Understanding Reverse Mortgages

The main purpose of this book is to give you the information you need to know so you can decide whether or not a reverse mortgage is a good idea for your present financial circumstances. If so, then the second purpose of this book is to guide you through that process so you achieve your financial goals with as much knowledge and as little frustration as possible. A reverse mortgage is not right for everyone, but if it is the right solution for you, this book will tell you everything you need to know. There is not a lot of fluff in this book; the intention is to provide the information you need as simply as possible, while making it easy for you to understand reverse mortgages in a pleasant and comfortable way.This book is designed to:1. Provide a clear picture and understanding about reverse mortgages2. Explain the overall strategy the Federal Housing Administration (FHA) uses to ensure reverse mortgages are a long-term sustainable solution for families and our nation3. Provide a balanced view of the positives and negatives of a reverse mortgage4. Compare and contrast the different product choices and proceed with options for a reverse mortgage5. Describe the process for acquiring a reverse mortgage6. Present three different case studies that may be similar to yoursituation7. Prepare adult children to understand the reverse mortgage options available and their role in the process
About the Author: John Barlow is an expert in residential mortgage lending. As an advisor, he helps people understand the mortgage options available to them today. His passion has always been serving people and making a difference in their lives. John is the owner of Sound Financial Education and Reverse Mortgage Division Manager for Caliber Home Loans, which is one of the largest mortgage banks in the nation. John's mortgage lending career began in 2001 with a focus on regular refinance and purchase business. In 2008, his clients began asking questions about reverse mortgages when many seniors' access to money was severely diminished by the financial crisis. He learned firsthand how the financial needs of seniors are impacted and how important it is for seniors to have a plan for the future. John learned about the fundamentals of reverse mortgages by hiring Sam Collins, a long-term industry professional. John is an outstanding choice for quality mortgage advice and service. His thoughtfulness and patience has helped many seniors make informed choices when it comes to their mortgage and housing needs. John's best attribute is understanding people and aligning their goals with the proceeds from a reverse mortgage. His lending experience has helped many clients efficiently maneuver through the reverse mortgage process. John lives in Issaquah, Washington, with his wife and two daughters, and in his spare time, he enjoys supporting his girls' activities and being a member of Angelos Football Club.