Saved for retirement but maybe not as much as you wanted? Listen in!

All right. You just made her retirement, but maybe not as much as you wanted it. So this is the video for you to watch. You’re really worried about the reverse mortgage. And I want to talk to you not just about the good, the bad, but also the ugly. My name is Denise Basil. I am a local real estate agent in the northwest, our offshore cargo. And my mission is to make sure that I can connect you with your real estate dream. That reverse mortgage has a bad reputation, and honestly, it deserves it. It’s just a reputation based on way, way back when, it was structured just a little differently. And the way it was structured was the fact that our mortgage was only going to be in one borrower’s name. Now, when that person needed to move into a facility or have passed away, the spouses of remaining in the home to like an evacuation, she was not able to remain in the home without repaying the loan or selling the house. Hence the bad reputation went the reverse mortgage. Good.

Then this has changed and it has been restructured. And now the reverse mortgage has actually been a really helpful tool for financial planning and a good strategy when it comes to downsizing. Instead of a reverse mortgage, it may need to downsize in general, cutting costs to the point of a 20 or 30% cut, get something smaller, and then if you do have equity that you can reinvest, maybe in reinvesting it in a slightly different way. So different strategy, but maybe it can have the benefits to the outcome. And if you have any questions on the road, as we know that I’m happy to answer them or going to have you somebody that I am by no means a financial advisor, nor do I want to plan your retirement.

But the best advice I can give you here is to simply get together with a strategy and can make sure they look at all the avenues for you to make sure your retirement money is stretching just a little bit further. My name is Janine Sasso and I am a local real estate agent in the northwest suburb of Chicago. If you’ve been wondering how market ready your home is, you can simply go and take my quiz absolutely free after hours and you will get instant results as well. So the quiz is at www.bit.ly\homescorequize thats. www.bit.ly\hhomescorequiz get you in the middle. So you know how your home is stacking up with the competition. Make it a wonderful day and all competition.

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