Welcome to “Understanding Reverse Mortgages Show“ where you will learn about the types of mortgages that allow seniors to use the equity in their homes to get cash so they can afford to retire at their current home without having to downsize. Some mortgages allow them to reduce their monthly payments, some allow them to skip monthly mortgage payments, some allow them to help pay monthly expenses, pay for home repairs and improvements, pay for vacations and visits to see the grandkids, increase their monthly cash flow, and pay medical and unexpected expenses. It is estimated that each person will need around $750,000 to cover all costs in retirement, so if you have not saved that much, please listen to hear about the different mortgage options that may bridge the gap and provide immediate extra cash or expense reduction. Your host, Patrick Kerwin, is a mortgage loan officer NMLS# 1867337 with American Advisors Group. You may have seen the Tom Selleck tv ads from American Advisors Group that discuss one type of mortgage option for retirees. Patrick holds a Master’s Degree in Finance from the Wharton School of Business. Patrick will discuss different situations customers face and which cash out or home equity mortgage options they considered to solve their current or future cashflow needs. If you are age 62 or older, or have parents or grandparents who are, please tune in.
Patrick is a Mortgage Loan Officer with American Advisors Group. He is the host of the” Understanding Cash Out and Home Equity Conversion Mortgages for Seniors” radio show on KLIF 570am on Sundays at 1pm. With a Wharton MBA in Finance, he has analyzed both types of mortgages for clients in Dallas and can show you the math for each type of mortgage so you can make an informed decision. He is a 33 year business owner who has worked for IBM, Accenture, General Motors, Health Care Now and several entrepreneurial startups. Please call to discuss your situation and set up an informational meeting in person or by phone. 214-415-3773 or AAGShow.com