchase a new home without having a mortgage payment! And all of this can be done with a very minimal qualifying process. In addition, to eliminating your mortgage payment, it can be arranged for you to actually receive a monthly cash disbursement from your home.
Understandably it may not be right for everyone, but it can be a useful tool for people that need to access the equity in their home to maintain the lifestyle they would like to have in retirement. If you would like to know more about the program and how we can make it work for you, please click on the tab above for “Reverse Mortgages.” Please contact me if you would like to further investigate this life changing tool for the retired.