Many older people are living in the Bay Area with a lot of equity in their homes and not a lot of cash. Whether you need the money to cover medical costs or are just looking for a way to age in place, options are available to you; a reverse mortgage specifically. Today Joe is joined by reverse mortgage specialist Bill Benson to explain how a reverse mortgage could be the right move for the older adult in your family. Specific topics include:
- What is a reverse mortgage and who benefits from one?
- Strategy or scam?
- Qualifying for a reverse mortgage
- Reverse mortgages on jumbo loans
- Paying back the loan
- And more!
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.
All the information in this podcast is broadcast in good faith and for general information purpose only. We do not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information on our website is strictly at your own risk. We will not be liable for any losses and damages in connection with the use of associated information. www.reradiolive.com All Rights Reserved. Copyright 2015. Joe Cucchiara MLO 273084 This is not a commitment to lend. Our team fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/. Read more at http://radiolive.rerl.libsynpro.com/#xhDOuqiFWVEfL1qw.99