Beginning on Monday April 23rd, the National Reverse Mortgage Lenders Association (NRMLA) is sponsoring the 3rd annual Reverse Mortgage Education Week. ..
We invited real homeowners to participate in a blind challenge, comparing two home equity line of credit products: a traditional home equity line of credit and a reverse mortgage line of credit. We called this the Home Equity Line of Credit Challenge. Our groups learned that while both products let you tap into the equity in your home to help you fund your retirement, there are some important differences. They discovered that there are options for how and when to repay the loans, that monthly payments and available funds can change over time, and that only one of the products is government insured. Finally, we asked them to choose which product they preferred. ..
“Despite some substantial improvements over the past five years, the vast majority of financial services professionals still fail to incorporate home equity
planning or reverse mortgages into their practices,” says Jamie Hopkins, professor
at the American College of Financial Services, Retirement Income Certified Professional program.
If you’re thinking about your retirement, you’re going over an increasingly uncertain financial area where many of things your parents took for granted—such as working at the same company for decades with a pension at the end—are no longer givens. With the constant changes to the workplace, insurance and even how we handle payments for medical treatment, a nice nest egg to enjoy your retirement years is anything but certain these days. ..
Get this 28 page Consumer Guide packed with all the facts you need to make an informed decision to see if a reverse mortgage is right for you.
American Liberty Mortgage, Inc.
Bruce E. Simmons, CRMP
Reverse Mortgage Manager
1932 W 33rd Ave
Denver, CO 80211
Direct: (303) 467-7821
Cell: (303) 513-2748
Toll Free: 1-877-467-7801
Fax: (303) 600-7871