Your Hometown Reverse Mortgage Consultant residing in Palm Beach, FL
Your Hometown Reverse Mortgage Consultant residing in Palm Beach,
FL
Licensed in Florida - located in Palm Beach County
Carol Fischetti
Your Hometown Reverse Mortgage Consultant residing in Palm Beach, FL
Your Hometown Reverse Mortgage Consultant residing 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 income 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 generally not affected by a reverse mortgage – however, need-based programs such as Medicaid may be. Consult a qualified financial advisor or the appropriate government agency 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 cost is relatively small.
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, provided they meet their loan obligations, keeping current with property taxes, insurance, and maintenance. 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. Important Note: When you click on this video, certain personal information may be sent to the video provider (such as YouTube, Vimeo, etc.). To learn more about our privacy practices, please review our Privacy Notice.
Let’s Get Social
🍂 As the seasons change, many clients re-evaluate their financial strategies to better prepare for what’s ahead. Home equity remains one of the most powerful—yet underutilized—tools in retirement planning for seniors. Longbridge Financial’s innovative home equity solutions can help. Whether your clients need supplemental cash flow without selling investments, want to create liquidity for unexpected expenses, or are looking for stability in uncertain markets, their home equity can help them safeguard their financial future. This fall, let’s work together to help your clients harvest the home equity they’ve worked hard to build. 🍁🌟 #FinancialPlanning #HomeEquity #ReverseMortgage #RetirementSolutions #Longbridge #LongbridgeFinancial
Retirement planning is changing—and housing wealth is taking on a bigger role than ever before. 🏠 Join Ryan Ponsford and Chris Mayer on October 14 for a CE webinar on how innovative home equity solutions can unlock liquidity, protect assets, and strengthen client strategies. Register now to reserve your spot: https://attendee.gotowebinar.com/register/101169813468752214?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #CFP #CFPprofessional #FinancialProfessional #CEcredit #CEwebinar #FinancialPlanning #FinancialAdvisor #Finance #HomeEquity #HomeEquitySolutions #HousingWealth
HECM for Purchase - How You Can Buy a House with a Reverse Mortgage
🏡 Thinking about downsizing, moving closer to family, or finding a more accessible home for your needs this fall? With Reverse for Purchase financing you can purchase a new home using proceeds from a reverse mortgage. It’s an innovative way to “right-size” your home for your retirement lifestyle while keeping more of your hard-earned savings in your pocket. 💰 💡 Explore how Reverse for Purchase financing can work for your home-buying goals: https://longbridge-financial.com/blog/reverse-mortgages/hecm-for-purchase-how-you-can-buy-a-house-with-a-reverse-mortgage/?agent=1 #ReverseForPurchase #Rightsize #RetirementReady #LongbridgeFinancial #Longbridge
It’s Active Aging Week! Use this week as an opportunity to recommit to staying active at every age, whatever that may mean for you. From physical fitness to mental wellness, take note of a few goals you have and make a plan to go out and get active! 💪 #ActiveAgingWeek #Longbridge
Did you know your older buyers could use a reverse mortgage to buy a new home? Known as “Reverse for Purchase,” this type of loan helps your clients accomplish two goals with a single transaction – buying a new home while securing a reverse mortgage. 🏠 Learn more about this often overlooked and misunderstood home financing solution that can help your senior buyers secure their dream homes: https://online.flippingbook.com/view/491065796/ #homeownership #ReverseforPurchase #reversemortgage #HECM #HECMforPurchase #mortgage #homepurchase #homebuying #realestate #Longbridge #LongbridgeFinancial #housingmarket
Long-Term Care Planning Month is the perfect time to start preparing a robust plan for your future care needs, no matter what stage of life you are in. 💙Planning ahead can empower you to make informed decisions and help ensure peace of mind for you and your loved ones. Happy planning! #LongTermCarePlanningMonth #Longbridge
🍂 As the seasons change, many clients re-evaluate their financial strategies to better prepare for what’s ahead. Home equity remains one of the most powerful—yet underutilized—tools in retirement planning for seniors. Longbridge Financial’s innovative home equity solutions can help. Whether your clients need supplemental cash flow without selling investments, want to create liquidity for unexpected expenses, or are looking for stability in uncertain markets, their home equity can help them safeguard their financial future. This fall, let’s work together to help your clients harvest the home equity they’ve worked hard to build. 🍁🌟 #FinancialPlanning #HomeEquity #ReverseMortgage #RetirementSolutions #Longbridge #LongbridgeFinancial
Retirement planning is changing—and housing wealth is taking on a bigger role than ever before. 🏠 Join Ryan Ponsford and Chris Mayer on October 14 for a CE webinar on how innovative home equity solutions can unlock liquidity, protect assets, and strengthen client strategies. Register now to reserve your spot: https://attendee.gotowebinar.com/register/101169813468752214?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #CFP #CFPprofessional #FinancialProfessional #CEcredit #CEwebinar #FinancialPlanning #FinancialAdvisor #Finance #HomeEquity #HomeEquitySolutions #HousingWealth
HECM for Purchase - How You Can Buy a House with a Reverse Mortgage
🏡 Thinking about downsizing, moving closer to family, or finding a more accessible home for your needs this fall? With Reverse for Purchase financing you can purchase a new home using proceeds from a reverse mortgage. It’s an innovative way to “right-size” your home for your retirement lifestyle while keeping more of your hard-earned savings in your pocket. 💰 💡 Explore how Reverse for Purchase financing can work for your home-buying goals: https://longbridge-financial.com/blog/reverse-mortgages/hecm-for-purchase-how-you-can-buy-a-house-with-a-reverse-mortgage/?agent=1 #ReverseForPurchase #Rightsize #RetirementReady #LongbridgeFinancial #Longbridge
It’s Active Aging Week! Use this week as an opportunity to recommit to staying active at every age, whatever that may mean for you. From physical fitness to mental wellness, take note of a few goals you have and make a plan to go out and get active! 💪 #ActiveAgingWeek #Longbridge
Did you know your older buyers could use a reverse mortgage to buy a new home? Known as “Reverse for Purchase,” this type of loan helps your clients accomplish two goals with a single transaction – buying a new home while securing a reverse mortgage. 🏠 Learn more about this often overlooked and misunderstood home financing solution that can help your senior buyers secure their dream homes: https://online.flippingbook.com/view/491065796/ #homeownership #ReverseforPurchase #reversemortgage #HECM #HECMforPurchase #mortgage #homepurchase #homebuying #realestate #Longbridge #LongbridgeFinancial #housingmarket
Long-Term Care Planning Month is the perfect time to start preparing a robust plan for your future care needs, no matter what stage of life you are in. 💙Planning ahead can empower you to make informed decisions and help ensure peace of mind for you and your loved ones. Happy planning! #LongTermCarePlanningMonth #Longbridge
About Me
(BIO) Carol Fischetti NMLS# 298743 After working in human resources for many years, the experience of caring for my mother who had Alzheimer’s inspired me to shift my career. Navigating the healthcare system introduced me to many older Americans in need of guidance, and it was through these experiences that I discovered my passion for helping seniors. This led me to specialize in reverse mortgages and home equity solutions designed specifically for older homeowners. Today, I am dedicated to helping my clients achieve the financial security and lifestyle they envision. For some, reverse mortgages can provide peace of mind during health challenges or allow them to more comfortably age in place. For others, these solutions open doors to buying a new home, pursuing hobbies, or even traveling the world. I find it incredibly rewarding to educate clients on both the benefits and responsibilities of senior-focused home equity solutions—and to build lasting friendships along the way. Outside of work, I actively serve my local community in South Florida. I am a board member of the Partnership for Aging in Palm Beach, a nonprofit committed to enhancing the lives of older adults through advocacy, education, and resources. I also serve on the organization’s Grants Committee, helping direct funding to programs that support seniors. Additionally, I am co-chair of the ACAP (Adult Children of Aging Parents) chapter in Palm Beach County and teach a reverse mortgage class at a local adult community school. When I’m not working or volunteering, I enjoy gardening, biking, pickleball, cheering on the New York Mets, and spending time with 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