reverse mortgage planner reverse mortgage loan officer: REVERSE MORTGAGES: simple but powerful
- 11/07/18 07:22 AM
let's just look at what everybody knows, well maybe everybody knows, or hopefully everybody know, or maybe somebody knows.
a Reverse Mortgage does not require the buyer (purchase) or the homeowner (refi) to make a monthly payment!
So let's say the required principle and interest payment is $1,000 a month currently, and the senior acquires a reverse mortgage. the required payment is now...
$0.00
simple math; that's $12,000 per year, $60,000 every five years, and $120,000 every 10 years
the obvious is that that will change the seniors financial position immediately. so what to do with the $$$$
it's their choice; investment, add to the retirement nest … (2 comments)
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let's just look at what everybody knows, well maybe everybody knows, or hopefully everybody know, or maybe somebody knows.
;)
;)
;)
