Скачать или смотреть How Does a Reverse Mortgage Work?

How does a reverse mortgage actually work? It's one of the most powerful but misunderstood financial tools for retirees. In this episode, we break down the entire process from start to finish, explaining how it can be used to fund a secure and comfortable retirement.

Feeling "house rich, cash poor" and looking for ways to fund your retirement without selling your beloved home? We explain how a reverse mortgage can eliminate your monthly mortgage payment and provide a new stream of income or a financial safety net. Whether you need to pay for medical bills, fund home repairs, or even buy a new home closer to family, this episode walks you through the practical steps and powerful benefits .

🔑 What you’ll learn in this episode:
[00:00:00] Introduction: Can You Buy a Home with a Reverse Mortgage?
[00:00:25] The #1 Reason: Staying in Your Home When You're "House Rich, Cash Poor"
[01:57] How You Get Paid: Lump Sum vs. Monthly Income
[04:02] Surprise! You Can Use a Reverse Mortgage to BUY a New Home
[04:51] Paying for Home Repairs & Unexpected Medical Bills
[05:55] Setting It Up as a Financial Safety Net
[08:09] The Process Explained: From Appraisal to Education

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💡 Thinking about making a move? We're here to help you get in position and make the most of this opportunity. To get a personalized game plan for your specific situation, reach out to us.
Click here to schedule a consultation: 🔗 ⁠https://forms.gle/9Q2G3a2t7PZnYqMR8⁠

Contact Info:
Angela Dillmon
The Dillmon Group of Keller Williams Realty Chesterfield
📞 (314) 277-7713
📧 [email protected]
🔗 ⁠https://adillmon.kw.com/⁠
Glen Calvin
Guild Mortgage
Branch Manager | NMLS #742330
📞 (314) 249-2861
📧 [email protected]
🔗 ⁠https://branches.guildmortgage.com/mo...

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