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Maggie O'Connell
368 followers -
Reverse Mortgage Purchase and HECM Expert
Reverse Mortgage Purchase and HECM Expert

368 followers
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"For instance, a “well funded” borrower may have planned well for retirement, but could use a reverse mortgage to buy a new home — either larger or smaller than the current property — or remodel his or her existing home to age in place safely and comfortably. On the other end of the spectrum, an “underfunded” retiree could take out a HECM and pay down high-cost debt, cover the cost of necessary medications, or even just keep the heat on in the winter."

www.ReverseMortgageStore.com

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"Divorce can be stressful financially for any age group, but the financial planning community finds that for older Americans, and particularly for women, the impact can essentially be twofold." Reverse Mortgages can help keep one party or the other living in the home thru a divorce in retirement years. If you have older clients going thru a divorce contact me to learn more about how a Reverse Mortgage can help! ~www.reversemortgagestore.com Maggie O'Connell 800-489-0986

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Read this personal look into Reverse Mortgages, a great and easy to understand breakdown from someone who experienced the process herself.

www.reversemortgagestore.com

http://www.chicagotribune.com/business/sns-201705261733--tms--savagectnts-a20170526-20170526-column.html

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Check out our 126 positive Reverse Mortgage reviews on customer lobby!

www.reversemortgagestore.com

https://www.customerlobby.com/reviews/8474/the-federal-savings-bank/
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http://www.reversemortgagestore.com/weve-moved/

The Reverse Mortgage Store’s California location has moved to a beautiful new office at 1451 Danville Blvd #103 Alamo, CA 94507! Call me to schedule an appointment 800-489-0986.

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Watch this video where Bob Massi "The Property Man" tackles the HECM for Purchase in this very informative video! Contact me for more information on purchasing a home with a Reverse Mortgage in San Luis Obispo County, Reno or the Bay Area! Go to www.ReverseMortgageStore.com or call me at 800-489-0986.



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With the Federal Reserve raising interest rates and telling us they will continue to increase them, this article by Jack M. Guttentag is all the more timely. I am telling all of my clients that if they want to get the most money from a HECM reverse mortgage, the time to act is NOW! Here's a quote from the Huffington Post article:
Interest rate increases will have a large negative impact. If the rate goes from 5% to 6%, the credit line will drop to $94,715 or by 18.6%, wiping out the favorable impact of the borrower’s greater age and property appreciation. If the rate goes to 7%, the decline will be 36.8%. If the rate goes to 8%, it will be 51.4%.
ReverseMortgagesofNevada.com

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Reverse Mortgages have been in the press for political reasons. The Treasury Secretary pick, Steve Mnuchin brought HECM reverse mortgage foreclosures into the limelight. The majority of 'reverse mortgage foreclosures' are not what you may think where people are forced out of their homes for not making mortgage payments. Payments aren't required with reverse mortgages (except property taxes and insurance). Often, foreclosures take place after the borrower has passed away. So reading those large numbers in the news is not what it seems! Read the Mortgage Professor's article on this topic.
ReverseMortgagesofNevada.com 

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Reverse Mortgage video explains changes to the HECM reverse mortgage including lower cost options and explaining misconceptions. And the line of credit option with it's growth over time is an great way to secure your future. If you have questions or want to know if you qualify, go to www.ReverseMortgagesofNevada.com

Reverse mortgages are very popular Reno and Sparks Nevada for a few reasons. Home values have increased dramatically over the past few years and seniors are able to receive more money, particularly to pay off existing mortgages and eliminate mortgage payments. Also, many people are retiring and moving to the Reno area and taking advantage of the HECM to purchase a new home. Commercials by AAG , One Reverse and others may peak interest but with such an important transaction with detailed financial documents needed, working with a local reverse mortgage specialist provides a tremendous advantage. I can provide that smooth transaction you want and deserve. Don't believe me? Go to ReverseMortgagesofNevada.com and read what my past customers had to say!
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