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Reverse Mortgages
August 29, 2018 @ 6:30 pm - 8:30 pm
Explaining the Most Misunderstood Financial Product for Seniors
If you’re 62 or older and looking to supplement your retirement income, pay for traveling (while you’re still in good health), pay off a mortgage or credit cards, finance home repairs or improvements, pay for healthcare, or generously give gifts to your loved ones, you may want to consider a reverse mortgage.
Join reverse mortgage expert Rick Schluter as he explains the pros, cons, misconceptions, and recent changes that FHA has made to this often-misunderstood program. Celebrity spokesmen on TV make reverse mortgages sound wonderful for everyone, while scary rumors abound (“It’s a scam!” “It’s too good to be true!” “The bank will own your home!”). People don’t know what to believe. Rick will cut through both the positive hype and negative misconceptions, so that seniors and their families will be sufficiently educated to make informed decisions.
Topics to be discussed:
- Reverse mortgage basics, and the role of the federal government (FHA)
- Why do reverse mortgages have a bad reputation?
- The four types of people who should NOT get a reverse mortgage
- Common misconceptions, which prevent most seniors from even considering it
- Who is a suitable candidate for a reverse mortgage?
- Recent changes that FHA has made to the program
- Which reverse mortgage product is right for you?
Guest Speaker:
- Rick Schluter
Reverse Mortgage Specialist
Reserve your seat today! To register, visit go.YesRSVP.com or call 1-888-991-1391 and Enter Code: 151348E
All attendees will have the opportunity to receive a complimentary, custom Retirement Income Analysis.
Not affiliated with or endorsed by the Park Avenue Club.