Retirement Planning – Consider More Than A Mortgage

Jun 19, 2011

Now that the nations two largest reverse mortgage originators have exited the revers mortgage business I am receiving more and more referrals asking about reverse mortgages.  These seniors are often well educated on how a reverse mortgage, also known as HECM, can improve their quality of life by providing cash, income, improved cash-flow all with no monthly mortgage payments.    I met with one senior last week that concluded through budgeting she would be able to join her husband in retirement three years earlier than originally planned by refinancing a traditional mortgage with a HUD insured reverse mortgage.

When budgeting for retirement senior home owners need to consider their lifestyles during retirement.  Here is a great video from Money Magazine on this topic:

 

For more information on reverse mortgages click here.

www.paulcantor.info

 

 

 

 

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