A note to trusted advisors: a reverse mortgage is not for everyone. Our goal is to work with trusted financial and legal advisors to help determine if a reverse mortgage meets the needs of your client. We can accomplish this by providing detailed loan scenarios to you (with your client’s permission) and personal consultation with our staff to help reach a decision that is in the best interest of all parties. We are up front with all our clients about the advantages and disadvantages of a reverse mortgage.
Reverse mortgages provide many advantages for the senior borrower. Here is a short list of just a few:
There is no stereotypical reverse mortgage client. There are some considerations for those who may benefit from this unique loan.