Is Your Home Equity Helping Your Retirement?

Hello, I’m Howard Frankel, a fellow senior who lives in Florida.  Thank you for taking the time to visit my website.  As a former investment advisor with a specialty in long-term care planning, I am impassioned to help others improve their quality of life, create peace of mind, and do what they can to plan for their future.  Having retired and found it to be boring and non-impactful, I now enjoy each and every day helping my clients address their specific financial concerns.

While visiting my website, I hope you learn how a reverse mortgage can be an effective financial tool to give homeowners additional cash to live on using the equity in their home. Reverse mortgages are not for everyone. In the right scenario, they can be a great short or long-term retirement tool. The Home Equity Conversion Mortgage (HECM) is FHA's reverse mortgage program for those 62 and older. And new 3rd party Jumbo reverse mortgages are available for those 55 and older. Reverse mortgages can be used it to:

• Eliminate your monthly mortgage payment
• Pay off outstanding debts, home equity loans, etc.
• Fund home renovations
• Pay for long-term care or other health related expenses
• Supplement Social Security income
• Establish a line of credit as a safety net for the future

You can also use a HECM or a Jumbo Reverse Mortgage to purchase a primary residence.  With loans available up to $4m, there are many ways that a reverse mortgage can be utilized.

It is important to work with an experienced specialist who can help you assess your unique situation to determine if a reverse mortgage is right for you.  I strive to provide the best options and solutions for my clients, while creating a trusted relationship well into the future.  My clients and their testimonials speak for themselves.

There is a wealth of information here. Please take your time to browse and learn a little about reverse mortgages. Then feel free to give me a call so I can answer your questions and address your specific needs.