Being in the advanced age presents many challenges. One of them is how to have enough money to stay alive. Since many live a longer life, often money runs out, before they are ready to go into the next world. If this person owns a property without a mortgage, they might be lucky, since in these cases we might be able to get them a reverse mortgage. If there is still a mortgage, the amount of money is going to be less.

Recently, I was helping a client who is in her late 90’s. She lives in her house and has a 24-hour in-home support. That costs her family $17,700 each month. I was able to arrange a $711,000 reverse mortgage for the lady that will give her 40 months to stay afloat. Fortunately, her daughter had the power of attorney. However, she needed to coordinate everything with her brother, who was not very cooperative.

You can learn more about how to deal with these circumstances from the video, which was taken during our recent staff meeting where we listened to a presentation by Longbridge Financial.

If you need assistance, please don’t hesitate to contact me:
Cell: (415) 225-7920;
Email: [email protected]

I promise to help!

Manny Kagan,
President,
Pacific Bay Financial Corporation

NMLS #205637
DRE #00824602