The idea of a reverse mortgage may sound intimidating, but it could be the key to unlocking a more comfortable retirement. In this insightful episode of Get Your Fill, host Christine McCarron sits down with certified reverse mortgage specialist Laura Phillips to dispel commonmyths and explain how this financial tool can be a powerful part of your retirement plan. Discover why reverse mortgages are not just for those in financial need and how they've evolved since the Reagan era to protecthomeowners and their spouses.
Laura Phillips explains that a reverse mortgage is agovernment-regulated loan, not a sale of your home. She clarifies the biggest misconception—that the bank can take your house—and details the two key reasons a homeowner could lose their home: failure to pay property taxes and insurance, or no longer living in the home. Laura also shares heartwarming success stories, including a gentleman who used a reverse mortgage to fund his wife's dream trip around the world, proving that this tool can be used to create a legacy and enjoy your retirement to the fullest.
Thinking about your own retirement or that of a loved one?This episode is a must-listen. Laura Phillips breaks down complex topics like interest rates, non-recourse loans, and what happens to your home after you pass away in a clear, easy-to-understand way. Learn about the benefits of anadjustable-rate mortgage with a growing line of credit and how a reverse mortgage can be a safety net for unexpected medical costs. Tune in to understand how a reverse mortgage can give you the financial flexibility to live comfortably in your senior years and potentially leave a legacy for your family.
Watch the video: https://youtu.be/efMBWLJNm1s
Connect with Laura: CallLaura.com/GetYourFill
