You’ve worked hard all your life. Now let your home work for you.
781-724-6221
By Alain Valles, MBA, MS
Financial & Emotional Pain
According to the Joint Center For Housing Studies and the Federal Reserve, there are over 23,000,000 older homeowners in the US with over 31 percent reporting “major financial stress.” Just like them, you may be facing severe cost burdens directly jeopardizing your ability to remain financially independent in your home and have access to cash when needed.
“It saddens me to know someone is in financial pain right now when a solution is readily available…” Alain Valles
A Solution
A reverse mortgage gives qualified borrowers the option to receive cash as a lump sum, a monthly check, or a line of credit with NO minimum required monthly mortgage payments. The homeowner is, of course, required to pay ongoing real estate taxes, insurance and meet other loan guidelines.
The Mystery
Of the millions of people eligible for a government insured reverse mortgage, less than 2% have taken advantage of this loan program. The question is why?
The Answer
According to the Brookings Institution report, the word “reverse,” conjures images of retreat and defeat. Nothing could be further from the truth. Taking proactive measures to understand your options always leads to a better quality of life.
“Not everyone should get a reverse mortgage, but everyone should know how one works…” Alain Valles
Get Educated. Take Action!
Development
A reverse mortgage might not be the magic wand to solve all of life’s challenges, but it very well could be the next best thing. Take the first step and get informed. I would enjoy the opportunity of having that conversation!
A great place to start is get your free “Use Your Home to Stay at Home” 36-page book. This is the official reverse mortgage consumer booklet approved by the U.S. Department of Housing & Urban Development and published by the National Council on Aging.
To receive your free copy, please call me at (781) 724-6221 or email me at alainvalles@gmail.com.
I am also available to evaluate your specific situation, answer your questions, and calculate how much money is available to you.
Alain Valles was the first designated Certified Reverse Mortgage Professional in New England. He obtained a Master of Science from the M.I.T. Center for Real Estate, an MBA from the Wharton School, and graduated summa cum laude from UMass Amherst. He is the senior reverse mortgage loan officer MLO#7946 at Powerhouse Funding Corp. NMLS #1740551. He can arrange but does not make loans. Alain can be reached directly at (781) 724-6221 or by email at alainvalles@gmail.com.
