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Thanks for checking into my site.  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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The Five Most Affordable Cities to Retire

December 5, 2016

Are you thinking about retirement? Or do you have retired family members? If either answer is yes, then affordable housing and a low cost-of-living are important issues.

GoBankingRates.com recently analyzed cost-of-living indexes and consumer expenditure data to rank America’s cheapest cities to retire.

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Documentation You’ll Need to Apply for a Reverse Mortgage

December 1, 2016

Are you ready to take the next step toward applying for a reverse mortgage? Congratulations!

Reverse mortgages let Americans 62-and-up convert part of their home equity (wealth) into cash, a monthly check, or a line of credit. This can provide a financial nest egg for retirees to help meet unexpected costs,

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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.)

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