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elderly: Have You Prepared Your Power of Attorney Document? - 05/18/12 06:38 AM
 
Have You Prepared Your Power of Attorney Document?
 
It's very important to have in place, a Durable General Power of Attorney for financial transactions in the event you become incapacitated.  Many families are now assisting their aging parents in finding ways to pay for in-home care. A natural place to look for the money to pay for home care is home equity.  An excellent tool to tap into that equity is a reverse mortgage. But if the aging parent is not of sound mind and cannot make financial decisions on their own, a previously executed power of attorney will … (0 comments)

elderly: Can you get a reverse mortgage when your home is paid off? - 03/04/12 09:53 PM
This is a question I am asked on occasion and it catches me by surprise every time because it seems to be such a basic part of reverse mortgages. That is, tapping equity to use in retirement. But it reminds me also that reverse mortgages remain a mystery to some.
A reverse mortgage is wonderful for people who don’t have an existing mortgage. Since you don’t have a mortgage to pay off, there are more available funds to you in a line of credit or monthly tenure or term
payments.
Remember, a reverse mortgage is structured like a regular mortgage in … (1 comments)

elderly: Just Because You’re Old Doesn’t Mean People Can Tell You What To Do! - 02/18/12 05:37 PM
 
 
 Just Because You’re Old Doesn’t Mean People Can Tell You What To Do!
 
This article caught my attention. Son tried to evict 98 year old mother from home The son of a 98 year old woman tries to evict his own mother from her home  She had signed the home over to him years earlier.  And he’s not a compassionate person obviously.  But she doesn’t want to leave her home.  Most seniors I meet have an adamant desire to remain in their home until they ‘go out feet first’ as many say.  The first lesson we can learn is, … (7 comments)

 
Maggieoconnell_b Rainmaker_large

Maggie O'Connell

Livermore, CA

More about me…

American Pacific Mortgage - Reverse Mortgages

Address: 1548 Catalina Ct. Livermore, CA 94550, Livermore, CA, 94550

Office Phone: (800) 489-0986

Cell Phone: (800) 684-9438

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In this blog, I go into detail on reverse mortgage information through questions seniors and their families ask, industry news and current events, new program & rate options, client stories and experiences and more. From my 20 years experience as a reverse mortgage specialist, I can help guide and educate you and answer the question, is a reverse mortgage right for you and if so, what is the best option with lowest costs, interest rates and payment plan. I am easily accessible and will be happy to talk with you. Maggie O'Connell direct line 800-684-9438. American Pacific Mortgage maggie@rmstore.net www.RMStore.net Cal DRE# 01151456 #01215943 NV #45747 #164 NMLS #279499 #396955 #330948 #1850 Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Equal Housing Opportunity


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