In my 20+ year career as an appraiser, realtor and now a loan officer, I saw a great need in the industry for Baby Boomers that are retired or preparing to retire.

I work with Financial Planners, Estate Planning Attorneys and Realtors to relieve cash flow issues in retirement.

Few people feel that they have saved and invested enough before they retire and to maintain their lifestyle.

The top 4 worries for retirees are:

1. Will I run out of money?
2. Being a burden on my children.
3. Aging and preparing for unforeseen medical issues.
4. Leaving a legacy for my children.

Like Social Security and Medicare, Reverse Mortgages are a government program put in place in 1988 to help retirees afford to stay in their homes.

A Reverse Mortgage is just a mortgage, you still own your own home, you can sell it or refinance but you can’t rent it, it must be owner occupied. Your heirs still receive the process of the sale just like a Forward Mortgage.

If you are one of the few people that have saved enough, then a Reverse Mortgage might not be a good product for you. However, there are great tax advantages and wealth management advantages for people that have invested well and they should still educate themselves about this product.

I understand every step of the process and prepare and educate my clients in all phases of the reverse mortgage to create the best outcomes.