Pete Tentler - The Financial Locksmith‪®‬ Pete Tentler

Presentation at Conservatorship meeting

Meeting presentation at North County Estate Planning Council meeting July focusing on Demystifying the Opportunities of Reverse Mortgages and Other Opportunities in Planning for Retirement

In this myth I call myth #5 is that people don’t believe that you can actually use a reverse mortgage to help finance the purchase of a new home. 

Think of it just like a regular mortgage or using a mortgage as a down payment, but this time it’s a reverse mortgage, which means no mortgage payments.

This myth is false. Reverse mortgage allows empty nesters to right size and set a compromise instead of downsizing and compromising their living situation.