Why Do Many Financial Planners Recommend Reverse Mortgages To Their Clients?

More information about reverse mortgages:

  • When the homeowner may need to access home equity and won't qualify for a traditional loan.
     
  • When it is better for the homeowner to delay receiving social security benefits to qualify for a higher benefit.
     
  • When the homeowner's investment portfolio is earning higher reutrns than the interest rate on the reverse mortgage.
     
  • To purchase long term care unsurance or pay for home care.
     
  • To supplement investment income (when interest earned is very low, like now).

 

Unlike traditional home equity lines, reverse mortgage equity lines cannot be cancelled by the lender, never expire (until you move from your home) and automatically increase every year! New low-cost "saver" products make a reverse mortgage a smart addition to many homeowners' portfolios!

 

FOR A FREE, CONFIDENTIAL ANALYSIS OF HOW A REVERSE MORTGAGE COULD WORK FOR YOU, CONTACT US TODAY!

Holmgren and Associates

DBA of Finance of America
1900 Mountain Boulevard
Oakland, California 94611
Phone: 510-339-2121
NMLS 0910184/1071
 

Holmgren & Associates is a branch of Finance of America. We are a full service mortgage banker with an experienced staff offering expertise in residential mortgage lending, with primary focus on loans for home purchase, refinance, and reverse mortgages.

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