If we just took time to look around we could see others are struggling. I can see it is harder to make ends meet in today’s economy of rising prices let alone provide for a modest buffer against these costs. I became concerned with senior issues out of the profound effect knowledge of the reverse mortgage has had on me. When I found how the reverse mortgage can solve the economic, social, and health pressures affecting Senior Americans today and realized how few were taking advantage of this government insured program, I had to act. So here I am and I ask you, why not let your home pay you for a lifetime of hard work? I urge you to consider taking the nest egg trapped in your homes and treat it just like social security. It is a matured investment, as if you contributed to a pension plan over time. Why not use your home to create more options, increase your current standard of living, continue to live in your home and never have a monthly house payment as long as you live in your home. Why not!

Let me tell you the Reverse Mortgage became a valuable and safe tool for Senior Americans after the United States Congress authorized the Department of Housing and Urban Development (HUD) to get involved through the Federal Housing Administration (FHA) Home Equity Conversion Mortgage (HECM). Yet, what is it about our homes and another mortgage that instills fear in us. It seems we would rather take out a costly second mortgage or equity line of credit instead of a reverse mortgage without having to paying a nickel back. Sadly, this feeling is real even though the American Association of Retired Persons (AARP) and nationally syndicated columnists like Robert Bruss continue to praise the value of the reverse mortgage in their literature. I think the perception of safety is the BIG issue. Many seniors react to the suggestion of a reverse mortgage by saying “I could lose my home then what?” Yet the truth is your home MUST be in and REMAIN in your name (the borrower). There is no transference of ownership whatsoever and you do not pay back a dime!