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Here you will find answers to many of the questions you may have about the subject of Reverse Mortgages. I am committed to informing you completely about why these US Government loans are nothing to be afraid of and helping you get the answers you needs on your timetable without pressure.

If you have a question you don't find an answer to here please feel free to call me at 414-817-2521 for no obligation answers to all your questions.

If you would like to see actual numbers on how I can help solve your income problems, please call or you can email me at danscerpella@openmtg.com.

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Homeowners Insurance: Why it’s a Good Thing

January 16, 2017

If you’re considering buying a home, you’ve probably heard about homeowners insuranceand you might have groaned about being required to pay for it.

Concern over the cost of homeowners insurance is understandable, as it costs the average US homeowner $952 annually (in addition to mortgage payments and property taxes).

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When to Recommend a Reverse Mortgage to Your Parents

January 11, 2017

According to the Government Accountability Office, 1/3rd of seniors age 55 and over do not have even a penny of retirement savings, and well over 50% have less than they need to live comfortably.

For the children of seniors that are limited in their retirement,

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Use our free Life Expectancy Set Aside (LESA) calculator to educate yourself on the amount needed to set aside funds to pay property charges, including homeowners insurance, property tax, and HOA dues. A LESA sets aside a portion of your reverse mortgage line of credit for the purpose of paying these future charges, giving you peace of mind. (Enter annual amounts.)* Legal

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