The Unexpected Role of Reverse Mortgages

Needham MA

13 July, 2021

12:49 PM

Description

How to Achieve More Joy and Personal Fulfillment? The Unexpected Role of Reverse MortgagesBonny Gilbert, Esq., to Lead Zoom Presentation for Center at the Heights Tuesday, July 20 at 9:30 am July 13, 2021—COVID-19 reinforced the importance of maximizing every moment—and that means something different for each of us. Moving closer to grandchildren or splurging on trips…the list is endless. It could also mean spending less time worrying about being able to afford your current home, funding long-term care, or drawing from investments too fast. All these require financial resources, and many seniors are unaware of how reverse mortgages can potentially help. Bonny Gilbert, Esq., Bonny Gilbert Reverse Team, Fairway Independent Mortgage Corporation, will explain during a virtual presentation for the Center at the Heights, Needham. The presentation, “Adding Joy: A Financial Path Toward Greater Happiness and Fulfillment,” will take place Tuesday, July 20 at 9:30 am via Zoom. To join, please click here and email Aicha Kelley at [email protected] for additional help if needed. Individuals who are 62 or older can often use reverse mortgages to convert some equity into an additional source of tax-free money* and spend retirement more comfortably. There are also “purchase reverses”—which enable borrowers to draw more money from the sale of their home, and buy a new one (house or certain condos) without incurring monthly mortgage payments. Bonny Gilbert, Esq., NMLS #300106 is licensed in Massachusetts, Connecticut, Maine, New Hampshire, New York, New Jersey, and Virginia. Contact her at [email protected] or 857-300-6775. 380 West Broadway Unit 101, South Boston, MA 02127. Click here for legal disclosures. * This advertisement does not constitute tax or financial advice. Please consult a tax and/or financial advisor regarding your specific situation.