Your Hometown Reverse Mortgage Consultant based in Palm Beach, FL
Your Hometown Reverse Mortgage Consultant based in Palm Beach,
FL
Licensed in Florida - located in Palm Beach County
Carol Fischetti
Your Hometown Reverse Mortgage Consultant based in Palm Beach, FL
Your Hometown Reverse Mortgage Consultant based in Palm Beach,
FL
Licensed in Florida - located in Palm Beach County
I'm proud to work for a company focused on one thing: educating seniors about reverse mortgages to help them unlock the power of their homes and live a more comfortable retirement.
Your Starting Point to Reverse Mortgages
COMMON MISCONCEPTIONS
MYTH: Taxes have to be paid on money received from a reverse mortgage.
Nope! Proceeds from a reverse mortgage are not considered income, and are therefore not taxable. The money from a reverse mortgage comes from your home’s equity, which already belongs to you, so it’s not considered income. Plus, the interest on a reverse mortgage can be tax-deductible when it’s repaid.
MYTH: Your heirs can’t inherit the home with a reverse mortgage.
Nope! You will still be able to pass the home on to your kids. Just like any other mortgage, they can inherit the house. When the loan becomes due, they can decide how to repay the loan balance.
MYTH: Reverse mortgages should only be used as a last resort.
That’s incorrect! A reverse mortgage is a powerful financial tool that can be an important part of your overall financial plan. From paying off an existing mortgage to delaying Social Security benefits, or even establishing an emergency line of credit, it’s a flexible product that gives you options.
MYTH: A reverse mortgage interferes with Social Security and Medicare benefits.
False! Government entitled programs such as Social Security and Medicare are not affected by a reverse mortgage – however, need-based programs such as Medicaid may be. Consult a qualified financial advisor to learn more.
MYTH: Reverse mortgages are expensive.
Here’s the truth – reverse mortgage loan origination costs and interest rates are comparable to those of traditional mortgages. They do not require large out-of-pocket expenses. There are FHA insurance costs that some traditional mortgages don’t require, but the insurance benefits are well worth the relatively small cost.
MYTH: With a reverse mortgage, the bank takes your home.
That’s false! With a reverse mortgage, the homeowner keeps the title to the home in their name. The lender simply adds a lien onto the title to guarantee that the money will eventually be paid back when the loan becomes due.
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How it Works
For many Americans, their home is their biggest asset, and the one they have invested the most in throughout their lives. And a Home Equity Conversion Mortgage (HECM), or "reverse mortgage," can allow senior homeowners to tap into some of this hard-earned home equity – for another source of cash to help fund retirement, counteract the effects of inflation, and live more comfortably.
Let’s Get Social
Many of your clients approaching retirement have most of their net worth tied up in their homes. Helping them access this wealth can help you develop more comprehensive, effective, and tax-efficient plans without unnecessary changes in your client’s lifestyle or spending down their invested portfolio. Learn more: online.flippingbook.com/view/1043288431 #retirement #reversemortgage #HECM #finance #money #investment #economy #economics
🌱 The new year is here, bringing fresh opportunities to expand your business! 🌱 According to the 2024 NAR Home Buyers and Sellers Generational Trends Report, seniors aged 59 and older made up 35% of the home buying market last year – a trend showing no signs of slowing. For your older clients, a “Reverse for Purchase” could be the perfect solution to help them afford their dream home with greater financial flexibility. 🏘️ This unique program allows older homebuyers to purchase a new home and secure a reverse mortgage in a single transaction—often with a lower upfront investment—and the same great reverse mortgage benefits. Make 2025 the year you offer your clients more options and grow your business. Let’s connect to discuss how Reverse for Purchase can help! #RealEstate #ReverseMortgage #NewYearOpportunities #ReverseforPurchase #Longbridge #LongbridgeFinancial #businessgrowth #homebuying #housingmarket #NAR #NationalAssociationofREALTORS
Today we celebrate Dr. Martin Luther King Jr. and all that he stood for. #MLK #MLKDay #MartinLutherKing
What If Your Spouse Isn’t 62 Yet? Reverse Mortgage Answers You Need
Wondering whether a reverse mortgage is still an option if your spouse isn’t 62 yet? 🏡💡 Good news—it is! Learn how protections like the "eligible non-borrowing spouse" designation and proprietary products can help you unlock your home’s equity while safeguarding your future together. Call me to discuss 561-351-4461. Read our blog to learn more! #reversemortgage #Longbridge #LongbridgeFinancial #blog #FAQs
Are you a CFP®️ professional looking to earn CE credit? 📝 As more Baby Boomers reach retirement age, many are realizing Social Security will play a bigger role in their finances than they previously thought. They’re also realizing they don’t know as much about the program as they should. Join us for a complimentary webinar featuring insights into the myths and misunderstandings around the Social Security program from Kurt Czarnowski, former Regional Communications Director for the Social Security Administration. ⏳Don’t miss out! Register now >> https://attendee.gotowebinar.com/register/4823369938606608735?source=LoanOfficer #reversemortgage #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #socialsecurity
✨ As 2025 kicks off, your clients are likely setting financial goals for the year ahead—whether it’s tackling home renovations, checking off bucket-list adventures, supporting loved ones, or even making a big move. For older homeowners, their biggest asset—their home—could be the key to funding these ambitions. 🏠 Reverse mortgages provide a flexible way to tap into home equity and achieve financial goals without disrupting other investments. Ready to help your clients make the most of 2025? Let’s talk about how reverse mortgages can turn their resolutions into realities! #FinancialGoals #ReverseMortgage #RetirementPlanning #NewYear #2025 #Longbridge #LongbridgeFinancial #Finance #CFP
Many of your clients approaching retirement have most of their net worth tied up in their homes. Helping them access this wealth can help you develop more comprehensive, effective, and tax-efficient plans without unnecessary changes in your client’s lifestyle or spending down their invested portfolio. Learn more: online.flippingbook.com/view/1043288431 #retirement #reversemortgage #HECM #finance #money #investment #economy #economics
🌱 The new year is here, bringing fresh opportunities to expand your business! 🌱 According to the 2024 NAR Home Buyers and Sellers Generational Trends Report, seniors aged 59 and older made up 35% of the home buying market last year – a trend showing no signs of slowing. For your older clients, a “Reverse for Purchase” could be the perfect solution to help them afford their dream home with greater financial flexibility. 🏘️ This unique program allows older homebuyers to purchase a new home and secure a reverse mortgage in a single transaction—often with a lower upfront investment—and the same great reverse mortgage benefits. Make 2025 the year you offer your clients more options and grow your business. Let’s connect to discuss how Reverse for Purchase can help! #RealEstate #ReverseMortgage #NewYearOpportunities #ReverseforPurchase #Longbridge #LongbridgeFinancial #businessgrowth #homebuying #housingmarket #NAR #NationalAssociationofREALTORS
Today we celebrate Dr. Martin Luther King Jr. and all that he stood for. #MLK #MLKDay #MartinLutherKing
What If Your Spouse Isn’t 62 Yet? Reverse Mortgage Answers You Need
Wondering whether a reverse mortgage is still an option if your spouse isn’t 62 yet? 🏡💡 Good news—it is! Learn how protections like the "eligible non-borrowing spouse" designation and proprietary products can help you unlock your home’s equity while safeguarding your future together. Call me to discuss 561-351-4461. Read our blog to learn more! #reversemortgage #Longbridge #LongbridgeFinancial #blog #FAQs
Are you a CFP®️ professional looking to earn CE credit? 📝 As more Baby Boomers reach retirement age, many are realizing Social Security will play a bigger role in their finances than they previously thought. They’re also realizing they don’t know as much about the program as they should. Join us for a complimentary webinar featuring insights into the myths and misunderstandings around the Social Security program from Kurt Czarnowski, former Regional Communications Director for the Social Security Administration. ⏳Don’t miss out! Register now >> https://attendee.gotowebinar.com/register/4823369938606608735?source=LoanOfficer #reversemortgage #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #socialsecurity
✨ As 2025 kicks off, your clients are likely setting financial goals for the year ahead—whether it’s tackling home renovations, checking off bucket-list adventures, supporting loved ones, or even making a big move. For older homeowners, their biggest asset—their home—could be the key to funding these ambitions. 🏠 Reverse mortgages provide a flexible way to tap into home equity and achieve financial goals without disrupting other investments. Ready to help your clients make the most of 2025? Let’s talk about how reverse mortgages can turn their resolutions into realities! #FinancialGoals #ReverseMortgage #RetirementPlanning #NewYear #2025 #Longbridge #LongbridgeFinancial #Finance #CFP
About Me
(BIO) Carol Fischetti
NMLS# 298743
After working in human resources for many years, I decided to make a career change after caring for my mother who had Alzheimer’s disease. I found myself navigating the health care industry and meeting many older Americans who needed assistance. These experiences prompted me to enter the reverse mortgage space.
As a reverse mortgage consultant, I am dedicated to helping my clients make decisions that provide them with the financial security they envisioned. Often the decision to use a reverse mortgage involves medical expenses or a desire to stay in one’s home. But sometimes, it helps seniors buy a new home or even travel the world. I enjoy educating my clients on the benefits of the reverse mortgage; as well as any risks and obligations that come with it. I truly enjoy establishing new friendships with those I have helped.
I serve my community by being on the board of the Partnership for Aging in Palm Beach, which is a non-profit organization focusing its energies on enhancing the lives of older people through advocacy, information sharing, and education. I teach a reverse mortgage class at an adult community school and serve on the startup committee to bring a chapter of the Adult Children of Aging Parents to Florida.
I reside in South Florida, where I enjoy gardening, bicycle-riding, pickleball, New York Mets baseball, and my two cats: Scooter and Cody.
Branch Address: 510 County Rd 466 Suite 207, Office #E, Lady Lake, FL 32159; Branch NMLS #: 2481939; Phone #: 551-264-5031