One of the most important real estate decisions you’ll make is what you do with the equity in your home. For the right person a reverse mortgage can be a great decision, especially in the Bay Area where the phrase “house rich, cash poor” gets used more times than some of us would like to hear. Reverse mortgage expert Bill Benson is back in the studio with Joe to remind us how in some situations this once unpopular product could actually be the best fit for you. Specific topics include:
- Reverse mortgage requirements and restrictions
- How reverse mortgages work and how they help seniors
- 3 ways to draw reverse mortgage money & what you can use the money on
- Paying off the reverse mortgage
- A reverse mortgage for purchase?
- How long from counseling to close?
If you wish to contact Joe Cucchiara email him at Joe@RERadioLive.com, call (408)-838-9060 or simply visit www.RERadioLive.com. We also provide additional information to help you make smart decisions in and around your real estate venture.
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