A good summary of the 9 ways to use a reverse mortgage was published by Mary Beth Franklin – in Investment News June 2016. Investment News is a leading reference source for Financial Planners. Titled “9 surprising ways to use a reverse mortgage” is an excellent summary of how a reverse mortgage can compliment a solid financial plan.
- Pay off an existing mortgage
- Replace a home equity line of credit
- Protect your portfolio
- Fund future long-term care or income needs
- Create a Social Security bridge following basic
- Manage Taxes
- Pay Roth conversion taxes
- Buy a new home
Working with an experienced reverse mortgage loan officer is the key to make sure the guidance and education shared with a client is on point and considers the overall financial plan of the senior. Clay Selland is a CPA and the owner/broker of Signet Mortgage Corporation. Clay is uniquely qualified to assist as they consider financing of their home including conventional and reverse mortgage financing and how it fits with their financial plans now and going forward. Contact me today to find out if a Reverse Mortgage is the best option for you!
Clay Selland, President Signet Mortgage Corporation 925-807-1500 x303 Clay@SignetMortgage.com NMLS#183492