Financial Planners are rethinking Reverse Mortgages

Retirees are living longer and it seems to be a revelation for Financial Planners as they scramble to help their clients. Stretching those retirement dollars has become less of a challenge when planners use their clients home equity to provide lifetime income. I have a perfect illustration that planners can use to make it work in a very conservative plan.

Home prices are continuing to climb in the Bay Area and areas like Castro Valley, Fremont, San Leandro, Hayward, Oakland and Berkeley are seeing 15 – 25 offers on all home sales.

This means that supply and demand are taking prices back to where they were in 2008. Maybe not there yet but some homeowners who are waiting in the wings for improved prices may soon be motivated to sell.

Check out my website and let me know if you want some information.


About Marty Appel

I work with clients who are looking to purchase a home or refinance their existing mortgage using the FHA HECM (Home Equity Conversion Mortgage). I have developed a specialty with over 14 years’ experience in reverse mortgages. I pride myself on my ability to assist older homeowners navigate the reverse mortgage process with ease and confidence. I help seniors improve their financial future and remain in their homes. My technical knowledge of FHA rules and lender policies help clients avoid the pitfalls in the loan process experience. My passion and longevity make me an excellent source of valuable information about everything there is to know about a reverse mortgage.
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