Page 27 - AreaNewsletters "Jan 2022" issue

Is a Reverse Mortgage Right For You? Reverse Mortgage: It’s a unique loan that allows homeowner(s) 62 years of age and older to draw on the value of their home, which is paid to the homeowner(s) in a variety of payout options or used as a line of credit. Repayment is not required until the homeowner(s) no longer reside in the residence. Homeowners are obligated to maintain their home, pay their property taxes, homeowners insurance, and any HOA dues. Misconceptions: There are many misconceptions about reverse mortgages that sometimes lead people away from considering one. The most common Myth is that you sign over ownership to your home. This is simply not true. The Fact is that you retain full ownership just like any other mortgage loan. Wealth Management Clients: Many nancial advisors and their senior clients are not aware of the powerful strategies of using home equity in coordination with invested assets. The timing of disbursements is key. Using well researched and proven data, nancial advisors can extend the longevity of assets, increase cash ow, reduce risk, and increase net worth for their clients. Not reviewing this option can be extremely costly, not only for the client, but for the advisor and their assets under management. Brian Hinton NMLS 260075 NMLS 2063082 Your Local Licensed Reverse Mortgage Planner 720-625-1093 www.Reverse4U.com www.FitLending.com “I got my start in mortgage lending in 2005 and have solely been a Reverse Mortgage Planner since 2010. I realize that every homeowner has a unique situation with unique plans and goals. My extensive experience in this industry allows me to think outside of the box and tailor a plan for the uniqueness of every client. Please reach out to me for a free and no obligation consultation” Workshops are also available for nancial advisors. 10146 W. San Juan Way Unit 100 Littleton, CO 80127 Call me for a free, no obligation consultation. 27 Castle Rock “AreaNewsletters” • January 2022