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Why a Reverse Mortgage?

Forget everything you think you know about reverse mortgage loans and listen to Pete Tentler, known as The Financial Locksmith, explore this often misunderstood way to unlock equity in your home.

Reverse mortgage loans are commonly used to pay for home renovations, medical and daily living expenses. Homeowners who have an existing mortgage often use the reverse mortgage loan to pay off their existing mortgage and eliminate monthly mortgage payments.

A reverse mortgage loan uses a home’s equity as collateral. The amount of money the borrower can receive is determined by the age of the youngest borrower, interest rates and the lesser of the home’s appraised value, sale price and the maximum lending limit. 

In this episode, host Wendy Ross interviews Pete about his experiences in this industry and explores the benefits of reverse mortgages.

Learn more at reversemortgage1776.com.

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