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What Your Heirs Should Know If You Have A Reverse Mortgage

By
Real Estate Agent with Brokers Guild Cherry Creek Ltd IA100052670

What Your Heirs Should Know If You Have A Reverse Mortgage. 

REVERSE MORTGAGES HAVE CHANGED! 

Do you have an existing Reverse Mortgage or are you considering a Reverse Mortgage? 

Give them a 2nd look! 

The bad rap given reverse mortgages needs to be walked back. 

Today, a Reverse Mortgage can be the best financial tool a "Vintage Player™" can use in estate planning.

They key to understanding the reverse mortgage is to attend as many presentations as it takes to really see the value for your financial situation.  My husband and I attended 5 events before embracing the value and seeing how this can be a strategy to supplement retirement years! 

This versatile loan product can be the answer many "Classic Citizens" are looking for when trying to stay in their home.  However, unless those seniors and their heirs or executors understand what is expected of them once the borrowers are no longer living in the home, there can be some confusion, frustration and possibly the loss of the asset’s greatest potential.

Join us as Don Opeka with Orion Mortgage, Inc. explains how to navigate the post-Reverse Mortgage requirements and how to best prepare ahead of time for the most favorable outcome.

This seminar is beneficial for potential borrowers and their adult children / support system as well as professionals who work with seniors in any capacity.

Heritage Todd Creek Clubhouse 8455 Heritage Dr. Thornton, CO

Tuesday, April 10, 2018 10-11 am

MUST RSVP for space  Carra Riley text or call 720-416-1984  or Shae Riley 808-268-6802.

Don Opeka, CSA

Orion Mortgage, Inc.

10560 Wadsworth Blvd.

Broomfield, CO 80021

NMLS #372081

www.OrionMortgage.com

 


Great news for Real Estate agents or Senior Advisors

“What Your Heirs Should Know if You Have a Reverse Mortgage” is now approved for an hour of continuing education  credit for both real estate agents and Certified Senior Advisors.

The Transition Living Real Estate Team™ has monthly educational events to help people Transition in life.  Join our newsletter to keep up to date. 

Hope to see you at the event!  

“What Your Heirs Should Know if You Have a Reverse Mortgage” 

 

 

Comments (3)

David A. Weaver
Peoples Bank & Trust Co. - Scottsdale, AZ
24 years helping folks finance their dreams.

The more we can educate the better we all are going to be for it.  Today's modern HECM can be a very useful financial tool to enhance a persons retirement.  Hope you have a huge turnout.  

Mar 22, 2018 09:45 AM
Carra Riley & Declan Kenyon

David A. Weaver so great to readyour input as a lender in AZ.  We had over 40 on the last 2 events.. so this one should be filled as it takes more than 1 time to understand all the dynamics of a Reverse Mortgage.  We might be using facebook live again to share the information.. so friend me online and you can watch the live presentation.  Thanks for your comment.  

Mar 22, 2018 12:35 PM
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Hi Carra, I came to your Zoom meeting yesterday. I belive it's the first time we've come across each other. There is a lot of confusion surrounding reverse mortgages. I truly believe the family should be educated about what to expect if a loved one creates a reverse mortgage. Many seniors are private and don't want to discuss their financial arrangements. Communication is key with everything!

Jul 28, 2021 09:45 AM