As retirement approaches, many struggle with how to best set themselves up for lasting financial security. Some tips and tricks on using home equity and reverse mortgages to plan for retirement could go a long way.
That’s where Robert Tollin, a Certified Reverse Mortgage Professional with Nationwide Mortgage Bankers, Inc., comes in. He will be hosting a live webinar titled Closing the Retirement Gap Using Home Equity, hosted by Schneps Media, the parent company of the Long Island Press.
“Many professionals are unaware that seniors can purchase a new home with a reverse mortgage by putting down approximately 50 percent of the purchase price,” Tollin said. “The borrower(s) have the choice of whether to make a payment to preserve home equity.”
Studies show that reverse mortgages can play a crucial role in retirement planning. Reverse mortgages are no longer seen by professionals as a last resort, but a strategic tool to provide seniors with greater financial flexibility.
Whether you are considering retirement or are post-retirement and hoping to secure a healthy financial future, Tollin can help. He has been a mortgage consultant since 2001 and specializes in educating homeowners about refinancing their mortgages.
As one of only 145 Certified Reverse Mortgage Professionals nationwide, Tollin’s expertise will give viewers a leg up with your retirement finances.