Reverse Mortgages with Portia Noel
Inside the 80027 with Terri Ellerington Real Estate Professional
English - February 13, 2020 11:00 - 15 minutes - 10.8 MBInvesting Business Entrepreneurship real estate property management louisville superior community invest boulder lafayette mortgage rental Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Portia Noel with Premier Mortgage highlights what a Reverse Mortgage, who might benefit from them and what has changed recently. Often reverse mortgages have a negative stigmatization attached to them. It's time to get educated on what they are and possible benefits they offer.
Reverse mortgages are for anyone 62+ that have over 50% equity in their homes. This can be an opportunity to withdrawal the equity on your home, without tax implications. People find them beneficial if they are on a fixed income or if they want to take the opportunity to purchase a home with a reserve mortgage and keep some of there money in saving. Of course this is not for everyone there are also negatives in getting a reserve mortgage.However, they have been around for many years and AAPR has endorsed them for 30+ years.
If you know of anyone that might benefit from a reverse mortgage reach out to Portia Noel with Premier Mortgage. 303-302-3907 or https://www.pmglending.com/team/portia-noel.