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Baby Boomers, stock market and retirement
May 29th, 2010 | 
Author: Baby Boomers + Stock Market = Worries
- Are you about retirement?
- Are you exhausted and emotionally frustrated with Wall Street?
- Have you changed retirement plans?
Without an unexpected economic turnaround Baby Boomers may be in for a rude awakening. These retirees will need some other source to retire comfortably.
Good News for Baby Boomers
Reverse mortgages traditionally were very expensive. Why, many asked. It was due to a 2% loan origination (up to $6,000 maximum) a 2% upfront mortgage insurance premium (UFMIP), and service set-aside fees, PLUS the typical fees associated with forward mortgage refinances. On a home valued at $400,000 the origination, service set-aside and UFMIP add up to a whopping $19,000, or more.
No loan origination or service set aside with us
AND, at closing the borrower receives a 1% credit towards additional closing costs. This means that with a house appraised at $400k, the $17,000 savings goes directly into your pocket!
Fixed Rate not Adjustable
You may have been reluctant to inquire about a reverse mortgage in the past, for very good reasons. Now, for those that need the extra assistance and stability that a reverse mortgage will bring, we recommend you check out the benefits with no obligation.
Mortgage Advisors
We will meet with you and explain how a reverse mortgage works and help you decide if it is right for YOU. We never use high pressure, just good common sense and responsibility. We think a reverse mortgage is the right choice for a lot of seniors, but if it is not for you, we will tell you so.
If you or anyone you know might benefit from a reverse mortgage, give us a call today; 541-342-7576. No obligation, just really good, straightforward information from people who live and work in your community. If you would like to learn more about reverse mortgages, read more of this website.
If you have questions about a Reverse Mortgage we will not pressure you to take one out, but it may be in your best interest to check out one now, rather than later. Please contact one of us today at 541-342-7576. Alpine Mortgage Planning is located at 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. You can also e-mail Laurie here or Fred here. We are here to help you make the decision that is right for you. Reverse Mortgages are not for everyone, but they are an excellent choice for some people. Isn’t it time that you checked out the advantages of a Reverse Mortgage?
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