Aging in Place and The Role
|
|
- Britney Marsh
- 8 years ago
- Views:
Transcription
1 Aging in Place and The Role of a Reverse Mortgage Joseph Cina Phil Goss Reverse Mortgage Professional l Reverse Mortgage Professional l
2 Aging in Place Aging in place is the ability to: Continue residing in current home Use products and services to allow and/or enhance ability to stay and age as circumstances change, in comfort of one s own home
3 Aging in San Bernardino County Current population estimate for San Bernardino County 1,999,332 of which an estimated 161,980 are 65 years of age and older. Source: U.S. Census Bureau 2006 Population Chart
4 Aging in Riverside County Current population estimate for Riverside County 2,026,803 of which h an estimated t 227,420 are 65 years of age and older. Source: U.S. Census Bureau 2006 Population Chart
5 Aging in Los Angeles County Current population estimate for Los Angeles County 9,948,081 of which an estimated 1,013,339 are 65 years of age and older. Source: U.S. Census Bureau 2006 Population Chart
6 Aging in the U.S. According to the U.S. Census Bureau, the latest population p estimate for the United States is 303,469,345.* 45,823, ( 15.1%) 1%) are aged 60 and older** 37,191,004 ( 12.4%) are aged 65 and older** *As of 19:01 GMT (EST+5) Feb. 19, 2008.**U.S. Census Bureau, 2006 American Community Survey
7 National Demographics Low income level makes it difficult to pay for supportive services and home modifications that could enhance aging in place. Older homeowners are more likely to sell the home if facing a crisis rather than tap into home equity. Source: United States Census Bureau Recent studies show that many older Americans including those Recent studies show that many older Americans, including those with serious health problems needing long-term care, want to live at home rather than in a care facility.
8 National Demographics (cont d) 82% of those age 62 and older own their own homes 74% of these own their homes free and clear This amounts to over $2 trillion tied up in ill-liquid home equity. A reverse mortgage has the potential to dramatically increase the ability of these homeowners to pay for long-term care and aging in place. 9.8 million households with residents aged 62 and older are dealing with an impairment that can make aging in place difficult. Of these, 1.8 million need immediate help with Activities of Daily Living (ADL) (bathing, feeding, dressing, etc) Nearly 2 million have difficulty with ADL s and 6 million have other functional limitations only. Source: National Council on Aging Use Your Home to Stay at Home Report, January 2005
9 National Demographics (cont d) These households could access as much as $695 billion of home equity through a reverse mortgage to help pay for care-giving and other long-term care expenses. Source: National Council on Aging Use your Home to Stay at Home Report, January 2005 Demographics
10 Aging in Place Resources Nationwide: Eldercare Locator (800) National Council on Aging: (202) County of Los Angeles: 211 City of Los Angeles: 311Aging ( )
11 What is a Reverse Mortgage?
12 What is a Reverse Mortgage? A reverse mortgage is a loan for homeowners 62 years of age and older that want to convert a portion of the equity in their home into cash or income without any monthly mortgage payments. No payments are required as long as one borrower lives in the home as their primary residence.
13 What is a Reverse Mortgage? Borrower Benefits (cont d) Keep home, retain title! Make no monthly mortgage payments No income, health, or credit qualifications Eligibility is based on age, home value, and interest t rate Non-recourse loan Maintain or reclaim financial independence
14 Eligibility Requirements Age of youngest borrower must be 62 years or older Home must be primary residence Home meets minimum FHA standards Pay off existing mortgage or other liens against the home
15 How can I use the proceeds? In-home healthcare Pay property taxes Healthcare costs & Pay insurance prescriptions Emergency fund Home improvement College funds for Pay off your existing grandchildren mortgage Supplement monthly Long-term Care income Charitable and family gifting Travel Retirement home purchase Estate planning It s your choice!
16 Product FHA Home Equity Conversion Mortgage Most common program Signed into law in 1989 Insured by the federal government through the Federal Housing Administration (FHA) Mortgage Insurance Premium Loan limits: $625,500 (2009) Adjustable and fixed rates Non-recourse loan
17 Products (cont d) Eligible Property Types Owner-occupied single family homes 1-4 unit property Condos and town homes Manufactured homes Built after June 1976 Must own land Payout Choices Lump Sum Line of Credit Term Payment Tenure Payment Combination of any of the above
18 Loan Repayment Loan is paid when the last surviving borrower sells, moves or passes away, or you may choose to pay off the loan early. When you move out of your home, your estate has 3 to 12 months to repay the loan.
19 New Program HECM for Purchase Program Can purchase existing 1- to 4 unit property Property must serve as principal residence Only HECM first and second liens against property Must provide monetary investment at closing from allowable funding source Must occupy property within 60 days Call for details
20 Generation Mortgage Company Generation Mortgage Company A New Generation In Reverse Mortgages
21 Generation Mortgage g Company Culture We love what we do, but more importantly, we care about our customers and our employees. Our passion to offer the best customer service enables us to be in this business for all the right reasons enriching seniors lives. There is no greater satisfaction than knowing we have made a positive difference in the life of a senior and that we helped them maintain their self-reliance through a reverse mortgage.
22 Generation Mortgage Company Knowledge and Innovation Generation Mortgage Company was founded by assembling a national team of professionals with extensive experience in all areas of the reverse mortgage industry. Comprised of reverse mortgage g pioneers and the National Reverse Mortgage Lenders Association (NRMLA) architects, we have many years of product knowledge and working relationships with Federal Housing Agencies. As a member of NRMLA, we adhere to a strict Code of Ethics that upholds the honor and integrity of all persons engaged in the reverse mortgage business.
23 Generation Mortgage g Company Support and Backing You Can Trust About Guggenheim Partners, LLC Guggenheim Partners, LLC, is the controlling shareholder for Generation Mortgage Company. Guggenheim Partners is a global diversified financial services firm with more than $125 billion in assets under its supervision. The firm provides its clients with service from a global network of offices throughout the Americas, Europe, and Asia. Employing more than 525 dedicated professionals, Guggenheim Partners specializes in wealth management, investment management, capital markets, and merchant banking. The Guggenheim name embodies a rich tradition of innovation and success in business, philanthropy, h education and investments. Since 1881, the Guggenheim Family s achievements have resulted from its pursuit of innovation and progress. The company mission is to create exceptional value through financial services. Additional information can be found at
24 Generation Mortgage Company A New Generation In Reverse Mortgages Contact: Joseph Cina & Phil Goss Reverse Mortgage Professionals TOLL FREE: Local: Local: Joe: Phil: ti t / / SOUTHERN CALIFORNIA BRANCH OFFICE: 146 N. Glendora Ave. #105 Glendora, CA Need a referral? Generation Mortgage Company Not all products and options are available in all states. Terms subject to change without notice. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.
Nationwide Mortgage Licensing System #222955
Nationwide Mortgage Licensing System #222955 Senior Concerns Is your mortgage paid off? Is your Social Security and/or pension sufficient? Rising costs of living: gas, health care, food, utilities, medications,
More informationSenior Concerns. Will you outlive your money?
NMLS #64997 Senior Concerns Is your mortgage paid off? Is your Social Security and/or pension sufficient? Rising costs of living: gas, health care, food, utilities, medications, etc. Fixed income with
More informationIs a Reverse Mortgage. the right answer for you or a loved one? Get the facts.
Is a Reverse Mortgage the right answer for you or a loved one? Get the facts. H ome is a special place. Whether it s been in your family for generations or you ve lived there only for a short time, you
More informationIs a Reverse Mortgage. the right answer for you or a loved one? Get the facts.
Is a Reverse Mortgage the right answer for you or a loved one? Get the facts. H ome is a special place. Whether it s been in your family for generations or you ve lived there only for a short time, you
More informationIs A Reverse Mortgage Right for You?
Is A Reverse Mortgage Right for You? NewRetirement s Guide to Reverse Mortgages www.newretirement.com (877) 394-1305 Table of Contents What is a Reverse Mortgage? Are You Eligible For a Reverse Mortgage?
More informationReverse Mortgage Presented by Ian MacGillivray, NMLS #638502 American Capital Corporation, NMLS #264422 Phone: 505-690-1089 Website:
Reverse Mortgage American Capital Corporation, Phone: 505-690-1089 Website: http://mortgagepartners-santafe.com Contents I. What Is a Reverse Mortgage? II. Benefits and Typical Uses III. Is the Home at
More informationHow To Get A Reverse Mortgage
Frequently Asked Questions 1. What is a reverse mortgage? 2. How does a reverse mortgage differ from a home equity loan? 3. What are the advantages of a reverse mortgage? 4. How much money can I get? 5.
More information2005 National LTCi Producer Summit
2005 National LTCi Producer Summit As Reverse Mortgage Popularity Soars, How Can You Tap the Growing Market? Adrian Prieto, Key Account Manager Financial Freedom Senior Funding Corp. Financial Freedom
More information1-800-290-3521 Extension 415 A Connecticut Company. Providing Our Clients With Excellent Opportunities... Outstanding Results
Reverse Mortgage Basics What is a reverse mortgage? The reverse mortgage is a safe and easy way for seniors to turn their home s equity into an additional source of income to meet any financial need. It
More informationNational Settlement Services Summit
National Settlement Services Summit Tapping into Reverse Mortgages & the Fastest Growing Mortgage Segment David Gutmann VP & Corporate Counsel Customized Lender s Services Ralph E. Rosynek, Jr. President
More informationHow To Get A Reverse Mortgage
Reverse Mortgage Credit Union Mortgage Association 9693-A Main Street Fairfax, VA 22031 Toll Free: (800) 231-8855 Ext. 128 Local: (703) 425-1204 Ext. 128 www.cumortgage.net Summary What is a Reverse Mortgage?
More informationWhat You Need to Know Before Considering a. Reverse Mortgage. Fair Housing Legal Support Center & Clinic
What You Need to Know Before Considering a Reverse Mortgage Fair Housing Legal Support Center & Clinic Reverse Mortgage Pros and Cons Pros A reverse mortgage may allow senior homeowners to age in place
More informationThe Facts. About Reverse Mortgages. without the hype
The Facts About Reverse Mortgages without the hype A reverse mortgage... Will it help me? Is it a good fit for my needs? Will I own my home? Do I qualify? Am I protected? These may be some of the thoughts
More informationSecure your financial future with a Reverse Mortgage today!
Steve Rivas President Call me with any questions always here to help. (888) 944-6262 steve@wphomeloans.com www.wphomeloans.com Secure your financial future with a Reverse Mortgage today! 1 What Are Your
More informationThe Facts About Reverse Mortgages. without the hype
The Facts About Reverse Mortgages without the hype A reverse mortgage... Will it help me? Is it a good fit for my needs? Will I own my home? Do I qualify? Am I protected? These may be some of the thoughts
More informationEnhance Your Financial Security. With a Home Equity Conversion Mortgage
Enhance Your Financial Security With a Home Equity Conversion Mortgage 1 Call for Additional Information 925-258-0386 1 Unlock Your Home s Equity We understand that you want to transition easily into the
More informationTable of Contents. Enjoy your retirement years 1. Loan App: Checklist 7
Table of Contents Enjoy your retirement years 1 Program Overview Why get a HECM? 1 HECM vs. Traditional Mortgages 1 HECM Benefits 1 Loan App: Checklist 7 Contact Information 8 Q and A 2 HECM SAVER Overview
More informationTHE FHA REVERSE MORTGAGE PROGRAM:
THE FHA REVERSE MORTGAGE PROGRAM: HELPING TEXAS SENIORS FINANCE RETIREMENT WITH THEIR OWN RESOURCES By: W. Scott Norman NMLS #543236 Sente Reverse Mortgage 901 S. MoPac, Building 4, Suite 125 Austin, Texas
More informationEnhance Your Financial Security
Enhance Your Financial Security With a Home Equity Conversion Mortgage Many homeowners across the nation have chosen a Home Equity Conversion Mortgage (HECM) to help them meet financial and personal goals.
More informationJust the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association
Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National Reverse Mortgage Lenders Association THE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION The National Reverse Mortgage
More informationGuide to Reverse Mortgages
Guide to Reverse Mortgages Prepared by Steve Juetten, CFP Juetten Personal Financial Planning, LLC. www.finpath.com 425-373-9393 Disclaimer: the information in this report was prepared from reliable sources;
More informationJust the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association
Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National Reverse Mortgage Lenders Association Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National
More informationConsumer Guide. The NRMLA. to Reverse Mortgages
The NRMLA Consumer Guide to Reverse Mortgages National Reverse Mortgage Lenders Association: Helping senior homeowners enjoy a comfortable retirement. Reverse mortgages are emerging as a significant financial
More informationSource: Genworth Financial Home Equity Access, Inc. Reverse Mortgage Study- 10/2008 2
REVERSE MORTGAGES 1 Source: Genworth Financial Home Equity Access, Inc. Reverse Mortgage Study- 10/2008 2 Benefits of a Reverse Mortgage Senior will receive money without having to leave their home No
More informationConsumer Guide. The NRMLA. to Reverse Mortgages
The NRMLA Consumer Guide to Reverse Mortgages National Reverse Mortgage Lenders Association: Helping senior homeowners enjoy a comfortable retirement. Reverse mortgages are emerging as a significant financial
More informationTable of Contents. Enjoy your retirement years 1. Program Overview Why get a HECM? 1 HECM vs. Traditional Mortgages 1 HECM Benefits 1.
Table of Contents Enjoy your retirement years 1 Program Overview Why get a HECM? 1 HECM vs. Traditional Mortgages 1 HECM Benefits 1 Q and A 2 JUMBO Reverse Overview What is a Jumbo Reverse? 3 HECM Loan
More information1-800-555-5555. 800-818-2946 www.com
Call our our Senior Senior Helpline Call Helplinetoday: today: 1-800-555-5555 800-818-2946 www.com Advisor: Stuart Hindemit Please consult with your tax advisor. Borrower must continue to pay for property
More informationSecure your financial future with a Reverse Mortgage today!
Secure your financial future with a Reverse Mortgage today! 1 What Are Your Retirement Goals? Are you on track to meet your needs and satisfy your wants, now and in the future? Pay off your existing mortgage*
More informationConverting Home Equity into Income: A Reverse Mortgage Review
Converting Home Equity into Income: A Reverse Mortgage Review Are you interested in the possibility of converting equity in your home into cash without having to move or assume debt that has to be currently
More informationREVERSE MORTGAGE GUIDE
REVERSE MORTGAGE GUIDE Retire comfortably with a Reverse Mortgage CRAIG MINTON - AMERICAN NATIONWIDE MORTGAGE - 757-254-1331 Introduction Hello my name is Craig Minton, Regional Manager and Reverse Mortgage
More informationHelping Your Parents Live Independently: Using the home as a financial tool
A guide for family members Helping Your Parents Live Independently: Using the home as a financial tool S tudies show overwhelmingly that, as a society, we want to age-in-place. In other words, we want
More informationA Guide To Reverse Mortgages
A Guide To Reverse Mortgages What is a Reverse Mortgage? A Home Equity Conversion Mortgage (HECM) is a program designed for seniors that is ensured by the Federal Housing Authority (FHA). The program was
More informationThe New Tool For Retirement Income Planning. Presented by: Becky Bell, Regional VP, Mortgage Banking
The New Tool For Retirement Income Planning Presented by: Becky Bell, Regional VP, Mortgage Banking Why Consider a Reverse Mortgage? Allows Clients to Take a Dormant Asset (Home Equity) and Put it to Work
More informationUSE YOUR HOME TO STAY AT HOME
USE YOUR HOME TO STAY AT HOME Role of Reverse Mortgages to Pay for Long-Term Care at Home Press Briefing National Council on the Aging January 26, 2005 Contact: Scott Parkin, NCOA VP Communications 202-479-6975
More informationhousing information www.housing-information.org Reverse Mortgages A project of Consumer Action
housing information www.housing-information.org Reverse Mortgages A project of Consumer Action One of the major benefits of buying a home is the opportunity to build equity, or ownership, in the property.
More informationReverse Mortgage Basics. Norma P. Garcia Senior Attorney Consumers Union May 28, 2012
Reverse Mortgage Basics Norma P. Garcia Senior Attorney Consumers Union May 28, 2012 What is a reverse mortgage? It s a loan against the equity in an elder s home Instead of making monthly payments to
More informationConverting Home Equity into Income: AReverseMortgageReview
Converting Home Equity into Income: AReverseMortgageReview Are you interested in the possibility of converting equity in your home into cash without having to move or assume debt that has to be currently
More informationHow To Get A Home Equity Conversion Mortgage
The Facts About Reverse Mortgages without the hype A reverse mortgage... Will it help me? Is it a good fit for my needs? Will I own my home? Do I qualify? Am I protected? These may be some of the thoughts
More informationA GUIDE TO. reverse mortgages. Live the retirement you dreamed
A GUIDE TO reverse mortgages Live the retirement you dreamed Guide Content 14What Is A Reverse Mortgage? 24How Do I Qualify? 34 What Can A Reverse Mortgage Be Used For? 44How Much Money Could I Qualify
More informationJanuary 28, 2015 Kauffman Conference Center
January 28, 2015 Kauffman Conference Center Changing Housing Needs for Older Adults Reverse Mortgages: Opportunities and Challenges Pete Mendenhall, CRMP, CAPS North American Savings Bank Understanding
More informationReverse Mortgage Information Guide
Reverse Mortgage Information Guide Table of Contents FHA Reverse Mortgages 3 Common Misconceptions about Reverse Mortgages 4 How the Program Works 4 Benefits of a HECM loan 4 HECM vs. Traditional Mortgage
More informationFrequently asked questions for advisors
1. How does your client qualify for a reverse mortgage? To become eligible for a reverse mortgage, the borrower must be at least 62 years old and own their home And have enough equity in the house to pay
More informationTHE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION
THE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION The National Reverse Mortgage Lenders Association is a nonprofit trade association, based in Washington, DC, whose mission is to support the continued
More informationU.S. Government Guaranteed HECM Reverse Mortgage Information Guide
To learn more please call our Reverse Mortgage Department at 302-283-4687 or toll free at 1-888-WSFSBANK (1-888-973-7226), or visit www.wsfsbank.com/reversemortgages. U.S. Government Guaranteed HECM Reverse
More informationJust the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association
Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National Reverse Mortgage Lenders Association THE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION The National Reverse Mortgage
More informationWHAT IS A REVERSE MORTGAGE? HOW DOES IT WORK? REVERSE MORTGAGE PROCESS FREQUENTLY ASKED QUESTIONS WHY ONE REVERSE MORTGAGE MEET A FEW EXPERTS
1... WHAT S INSIDE WHAT IS A REVERSE MORTGAGE? HOW DOES IT WORK? REVERSE MORTGAGE PROCESS PROCESS DETAILS A FAMILY DECISION LOAN OPTIONS FREQUENTLY ASKED QUESTIONS WHY ONE REVERSE MORTGAGE MEET A FEW EXPERTS
More informationGovernment Insured Reverse Mortgage
Government Insured Reverse Mortgage HECM (Home Equity Conversion Mortgage) Independence & Peace of Mind for Seniors From the company providing Mortgage options Since 1968. What is a HECM or Reverse Mortgage
More informationHome Equity Conversion Mortgage Basics
Home Equity Conversion Mortgage Basics Kelly Zitlow NMLS#164330 Vice President, CMPS 480.398.4908 kzitlow@ccmclending.com www.kellyzitlow.com Cherry Creek Mortgage Co., Inc. NMLS#3001 AZ BK#0904024 17015
More informationReverse Mortgages (HECM) Helping Seniors
Reverse Mortgages (HECM) Helping Seniors What is a Reverse Mortgage? A reverse mortgage is a non-recourse loan that allows homeowners to access a portion of their home equity. (Traditional refinance)
More informationThere are no asset or income limitations on borrowers receiving HUD's reverse mortgages.
DEPARTMENT OF HUD REVERSE MORTGAGE INFORMATION Homeowners 62 and older who have paid off their mortgages or have only small mortgage balances remaining are eligible to participate in HUD's reverse mortgage
More informationReverse Mortgage Glossary of Terms
Reverse Mortgage Glossary of Terms Acceleration Clause Adjustable Rate Annuity Appraisal Appreciation Available Principle Limit Change of Circumstance Closing Condemnation Correspondent Cost to Cure Credit
More informationReverse Mortgage. Fast Facts Information to help you understand how a reverse mortgage may help you improve your quality of life.
Reverse Mortgage Fast Facts Information to help you understand how a reverse mortgage may help you improve your quality of life. how can a reverse mortgage Help me? improve your quality of life with A
More informationMaggie O'Connell Reverse Mortgage Store 800-489-0986
The Essentials: Reverse Mortgages For many homeowners age 62 and over, a reverse mortgage could be an important tool for financial flexibility. It can provide a way to access part of your home equity to
More informationHow To Understand Reverse Mortgages
General Topics Reverse Mortgages? Everything you ever wanted to know about Reverse Mortgages and their relationship with long term care 1 Reverse Mortgages? Producer: Karim Hatata Speakers: Karim Hatata
More informationReverse Mortgages from Live Well Financial
Reverse Mortgages from Live Well Financial What is a reverse mortgage? A reverse mortgage is a tool that allows you to access the equity you ve built up in your home in the form of cash. Essentially, it
More informationJust the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association
Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National Reverse Mortgage Lenders Association Published by THE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION The National Reverse
More informationReverseMortgages.com, Inc. A Guide to Reverse Mortgages
ReverseMortgages.com, Inc. A Guide to Reverse Mortgages Table of of Contents Introduction Introduction Our Commitment to You Is a Reverse Mortgage Right for You? Getting Your Reverse Mortgage: Questions
More informationA Smart Choice Learn How The New Reverse Mortgage May Fit Into Your Retirement Plan.
A Smart Choice Learn How The New Reverse Mortgage May Fit Into Your Retirement Plan. Retire With Confidence For years you ve planned for your retirement. Along the way, you ve made lots of smart decisions,
More informationOperations & Technology
Operations & Technology Using Reverse Mortgages to Fund Longevity Michael Banner National Education Director Security One Lending American C.E. Institute 1 Who Is Eligible? Clients over age 62 Principal
More informationC o n v e r t i n g Y o u r H o m e s E q u i t y i n t o C a s h
R E V E R S E M O R T G A G E S E R V I C E S C o n v e r t i n g Y o u r H o m e s E q u i t y i n t o C a s h 2010 Wilmington Savings Fund Society, FSB Member FDIC All Rights Reserved 015 6-10 From your
More informationReverse Mortgage Guide
Reverse Mortgage Guide Reverse Mortgage Answers, LLC Find out why 25 years of experience makes a difference (800) 420-5515 www.rmanswers.com What is a Reverse Mortgage and How does it Work? A Reverse Mortgage
More informationFHA Reverse Mortgages for People 62 Years and Older
FHA Reverse Mortgages for People 62 Years and Older If you are age 62 or older you may want to participate in FHA's Home Equity Conversion Mortgage (HECM), better known as the Reverse Mortgage, program.
More informationREVERSE MORTGAGE GUIDE. The Essentials. All Reverse Mortgage Company (888) 801-2762
REVERSE MORTGAGE GUIDE The Essentials All Reverse Mortgage Company (888) 801-2762 What s Enclosed What is a Reverse Mortgage? A Reverse Mortgage is a big decision but Is it the right decision for you?
More informationReverse Mortgage Is it right for you?
Reverse Mortgage Is it right for you? Reverse Mortgages are being hyped as a tremendous tool for retirement income. This type of mortgage uses part of the equity in a home as collateral. A Reverse Mortgage,
More informationReverse Mortgage. Work With a Local Expert
Reverse Mortgage Work With a Local Expert I offer a variety of reverse mortgages (HECM FHA, Jumbo, Purchase and Fixed Rate) designed to eliminate current mortgage payments and give borrowers easier access
More informationEnhance Your Financial Security. With a Home Equity Conversion Mortgage
Enhance Your Financial Security With a Home Equity Conversion Mortgage 1 Call for Additional Information 888.732.1005 1 Unlock Your Home s Equity We understand that you want to transition easily into the
More informationCONSUMER ALERT REVERSE MORTGAGES
CONSUMER ALERT MIKE COX ATTORNEY GENERAL The Attorney General provides Consumer Alerts to inform the public of unfair, misleading, or deceptive business practices, and to provide information and guidance
More informationWelcome. YourHomeYourEquity.com. Integrity Mortgage Group I 2220 Highway 17 I Little River, SC I Phone: (843) 491-1436
Welcome Reverse Mortgage Information presented by, Integrity Mortgage Group David Stacy Director of Reverse Mortgage Lending (843) 491-1436 Office (843) 267-6789 Cell A Brief History of Reverse Mortgages
More informationCounseling Kit Overview
Counseling Kit Overview For More Information: Contact your Reverse Mortgage Advisor This Counseling Kit has been assembled to assist you in preparing for your required HUD counseling session. The Counseling
More informationREVERSE MORTGAGE. for purchase. A guide for home buyers
REVERSE MORTGAGE for purchase A guide for home buyers ARE YOU Downsizing or moving into a more suitable home? Having trouble qualifying for traditional financing? Tired of monthly mortgage payments? Your
More informationReverse. Mortgage. Presentation
Reverse Mortgage Presentation Copyright 2004, 2005, 2006 by National Reverse Mortgage Education Center All rights reserved Overview Enables homeowners age 62 and older to turn a portion of their home s
More informationReverse Mortgages: Explained
Reverse Mortgages: Explained When To Recommend and When To Be Avoided Presented by Karl Parize Broker # 01364278 History of Reverse Mortgages During the 1970s, several private banks offered Reverse Mortgage
More informationYour Home s Equity Can Give Retirement Life a Boost. 2013 Wilmington Savings Fund Society, FSB Member FDIC All Rights Reserved 015 1-13
R E V E R S E M O R T G A G E S O L U T I O N S Your Home s Equity Can Give Retirement Life a Boost 2013 Wilmington Savings Fund Society, FSB Member FDIC All Rights Reserved 015 1-13 From your first savings
More informationUSA Reverse. Learn the Facts about Reverse Mortgages. Danny Glover - Human Rights Activist
Learn the Facts about Reverse Mortgages Danny Glover - Human Rights Activist Single-purpose Reverse Mortgages Single-purpose reverse mortgages are the least expensive option. They re offered by some state
More informationReverse Mortgages: A Guide for Consumers. A New Report from THE AMERICAN ADVISORY COUNCIL
Reverse Mortgages: A Guide for Consumers A New Report from THE AMERICAN ADVISORY COUNCIL This publication is designed to provide accurate and authoritative information regarding the subject matter covered.
More informationPut your home to work for you
Put your home to work for you Sara A. Cornwall 2507 Post Road, Southport CT 06890 Phone: 203-319-5014 Email: Sara.Cornwall@WellsFargo.com What is a reverse mortgage It s a home loan that enables you to
More informationModule 8: Reverse Mortgages and Other Private Financing Options for Long-Term Care. Posted 5/31/05
Module 8: Reverse Mortgages and Other Private Financing Options for Long-Term Care Posted 5/31/05 Answers to Key Questions What LTC financing options are available other than insurance? What are the differences
More informationWhat You Should Know About Reverse Mortgages
What You Should Know About Reverse Mortgages The FHA s Program Reverse mortgages are becoming popular in America. HUD's Federal Housing Administration (FHA) created one of the first. The Home Equity Conversion
More informationUnderstanding Home Equity Conversion Mortgages
Understanding Home Equity Conversion Mortgages Discover how to Unlock the Equity in your Home Reverse Lending Experts What Are Your Financial Goals? Are you on track to meet your retirement needs and satisfy
More informationSeniors Reverse Mortgage Fact File and Answers to Frequently Asked Questions
Seniors Reverse Mortgage Fact File and Answers to Frequently Asked Questions A public information service from Access Reverse Mortgage 1-888-340-0305 2014 Access Reverse Mortgage Corp.. All rights reserved.
More informationReverse Mortgage Counseling 101
THE ESSENTIALS REVERSE MORTGAGES The MetLife Mature Market Institute Celebrating its 15-year anniversary in 2012, the MetLife Mature Market Institute is Metropolitan Life Insurance Company s (MetLife)
More informationSeries of Policy Briefings Summary of August 6, 2004 Briefing 5. Use of Housing Equity for Long-Term Care Special Look at Reverse Mortgages
Series of Policy Briefings Summary of August 6, 2004 Briefing 5. Use of Housing Equity for Long-Term Care Special Look at Reverse Mortgages The Minnesota Department of Human Services and the Minnesota
More informationReverse Mortgages vs. the 1% CFA with SPIA Copyright 2006
Reverse Mortgages vs. the 1% CFA with SPIA Copyright 2006 The Wealth Preservation Institute 378 River Run Dr. St. Joseph, MI 49085 269-408-184 www.thewpi.org 1 Harnessing the power of reverse mortgages
More informationKey Points: Conventional Loans:
Key Points: Conventional Loans: Less regulation and more discretion than government loans. Can be cheaper than FHA and VA because FHA requires 2 mortgage insurances and VA requires VA funding fee. Sometimes
More informationReverse Mortgage Facts & Answers to Frequently Asked Questions
Reverse Mortgage Facts & Answers to Frequently Asked Questions Access Reverse Mortgage Corporation 1-888-340-0305 Toll-Free 2999 Tyrone Blvd N St. Petersburg, FL 33710 www.accessreversemortgage.com NMLS
More informationSENIOR HOME EQUITY INCREASES FOR THIRD STRAIGHT QUARTER
Contact: Katie Oehl Rasky Baerlein Strategic Communications Koehl@Rasky.com (202) 530-7709 SENIOR HOME EQUITY INCREASES FOR THIRD STRAIGHT QUARTER FOR IMMEDIATE RELEASE March 20, 2013 WASHINGTON, D.C.
More informationHiggins Capital Management, Inc.
Higgins Capital Management, Inc. Deborah M. Higgins President and Founder 2223 Avenida de la Playa Suite 210 La Jolla, CA 92037 800-716-6510 858-459-7451 debbie@higginscapital.com www.higginscapital.com
More informationUnderstanding Home Equity Conversion Mortgages
Understanding Home Equity Conversion Mortgages Discover how to Unlock the Equity in your Home Stephen Gargano Manager NMLS # 64495 Reverse Mortgage Dept SEFCU MORTGAGE SERVICES 1131 Rte 55, Suite 4 Lagrangeville,
More informationReverse Mortgages Overview
Reverse Mortgages Overview An Overview of Reverse Mortgages In 1987 President Ronald Reagan authorized the Department of Housing and Urban Development (HUD) to create the Home Equity Conversion Mortgage
More informationA Guide to Reverse Mortgages
A Guide to Reverse Mortgages You may have heard about reverse mortgages on television or from a friend and are not quite sure what they are, or you may already know what a reverse mortgage is and are not
More informationHow HECMs Work. Prepared by Genworth. Reverse Mortgages: A Financial Planning Tool
How HECMs Work Prepared by Genworth Reverse Mortgages: A Financial Planning Tool What is a HECM? A Home Equity Conversion Mortgage (HECM) is a FHA-insured non-recourse loan that allows homeowners, age
More informationJust the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association
Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National Reverse Mortgage Lenders Association Published by THE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION The National Reverse
More informationU.S. Department of the Treasury Information Guide Regarding Reverse Mortgage
U.S. Department of the Treasury Information Guide Regarding Reverse Mortgage Federal Housing Administration U.S. Department of Housing and Urban Development Basics about Reverse Mortgages What is a reverse
More informationEnjoy Retirement In Your Dream Home. Home Equity Conversion Mortgage for Purchase Guide
Enjoy Retirement In Your Dream Home Home Equity Conversion Mortgage for Purchase Guide At Towne, we recognize the unique financial needs of the senior community. A Home Equity Conversion Mortgage (HECM)
More informationReverse Mortgage Lending Now in Fast Forward
Reverse Mortgage Lending Now in Fast Forward Brian King BenchMark Consulting International The Reverse Mortgage business has been discovered! According to the National Council on Aging, over 80% of people
More informationReverse Mortgage Information
Reverse Mortgage Information A reverse mortgage is a special type of loan used by older Americans to convert the equity in their homes into cash. The money from a reverse mortgage can provide seniors with
More informationU.S. Department of the Treasury Information Guide Regarding Reverse Mortgage
U.S. Department of the Treasury Information Guide Regarding Reverse Mortgage Federal Housing Administration U.S. Department of Housing and Urban Development This Consumer Advisory on Reverse Mortgages
More informationIs a Reverse Mortgage Right for You?
The information contained herein has been obtained from sources that we believe to be reliable, but its accuracy and completeness are not guaranteed. Any examples shown on this website are purely hypothetical
More informationThe Cost and Benefit of Reverse Mortgages
The Cost and Benefit of Reverse Mortgages Han B Kang Illinois State University ABSTRACT There has been a growing popularity of reverse mortgage among senior citizens who need cash. The loan allows homeowners
More informationHome Equity Conversion Mortgage (HECM) for Home Purchase
Home Equity Conversion Mortgage (HECM) for Home Purchase A Guide to HECM s Home Equity Conversion Mortgage (HECM) for Home Purchase A Home Equity Conversion Mortgage for Purchase can be life-changing for
More information