Most people think that a Reverse Mortgage is a last resort for desperate people who have fallen on hard times. They think, “The bank gives me money out of my house, and when I die the bank keeps the house.” This is the fathest thing from the truth.
Changing the Way you think about Reverse Mortgages
A Reverse Mortgage is actually a financial tool you can use to leverage the equity from your home to promote a better financial position in your retirement years.
Today’s Reverse Mortgage has built-in safety features so retired folks can enjoy their “Golden Years” without the worry of financial turmoil. The government wants retirees to be self-reliant, verses being forced into the system where they would live out their years with limited means. If your house has equity, it’s a dormant asset there to use. You can be utilizing that equity for something relevant, something good for your situation.
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We have had a very positive experience working with Bobby King over the past seven years. He is very knowledgeable, approachable and keeps us up to date with the latest investment advice.
— Kiernan and Pat