What is a Reverse Mortgage and Is It Right for YOU?
As the senior population continues to grow, achieving sufficient income often presents significant challenges. Social security payments rarely provide adequate funds. Many elderly do not have substantial pensions or retirement accounts and family members may not be able to provide the needed financial support.
The reverse annuity mortgage is a real estate tool that may provide an effective solution to for many of the elderly population. This innovative approach can enable seniors to reduce their financial stress, and live more enjoyable and happier lives without losing the homes they worked so hard to acquire. Carl Guzman, an expert in reverse annuity mortgages, will help you understand this innovative tool and when it may be used appropriately to provide financial support.
Gain an understanding of reverse annuity mortgages including...
How to understand if a Reverse Mortgage is right for you
Pros of a Reverse Mortgage - Will it make life easier?
Qualifying for a reverse mortgage
Strategies for using the proceeds to upgrade your quality of life
How much can be obtained from a reverse mortgage
Reverse product choices, payments, and how they work
How a reverse loan is paid back to the lender and who is responsible
Tax ramifications of a reverse mortgage
The effects of a reverse mortgage on current benefits