Recently a realtor I work with invited me to speak at a book club she has been a part of for many years.“Speak about what?” I wondered at first as I have never been in a book club.
Turns out there were two seniors in this group that wanted to learn more about Reverse Mortgages in a one on one setting.
I have been involved in a few larger workshops as a presenter to an audience of 30 or more people. Those types of presentations are great for the masses, but I think one on one or small group settings are the best.
Smaller groups don’t need power point projectors. No microphones. No stadium seating. Just me, front and center in the living room, explaining all aspects of a reverse mortgage.
Reverse Mortgages are getting more attention every day. There’s many reasons senior citizens are considering them today. Take this evening at the book club for example:
- Helen is in her 80’s and made her last payment of a 30-year mortgage only sixty days ago. Now she is looking at her possible options to use the homes equity in her favor. Her main excitement being there is no monthly payment to repay, as she is on a fixed income.
- Patti on the other hand owns a condo with plenty of equity. Her concern was that her retirement is tied up in their stock accounts. With Wall Street in such turmoil, and with her recent losses in her portfolio, she is debating what to do? Sit still? Pull her money out at a loss and pay tax penalties?
A great option for her could be a Reverse Mortgage. She can create a credit line and only draw on its funds when needed.
Remember the “The Big 3” advantages of a Reverse Mortgage.
- No Credit Score Requirements
- No Income Requirements.
- No repayment of the loan till the borrower leaves the primary residence.
Call me today if you would like a one on one to discuss Reverse Mortgages. Either in my office or in your living room.
Bryan Husen
