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User Name:
Steven Ceceri
(member since 3/11/2008)
Posts:
0 Questions and 3 Answers
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The con is that you will not be entitled to the same benefits as your wife assuming something happen...
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The con is that you will not be entitled to the same benefits as your wife assuming something happens to her and you are left behind. The loan would then need to be paid as the basics of the program say that no payments are due "until the last surviving borrower on title permanently leaves the property as to not occupy it as their primary residence anymore, sells the property, or pays of the mortgage from other funds". In the simplest case, if a borrower were to pass on, the loan is due within a certain period of time determined by the lender and they will work with you as long as you are making a document effort to take care of paying off the mortgage. The pro is that you can take advantage of using a reverse mortgage, such as if you are in need of eliminating a mortgage payment or in need of cash for other things. I would strongly advise that you speak to a Nationally Recognized Elder Law Attorney and I would be happy to point you in the right direction. This is not something that should be decided on a whim. Please get professional advice from a professional who works with these situations on a daily basis, thus my reason for recommending an Elder Law Attorney. Feel free to visit www.NAELA.org to find out more. Good Luck, Steven V. Ceceri Certified Mortgage Planning Specialist, Reverse Mortgage Specialist Best Financial Mortgage Services, Inc. 108 Phenix Avenue Cranston, RI 02920 Cell: (401) 523-7423 Office: (401) 490-3210 Fax: (401) 490-3211 Email: SCeceri@BestMortgageNE.com Website: http://www.bestfinancialmortgage.com/ Best Service... Best Rates... Simply the Best.
Good Morning, My name is Steven Ceceri and I am with EverBank Reverse Mortgage, LLC a dedicated N...
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Good Morning, My name is Steven Ceceri and I am with EverBank Reverse Mortgage, LLC a dedicated Nationwide Direct Lender and Servicer of only Reverse Mortgages. I am happy to answer the question you posed on March 9, 2008 as follows: If you visit the following website at: http://www.socialsecurity.gov/planners/calculators.htm you should be able to ascertain how much you can receive based on your age and a few other details that you will need to enter. If you would like any details on how a Reverse Mortgage could benefit you or anyone you may know, please allow me to help. My goal is to educate anyone interested in learning more about how a reverse mortgage may be beneficial for their financial circumstances so they may have an option that they didn't think was available to them in determining how to proceed in their later years. I would be happy to answer any questions. Feel free to contact me directly if you have any questions or comments. Steven V. Ceceri-Reverse Mortgage Consultant, CMPS EverBank Reverse Mortgage LLC 1665 Hartford Avenue, Suite 9 Johnston, RI 02919 Office: (401) 751-8879 Blackberry: (401) 533-6628 Cell: (401) 523-7423 Fax: (401) 633-6489 Toll Free: (800) 269-6797 Email: SVCeceri@EverBankReverse.com Website: www.EverBankReverse.com
Good Morning, My name is Steven Ceceri and I am with EverBank Reverse Mortgage, LLC a dedicated N...
(Show entire answer)
Good Morning, My name is Steven Ceceri and I am with EverBank Reverse Mortgage, LLC a dedicated Nationwide Direct Lender and Servicer of only Reverse Mortgages. I am happy to answer the question you posed on March 9, 2008 as follows: If you visit the following website at: http://www.socialsecurity.gov/planners/calculators.htm you should be able to ascertain how much you can receive based on your age and a few other details that you will need to enter. If you would like any details on how a Reverse Mortgage could benefit you or anyone you may know, please allow me to help. My goal is to educate anyone interested in learning more about how a reverse mortgage may be beneficial for their financial circumstances so they may have an option that they didn't think was available to them in determining how to proceed in their later years. I would be happy to answer any questions. Feel free to contact me directly if you have any questions or comments. Steven V. Ceceri-Reverse Mortgage Consultant, CMPS EverBank Reverse Mortgage LLC 1665 Hartford Avenue, Suite 9 Johnston, RI 02919 Office: (401) 751-8879 Blackberry: (401) 533-6628 Cell: (401) 523-7423 Fax: (401) 633-6489 Toll Free: (800) 269-6797 Email: SVCeceri@EverBankReverse.com Website: www.EverBankReverse.com
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