Mortgage lending is mysterious to many people, and reverse mortgages can seem even more mysterious. Used properly and the right time, a reverse mortgage can be a powerful tool for managing cash flow and protecting home equity. In 2013, new federal regulations established high standards for reverse mortgage lenders in terms of oversight, processes, and information transparency. These changes have helped lenders clarify what reverse mortgages can do and what they can't, and have made it easier for people to leverage them as part of a strategic financial and estate plan.
Janice Cohen has been a licensed reverse mortgage specialist for more than 16 years. In our October Smart Women/Savvy Money webinar, she joins us to discuss the stormy history of reverse mortgages and how they have improved in the past eight years. If you’re a home owner approaching your “3rd Act” of retirement—or maybe you're helping an older loved one with questions about their mortgage and estate planning?—this is a great opportunity to learn more about this powerful, flexible option.
We hope you’ll join us live! Plan on an interactive discussion, and bring your questions. We’ll share a recording of the webinar later. Members of the Smart Women/Savvy Money Club are updated as soon as our webinars are available for viewing and about other events. Join the Club and don't miss a thing!