An April article in Registered Rep magazine by Kevin McKinley details how a senior can purchase a home with a reverse mortgage. Not sure I would start out an article challenging the knowledge of financial advisors as he does but he continues highlighting “….a lesser-known yet more-intriguing use of the financial tool: letting qualifying buyers purchase a home with a decent down payment, but no mortgage to pay off, and with no in-depth consideration of their income, assets, or credit situation.” You can read the article HERE (10 second sponsored intro)…or you can give me a call and I would be happy to spend some time with a short presentation outlining how a reverse mortgage should be a consideration in any retiree’s portfolio. Heck, I can do a presentation for the entire office and it qualifies for CE credit!
Let me know what I can do to help.
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