WHY REVERSE MORTGAGES MATTER RIGHT NOW

I continue to write about reverse mortgages because more and more people truly need them today. I’m currently helping two clients whose situations show how powerful this solution can be.

One client sold her home years ago, moved to a more affordable area near her daughter, and purchased her new home with cash. Now, in retirement and living on Social Security, she wants a line of credit for “a rainy day.” A reverse mortgage is the only product she qualifies for—and it gives her financial flexibility without requiring monthly mortgage payments.

My second client is going through a divorce and needs over $1 million to buy out her ex-husband. Although she is still working, her income is not high enough to qualify for a conventional loan of that size. Again, a reverse mortgage became the ideal solution.

These are just two examples among many. There are countless homeowners who have equity but need access to funds—whether for retirement, unexpected expenses, or major life changes. For them, a reverse mortgage can be a simple and effective solution.

So, I’ll ask you: Who do you know who needs money and has equity in their property? They may have more options than they realize.

If you have any questions or concerns, please read my book Retirement Solutions for Smart People: How to Accomplish Financial Comfort—available on Amazon—or feel free to contact me directly at mu cell: 415-225-7920 or by email: mannykagan@comcast.net.

Meanwhile, click this link to view my short clip I’ve recently recorded on the subject.

Manny Kagan,
President,
Pacific Bay Financial Corporation
Your professional mortgage broker since 1983

NMLS #205637
DRE #00874630