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Posted by / 27-Nov-2017 11:54

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It’s not difficult to see why reverse mortgages for seniors have become so popular of late.For starters, most of us are approaching retirement with less money in the bank than we hoped for.So, the amount that we will receive every money is, once again, lower than we might have hoped for.All of these factors are leading us to look for other options to fund our retirement.

Unfortunately, money market and government yields are at near all-time lows.

Contact prospective clients at their place of business, home or other meeting locations to originate loans and solicit new business.

Develop, identify and maintain a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities.

One of the most popular – and perhaps least understood – options is getting a reverse mortgage. S., the lender doesn’t need to take over the title to your home for you to get a reverse mortgage.

Since there is so much hype – both positive and negative – around reverse mortgages, I wanted to take this opportunity to open the discussion up to the group. Basically, they allow older adults to take a loan out against their home’s equity. In addition, under normal circumstances, you can’t be evicted from your home. For example, if you stopped paying your property taxes, you might have problems.

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Your house is a big investment and it is important to ensure that it is protected in the event of the unexpected.