If you are just turning 62 or if you are over 62, its time for you to go back to school. You need to know your entitlements and you need to know them for yourself. Depending on others with second hand information to make decisions that will effect your life is not a smart way to live.
Start learning for yourself. Start learning about reverse mortgages. Your class schedule is as follows:
1) Learn about the rules and regulations (What is an entitlement?)
2) Learn about Lump Sum, Tenure, Term and the Credit Line. (How high can my credit line grow?)
3) Learn about the true cost of a reverse mortgage including the interest rate and the treasury bill. (Is there any index lower than the treasury bill?)
4) Learn about the benefits to your estate (What happens to the tax deduction from the interest paid on the reverse mortgage?)
If you don't know about these then learn. If you don't know where to find the information then give me a call or email me with any question you have.
Bob Fisher
bob@az62.com
714-331-1486
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