Reverse Mortgages In Sonoma County

Is A Reverse Mortgage A “Good Fit” for You?

Helping you understand Reverse Mortgages.

As we age it seems that we become more aware of a proper “fit.”

Our hat, our shoes, our bank, our barber/hairstylist and grocery store all have that in common: the right fit.

Reverse Mortgages In Sonoma County

Is a reverse mortgage a good fit for you? It’s important to talk to a qualified reverse mortgage expert to find out.

That should be the same criteria you might use in reviewing the Reverse Mortgage loan program. Can it be a good fit? Ask yourself if you fully understand how this loan works and how it will benefit you.

Do I have a defined purpose for the loan proceeds? Some examples of how people use reverse mortgages are:

  • pay off existing debt
  • long term care issues
  • enhancing existing retirement income
  • establishing a standing line of credit as a hedge against unforeseen circumstances

Other questions you should be asking yourself are:

  • Do I have an estate or inheritance plan?
  • Could any public benefits I receive jeopardize my eligibility or the amount of benefit?

Yes, internet browsing can help clarify some program parameters. But my years of lending experience have demonstrated time and again there is no substitute for a personal interview. This can be a life altering decision. You need all the facts.

A reverse mortgage is not for everyone; but if it fits, it can provide “peace of mind.”

To learn more about the HECM reverse mortgage loan program visit my web site or contact me if you would like a free, no obligation meeting in person if possible. My general service areas are the North bay counties of Sonoma, Marin, Napa, Lake and Mendocino and extends on the I-80 corridor to Sacramento.

I look forward to helping you determine if a reverse mortgage is a “good fit” for you!

Tom Lubas
Lubas Reverse Mortgage

CA Bureau of Real Estate Broker #00969809 NMLS #1399194

This information is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice. These materials are not from HUD or FHA and were not approved by HUD or a government agency.