Understanding Reverse Mortgages

About This Event

September 10, 2020 @ 10:00 AM 12:00 PM

According to reports from the U.S. Department of Housing and Urban Development, the reverse mortgage concept is continuing to grow in popularity among older Americans. For homeowners age 62 or older, they represent an opportunity to convert part of the equity in their home into cash without having to sell your home or pay additional monthly bills. But most reputable information sources make it clear that the concept is fairly complicated and the opportunity may not be right for everyone. Caution and careful investigation are the watchwords trustworthy financial companies tend to use when approached by someone considering taking this step.

So, if you’re thinking about pursuing the reverse mortgage route, what do you do? In keeping with our mission of supporting and educating America’s Seniors, we’ve arranged for an unbiased discussion on the details associated with the reverse mortgage idea.

Bruce Hancock, Reverse Mortgage Specialist with American Advisors Group, will present the basics of reverse mortgages, addressing these points:

  • the myths and misunderstandings that have plagued the Reverse mortgage industry for years
  • how an existing mortgage factors into the process
  • how the concept fits with “aging at home” initiatives
  • various types of reverse mortgages (HECMs, proprietary reverse mortgages, etc.)

… and much more!

This is not a sales-oriented discussion…only the facts and details associated with the concept will be discussed. You will come away with a better understanding of reverse mortgages and enough to decide if its a concept you want to pursue.

Upcoming Event