The Retirement Tool Most Families Misunderstand - REVERSE MORTGAGES

Reverse mortgages have changed, and for many seniors, they're a gift.

My mom sold her home in Yorba Linda, bought in a Hemet retirement community, and used a reverse mortgage.
She lived her final years without a mortgage payment.
She got to enjoy what she worked so hard for.

Years ago, these loans had a bad reputation.
Today they're regulated, and borrowers go through counseling classes first.
My lender partner Scott Christian's own family uses them.

**1. No monthly mortgage payment**
The interest is added to the loan instead of paid each month.
You still pay property taxes, insurance and upkeep.

**2. Qualifying is about equity**
62 is the standard age for the government-backed program.
Credit and income aren't the main focus. You need to show you can cover taxes and insurance.

**3. You choose how to use it**
You only pay interest on what you use.

**4. Your heirs are protected**
They can refinance and keep the home or sell it.
If the home is worth less than the loan, they don't owe the difference on a government-insured reverse mortgage.
Tip: put your home in a trust, and make sure a few people have a full copy.

**5. You can use it to buy**
Instead of paying all cash for your next home, keep more cash in the bank and use a reverse mortgage for the rest.

The only people who don't want you to use a reverse mortgage are the kids waiting on their inheritance.
Your home can help you live well now. 

Watch the FULL PODCAST EPISODE HERE The Retirement Tool Most Families Misunderstand

Curious what you'd qualify for? Reach out and Scott and I will run your numbers.

Patti Gregory, Realtor
Haven Realty Group
☎️ 714.398.1998
REAL Brokerage
DRE 01182154