Should Mom or Dad Get a Reverse Mortgage?
There’s a growing number of senior buyers taking advantage of a Reverse HECM to cater to their retirement plans – whether they want to use their capital now or down the road.
The NRMLA recently created a brochure geared toward the children of seniors, which discusses all the benefits of a reverse mortgage and whether it may be a good financial tool when it comes to planning for their retirement.
Some topics include:
- What is a Reverse Mortgage and what is it used for?
- How much money can my parents expect?
- Are the children responsible if there is a balance due when a parent moves or passes away?
- And much more
Download the brochure here and keep it handy to help educate the children of your senior borrowers on reverse mortgages.
Find out more about reverse mortgage options on the Plaza Home Mortgage® website, and reach out to us at Reverse@plazahomemortgage.com. Let’s explore adding this strategy as another option for your borrowers and your business.
