The writer is a reverse mortgage broker in Canada. He specializes in reverse mortgages to help seniors life their life in dignity. Reverse mortgages can greatly assist the elderly in living their lives to the fullest.
According to the Bureau of the Census, senior citizens in this country have approximately $2 trillion in home equity. This book will target these consumers plus their children-the 75 million Baby Boomers-who are now asking financial and lifestyle questions on behalf of their parents and who also will consider a reverse mortgage as a viable solution in their lives. Secondarily, this book will be of use to those in the real estate, legal, health care, and financial industries who will assist these huge senior-Boomer groups-the largest, healthiest, and wealthiest segments ever encountered on the American growth landscape. Because the market is so large, professionals are looking for any information they can use in helping family, friends, and customers to age in place.
“Some people will say reverse mortgages are absolutely too expensive, while others will tell you they are the greatest deal on earth. What all the years of talking to seniors about reverse mortgages has taught me is that you can show somebody what something costs, but you cannot tell them what it’s worth to them,” said Ken Scholen, who founded the nonprofit National Center for Home Equity Conversion (NCHEC) in Madison, Wisconsin, in 1981 to better educate consumers on reverse mortgages and other alternatives. Scholen, who has never acted as a mortgage lender, still serves as NCHEC director and coordinates MRP’s reverse mortgage program and counseling service along with Bronwyn Belling, a long-time reverse mortgage specialist.
A brokers mortgage in canada can fine tune the mortgage product for you. An expert mortgage broker is essential to understand your Vancouver mortgage options.