I get a lot of questions regarding Reverse Mortgages. As a Certified Mortgage Planning Specialist® I use various mortgage planning strategies to help my clients achieve their financial goals. Because of this unique, advisory role I take, I work with financial planners, advisers, and CPA’s to help their clients achieve their financial goals. Much of what their clients are concerned about is retirement. What will their standard of living be like? How much money will they have to spend each month? Will they be able to afford a happy retirement?
In answering these questions and solving these problems a Reverse Mortgage is often an option that can work but people have many questions about this type of loan. I always take the time to candidly answer any and all questions but here is a link to HUD’s very well written Frequently Asked Questions list about reverse mortgages. You may find the answers to many of your questions there.
A reverse mortgage can be a real life saver but they aren’t for everyone. There is a jumbo loan option for reverse mortgage as well. If you don’t find your answers to your questions at the link above please don’t hesitate to give me a call at 916-502-1656 and I’d be more than happy to answer those questions for you. You can also submit an online inquiry at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html and we’ll be get right back to you.
Reverse Mortgages FAQ"s
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