Mortgage Solutions for Seniors

April 5, 2024 | Posted by: Sharon Patton

Are you a senior with a mortgage?

Do you know a senior with a mortgage?

Are you seeing a decrease in your monthly cash flow?

We are here to help. Let's look at the solutions below that may benefit you or a loved one.

Are you still managing your monthly mortgage payments and worried that your upcoming renewal and payments will increase?

Let's look at your renewal now and come up with a strategy that is affordable for you. We can lock in a rate 120 days before maturity to protect you from further interest rate changes and look at programs that will help offset the costs. Sometimes renewing automatically with your current lender is not the most viable option for your financial future.

Are you managing your mortgage payments and debts but still noticing a decrease in cash flow?

We can consolidate your high-interest debt into your mortgage with a refinance. Let's look at the numbers and how you can not only increase your monthly cash flow but save thousands in interest.

Would you have no mortgage payment and increase your cash flow?

When it comes to deciding, a reverse mortgage gives you tax-free cash when you need it, with no required payments with interest accrued over time. Depending on your financial needs, the trade-off of accumulating interest can be an acceptable one; you can enjoy your lifestyle, cover expenses, avoid more costly options like selling off investments, and all the while retaining ownership in the home where you’ve gathered so many memories. Often the accumulating interest is offset with property appreciation over time.

Let's talk today and do a needs analysis to determine the best solution for your financial needs. We are here to help protect your financial future.

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