On this episode, we had the privilege of having Jim Liberto, a Home Loan Specialist, with Geneva Financial talk with us in depth about reverse mortgages.
A reverse mortgage loan, like a traditional mortgage, allows homeowners to borrow money using their home as security for the loan. A reverse mortgage loan is not free money. It is a loan where borrowed money + interest + fees each month = rising loan balance. The homeowners or their heirs will eventually have to pay back the loan, usually by selling the home.
Jim is dedicated to meeting his clients needs from start to finish, and we highly encourage you to reach out to him if you are looking at doing a reverse mortgage, please email him at JLiberto@genevafi.com
To schedule a complimentary consultation with us or to find more resources and information, please visit www.lowepropertyteam.com.
