by Tim Oddo | Feb 12, 2020 | Blog, Reverse Mortgage
What keeps you up at night? What keeps you up at night? Financial stress and monthly cash-flow pressures create anxiety for a lot of folks. These financial pressures can be magnified when you are at retirement age. A solid financial plan can alleviate much of this...
by Tim Oddo | Feb 12, 2020 | Blog, Reverse Mortgage
Reverse Mortgage Myth Buster #4 Another misconception I hear a lot is…the idea that a Reverse Mortgage is expensive…well…here’s the truth. The basic costs of a Reverse Mortgage really aren’t that different than a traditional forward mortgage, i.e. there are title and...
by Tim Oddo | Feb 12, 2020 | Blog, Reverse Mortgage
Reverse Mortgage Myth Buster #3 Another common misconception I hear is that “a Reverse Mortgage is a loan of last resort.” The assumption has been that a Reverse Mortgage should only be considered after you have exhausted all other financial options and you have...
by Tim Oddo | Feb 12, 2020 | Blog, Reverse Mortgage
Reverse Mortgage Myth Buster #2 A second common misconception I hear a lot surrounding Reverse Mortgages is this: If a senior homeowner does a Reverse Mortgage then the family or that senior homeowner will be left with a large debt at the end of their life…this is NOT...
by Tim Oddo | Feb 12, 2020 | Blog, Reverse Mortgage
Reverse Mortgage Myth Buster #1 Reverse Mortgages often get a bad rap…it may surprise you, but this reputation is mostly undeserved. A Gov’t insured Reverse Mortgage can be a powerful and flexible tool for a lot of people. Way too many borrowers who would benefit from...
by Tim Oddo | Feb 4, 2020 | Reverse Mortgage
Tim Oddo, Reverse Mortgage Specialist in Littleton Colorado, walks through the scenario of what happens if a spouse dies and you have a reverse mortgage. Since 2013 there are special protections with reverse mortgages that allow the surviving spouse to stay in the...
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