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Reverse Mortgage Blog

Why Should Seniors Consider a Reverse Mortgage?

February 28, 2023
 
As they enter retirement, many seniors feel comfortable with the amount of equity they’ve built up over their working years. They think that the steady income they’ll receive from their Social Security payments, coupled with the funds from their IRA or 401K, will be enough to fund their retirement.
 
But what if something unexpected happens, like a medical emergency or an accidental injury, that causes you to need extra cash? A reverse mortgage can provide the additional cash you need – without drawing on your other sources of income – by accessing the value tied up in your home.
 
By setting up a reverse mortgage in advance – before an emergency arises – you’ll have additional cash on hand to draw on. You can use it whenever you might need it…even if it’s to just make life in retirement a bit more comfortable.
 
A reverse mortgage is great way to make the equity tied up in your home work for you – without waiting sell it – and you still retain ownership. Find out how you can use a reverse mortgage to help build a more secure financial future. Call us today.

 

Owen Coyle profile picture
Owen Coyle
I’m Owen Coyle, an 87 year young “Seasoned Citizen” living in Escondido California. As of April 1, 2023 I’ll be starting my 23rd year as a Reverse Mortgage Specialist. I have no desire to retire, so as long as my health remains good, I’m planning on helping senior homeowners obtain Reverse Mortgages at least until I’m 90, and hopefully a few years beyond. I absolutely have a passion for working with senior homeowners, improving their “Quality of Life” and giving them “Peace of Mind” by setting up Reverse Mortgages for them. A Reverse Mortgage is not for every senior, but when “It Fits”, it can absolutely change their life for the better. When I meet with seniors, I always suggest that they include as many of their children as possible in our meetings. I always want to have the entire family “On The Same Page” and understand how the Reverse Mortgage will benefit their parents based on their particular situation and needs. Most Reverse Mortgage companies do business by using the telephone, email or US Mail and use a notary to take care of the Reverse Mortgage “Application and Closing Documents”. I do business “The Old Fashion Way”. I go to the seniors’ home and sit down with them at their kitchen table and talk with them “Face to Face”. I make sure that I answer all their questions and that the entire family understands how the Reverse Mortgage works. I’m very concerned about how much “Misinformation” and “Misconceptions” about Reverse Mortgages there are out on the street, so I’m on a mission to get “The Truth” out to as many seniors as I can as I talk to them individually and through my Reverse Mortgage workshops and seminars. Please call or email me (760-334-6155, owen.coyle@gmail.com) with the information that I need and I will prepare a "No Obligation Benefits Analysis" for you. This information will be used to create a computer printout that will show the approximate amount of money that will be available for you and the various payment options that will be available to you.
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I’m Owen Coyle, an 87 year young “Seasoned Citizen” living in Escondido California. As of April 1, 2023 I’ll be starting my 23rd year as a Reverse Mortgage Specialist. I have no desire to ret...
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