Move forward by going reverse!

I recently returned from the National Reverse Mortgage Lenders Association conference in Boston and I really enjoyed being able to dive into major topics facing the reverse mortgage industry.

As home values and stock prices plunged into the ground household wealth fell by a record $5.1 trillion from October to December of 2008, according to the Federal Reserve. Seniors are especially feeling this because the value in their IRA's and 401k's have been hit hard. This is forcing them to rely solely on Social Security income. 9.5% of people age 65 and older ar living at poverty level. The FHA reverse mortgage is a wonderful opportunity for some of these seniors and their families to improve their quality of life.

Unlike a regular mortgage, with a reverse all that matters is your age and appraised value. We don't care about your credit or your income which makes it very easy to qualify. When looking at all of the market dynamics affecting seniors today, an FHA insured reverse mortgage is one of the only viable financial tools available. A study done by AARP shows that 90% of seniors who took out a reverse mortgage said that it improved their quality of life.

Now is the time to make a decision to improve your life and get rid of the financial stress...Move forward by going reverse.

Mia