EquiPoint Financial Network - Reverse Mortgage Specialists

Friends and Family

+ Larger Font | - Smaller Font
Have mom and dad mentioned getting a Reverse Mortgage? Do you have a friend that is asking for your opinion about a Reverse Mortgage? It can be a scary proposition, for you and for them especially if you don’t have all the facts.

This site and many others like it on the internet can provide much of the information you need to know to develop a comfort level with Reverse Mortgage products and programs available in the market place. Those feelings of uncertainty are very common to people just starting to investigate a Reverse Mortgage. Keep at it and you will find that the more you look the more protections and positive aspects you will find in a Reverse Mortgage. The HECM program in particular, has many features such as counseling provided by impartial agencies, to non-recourse loan payoffs. All of which are in place for the protection of the senior clients and their heirs.

So remember, good decisions are more likely if you have good information on which to base them on. We urge you to view our entire site and at least a few of the many other valuable resources on the internet, such as the AARP website, The National Reverse Mortgage Lenders website and the HUD/FHA website, just to name a few.

Please enjoy the information provided; our goal is to educate you so you can assist family members and loved ones make the best financial decision that suits THEIR financial needs.

The Approach

Research shows that older Americans prefer to live independently in their own homes; but you and your parents or family members probably have different ideas about what this means.

Here are ideas that could help develop into conversation when discussing the future with your parents, friends or family members; and what kind of help they will need or want in order to remain financially comfortable in their own home:

  • Be positive, allow your parents or family members to make their own decisions and resist the temptation to push any issues unless their safety or health is in jeopardy. Ask you parents or family about what is important to them and the type of assistance they would prefer to allow them to stay in their home as long as possible.

  • Focus on their needs and worries about their current and future living situation. Talk about modifications to their home that can be made to help make them more comfortable.

  • Keep up to date on the status of their health. Are they able to afford their medications? How often do they need to fill prescriptions? Ask your parents/family members about their ability to manage their daily healthcare.

Make sure they can afford to pay their expenses. It can be difficult to get involved in your parents or family members finances; but it’s equally important to ensure they can afford to eat well and pay their bills.

  none

Request Information
First Name:
Last Name:
Phone:
Email Address:
Borrower's age:
Co-borrower's age:
Mortgage Balance:
Address:
City:
State:
Zip Code:
Est Property Value:
Receive Info via: