When Making your decision about a reverse mortgage, who else should you involve? You may have a financial planner or a trusted friend who know your circumstances and are good at figuring things out or discussing them with you. You may also discuss all your questions and concerns with your HUD-approved counselor or mortgage officer.
A really important question to think of is your heirs. Many children of parents who get reverse mortgages are happy their parents are able to use their equity and remain living in their homes. Children are relieved to see that their parents can take care of their own needs; Many even encourage their parents to do so.
When deciding whether to get a reverse mortgage remember that it will greatly impact your estate. It will put your children in a greater tax bracket. So discussing this with them or an advisor will put your mind at ease. Seek someone you trust.
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Ryan Kohl, Vice President
Express Capital Mortgage
1820 E Ray Rd
Chandler, AZ 85225
480-656-8347
