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REVERSE MORTGAGE MIAMI – Not Just for the Desperate

Phil Stevenson shares a story about the use of a reverse mortgage by one of his clients. With our growing population of senior citizens, every real estate professional should take the time to become educated on the use of reverse mortgages. Too many agents fail to recommend the product because of their lack of knowledge.

The colors of winter in Maryland. Life is good! 
This is a story about a Reverse Mortgage in Coral Gables, Miami, Florida…
Many believe that the Reverse Mortgage is for the poor, desperate, or those on the verge of foreclosure.  My grandfather feels the same way, but after years of explanation and my Aunt Uncle, and I offering our support my grandparents used the Reverse Mortgage for themselves.  Unfortunately, there are a lot of myths and misunderstandings about the program.  This blog is not about the program and how it works; rather it’s about different clients of mine who have closed using the program and why they did it.
 
I March of 2010 a prospective client, whose home is in Coral Gables, contacted me via the internet.  He didn’t give me a phone number to call, instead he left his address and fax number.  ... more

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