Total Counselor Radio Show Interview

An update on my website includes my recent interview on Total Counselor Radio show. Listen in to hear what a Reverse Mortgage can do!

Special Features

• Radio Show on Reverse Mortgages Part 1
  Listen to The TOTALCOUNSELOR radio show from February 9, 2014 when Allen was joined by Robert Tranchell the Director of reverse mortgages from Total Mortgage. Bob can be reached through www.thenewhecm.com The show covered the history of reverse mortgages, the pros and cons and some really great examples of how some folks have really benefited from a reverse mortgage.
  Listen to Part 1 »
• Radio Show on Reverse Mortgages Part 2
  Listen to The TOTALCOUNSELOR radio show from February 9, 2014 when Allen was joined by Robert Tranchell the Director of reverse mortgages from Total Mortgage. Bob can be reached through www.thenewhecm.com The show covered the history of reverse mortgages, the pros and cons and some really great examples of how some folks have really benefited from a reverse mortgage.
  Listen to Part 2 »
• Radio Show on Reverse Mortgages Part 3
  Listen to The TOTALCOUNSELOR radio show from February 9, 2014 when Allen was joined by Robert Tranchell the Director of reverse mortgages from Total Mortgage. Bob can be reached through www.thenewhecm.com The show covered the history of reverse mortgages, the pros and cons and some really great examples of how some folks have really benefited from a reverse mortgage.
  Listen to Part 3 »
• Radio Show on Reverse Mortgages Part 4
  Listen to The TOTALCOUNSELOR radio show from February 9, 2014 when Allen was joined by Robert Tranchell the Director of reverse mortgages from Total Mortgage. Bob can be reached through www.thenewhecm.com The show covered the history of reverse mortgages, the pros and cons and some really great examples of how some folks have really benefited from a reverse mortgage.
  Listen to Part 4 »

• Unique Uses for the Reverse Mortgage
  Click on the links below to see how you can use the funds from a Reverse Mortgage. These are ideas as well as some actual clients stories.
  Uses for Reverse Mortgage Funds »
• Industry Articles
  These links take you to articles by financial planners and other industry experts and look at the value of reverse mortgages in retirement planning.
  Industry Articles »
• Educational Bitstrips
  This page will help you understand what can be done with a Reverse Mortgage. The stories are real and the cartoons of Mortgage Man help to make a complicated loan understandable.
  Options realized; real stories in cartoon form »

 

NMLS#: Robert Tranchell 286716

The Many Uses of a Reverse Mortgage

By Bob Tranchell on February 17, 2014

 

The Many Uses of a Reverse Mortgage by Bob Tranchell

Most people think of a Reverse Mortgage as a last resort or for those who are “house rich and cash poor.” This line of reasoning can be a tremendous disservice to those who might benefit from the many uses a Reverse Mortgage allows.
The Reverse Mortgage was initially created to service seniors who are struggling financially and want to remain in their home. The funds can be released in three different ways giving tremendous flexibility offering; a monthly check, cash at closing or a line of credit. These options have been utilized by hundreds of thousands seniors with a satisfaction rate in the 90s.

If we take a second look at what the Reverse Mortgage offers there is a world of options that seniors from all economic standings can utilize. Here is a quick list of ideas and actual examples. Click on the title to get the details.
Fund for long term care and life insurance.
Use as a Hedge against market volatility.
Delay taking social security benefits.
Upsize your home with liquidity.
Downsize your home with liquidity.
Buy a second home.
Overcome concerns with an age difference.
Prolong a portfolio’s assets.
Bridge Loan

Call me or email with any questions or to see how a Reverse Mortgage might be the right product for you or one of your clients!

1-800-497-5235

rtranchell@totalmortgage.com

NU62 app in NYTimes article.

If you are interested in seeing how this app will help you plan, give me a call and I can do a demonstration.

http://www.nytimes.com/2014/02/16/realestate/reverse-mortgages-for-baby-boomers.html?_r=0