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Lecture 3

ADM 1300 Lecture Notes - Lecture 3: Equal Housing Lender, Better Business Bureau, Reverse Mortgage

1 pages71 viewsFall 2018

Department
Administration
Course Code
ADM 1300
Professor
Bernard Guite
Lecture
3

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Reverse Mortgages Can Be a Valuable Retirement Tool
(NewsUSA) This article is a paid advertisement. The content was provided by One Reverse
Mortgage.
Today’s reverse mortgage has more uses than you may realize. In fact, many financial advisors are
now recommending this loan to their older clients. Why?
A reverse mortgage allows you to access a portion of your home equity and use the funds to pay off
your current mortgage.* Any remaining money can be used for anything. The program has a variety of
products to meet specific goals.
The fixed rate loan allows you to receive a lump sum or monthly distributions. The purchase loan
product allows you to purchase a home without a required monthly mortgage payment as long as you
live there.* However, according to One Reverse Mortgage, a leading lender in the reverse mortgage
industry since 2007, the most popular and beneficial loan option is the line of credit, which has the
potential to grow in value over time.
It’s a fact that people today are living longer; and studies show that many are not financially prepared
for retirement. According to an article from Time Magazine, one in three Americans does not have any
money saved for retirement.**
The reverse mortgage line of credit addresses these concerns. It isn’t just for people who have an
immediate need. It is even more beneficial as a retirement tool because the line of credit product can
actually extend the life of your retirement savings and give you access to more money later. Another
smart way to utilize it is to live off the proceeds to delay using other benefits to give them time to
increase in value. The greatest feature of the reverse mortgage line of credit is that the available
funds increase in value over time when left untouched. It can be a perfect safety net for future
expenses both planned and unexpected.
The mission of One Reverse Mortgage is to educate people about this program and how it can be best
used in retirement. The experts at One Reverse Mortgage are licensed professionals and the company
operates nationwide. It also has an A+ rating with the Better Business Bureau.
For more information, visit www.onereversemortgage.com
* Homeowner is still responsible for taxes, insurance and property maintenance.
**Kirkham, Elyssa. “1 in 3 Americans Has Saved $0 for Retirement.Time Magazine. 14 March 2016.
http://time.com/money/4258451/retirement-savings-survey
Equal Housing Lender. Listed in all 50 states. One Reverse Mortgage NMLS #2052
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
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