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Reverse Mortgages: Scam or Savior
Manage episode 364222903 series 3440448
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Is a reverse mortgage a scam or a possible financial savior, ?
In this enlightening episode of "Reverse Mortage: Scam or Savior" we dive into the world of reverse mortgages and their potential benefits for seniors who are considering downsizing. Our guest expert, Frank Borg of Fairway Mortgages, is a renowned authority on reverse mortgages with years of experience guiding seniors through this financial option.
Hosted byJudy Gratton and Dennis Day or the Edge Group Team, this episode is designed to provide valuable insights and practical advice to seniors who are exploring downsizing as a means to enhance their retirement lifestyle. With rising living costs and evolving financial landscapes, seniors are seeking innovative ways to unlock the equity in their homes while maintaining financial stability.
Throughout the episode, Frank Borg shares his deep knowledge and expertise on reverse mortgages, explaining how they can empower seniors to maximize their financial resources. Listeners will gain a comprehensive understanding of how reverse mortgages work, the eligibility criteria, and the potential pros and cons associated with this financial tool.
The conversation delves into various topics, including the flexibility of reverse mortgages, the impact on inheritance, and the responsibilities of the borrower. Frank addresses common misconceptions surrounding reverse mortgages and sheds light on the crucial factors to consider before making a decision.
Furthermore, the episode offers real-life stories and testimonials from seniors who have successfully utilized reverse mortgages to downsize their homes and improve their quality of life. These personal accounts provide listeners with a practical understanding of the benefits and implications of choosing this financial path.
Whether you're a senior considering downsizing or a concerned family member seeking guidance for your loved ones, this episode offers invaluable information to help you make informed decisions. Tune in to "Reverse Mortgage: Scam or Savior" and join us as we demystify the world of reverse mortgages and discover how they can be a powerful tool for seniors embarking on their downsizing adventure.
Frank Borg
frank.borg@fairwaymc.com
3400 188th ST SW, STE 185, Lynnwood, WA, 98037
425-949-2889
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