Eric Brotman breaks down the pros and cons of reverse mortgage strategies in reaching and maintaining financial independence, with mortgage specialist Neil Sweren.
In this episode:
- Making sure one of your largest assets isn’t “unemployed” when you retire.
- What is reverse mortgage?
- What are the restrictions and qualifications?
- Understanding the pros and cons of reverse mortgage strategies in reaching and maintaining financial independence.
- A way to finance purchases on new homes, make current situations work for you.
- Reverse mortgages don’t exist in a vacuum, they can be beneficial not only for the value but for the lifestyle
Guest Bio
Neil has worked in retail mortgage lending since graduating from Towson University in 1989. After 20 years as a small independent broker, Neil now manages the reverse mortgage division for Atlantic Coast Mortgage, a regional mortgage banker.
Neil has an extensive background with a wide range of conventional and government insured programs including Conventional, VA, FHA, Renovation and Construction loans and Private Placements. Over the span of his career, Neil has personally helped thousands of homeowners and homebuyers with financing and now focuses his efforts on helping seniors with their unique financing needs.
Neil and his team are noted industry experts in helping seniors with the use of reverse mortgages to more comfortably age in place or as an aid to help purchase more age appropriate housing.
