Your Hometown Reverse Mortgage Consultant based in Clarkesville, GA
Your Hometown Reverse Mortgage Consultant based in Clarkesville,
GA
Licensed in Georgia, Florida
Robert Parker, CRMP
Your Hometown Reverse Mortgage Consultant based in Clarkesville, GA
Your Hometown Reverse Mortgage Consultant based in Clarkesville,
GA
Licensed in Georgia, Florida
I’m proud to work with 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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Featured Video
Reverse Mortgage Success Story
"The line of credit is one of the best aspects of the reverse mortgage." Longbridge borrower, Steve, shares his story how he found peace of mind with a reverse mortgage.
Let’s Get Social
#MythMonday - Will I be able to pass the home on to my children?
When it comes to reverse mortgages, there are several commonly spread misconceptions. So let’s start by addressing one of our top asked questions – “Will I be able to pass the home onto my children?” Learn more in our video. #mortgage #reversemortgage #HECM #video #retirement
Wishing you and your loved ones a happy holiday season! May your hearts be filled with warmth and happiness as you spend time with your loved ones.
At this time of Thanksgiving celebration, our thoughts turn gratefully to you with warm appreciation. Best wishes for a Happy Thanksgiving. #Thanksgiving
You’ve worked hard to prepare yourself for retirement and deserve to get the most out of your hard-earned home equity. With our Longbridge Platinum private jumbo reverse mortgage, you can unlock more of your home equity than with a traditional HECM – up to $4,000,000. Learn more: online.flippingbook.com/view/427468391 #retirement #reversemortgage #mortgage #jumbomortgage #longbridgeplatinum
Feast on Savings: Your Guide to a Budget-Friendly Thanksgiving
Thanksgiving should be about giving thanks with your loved ones, not stressing about your budget. With a little planning and smart shopping, you can savor both the feast and the savings. Check out our #blog for money-saving tips ahead of Turkey Day!
#MythMonday - Will I be able to pass the home on to my children?
When it comes to reverse mortgages, there are several commonly spread misconceptions. So let’s start by addressing one of our top asked questions – “Will I be able to pass the home onto my children?” Learn more in our video. #mortgage #reversemortgage #HECM #video #retirement
Wishing you and your loved ones a happy holiday season! May your hearts be filled with warmth and happiness as you spend time with your loved ones.
At this time of Thanksgiving celebration, our thoughts turn gratefully to you with warm appreciation. Best wishes for a Happy Thanksgiving. #Thanksgiving
You’ve worked hard to prepare yourself for retirement and deserve to get the most out of your hard-earned home equity. With our Longbridge Platinum private jumbo reverse mortgage, you can unlock more of your home equity than with a traditional HECM – up to $4,000,000. Learn more: online.flippingbook.com/view/427468391 #retirement #reversemortgage #mortgage #jumbomortgage #longbridgeplatinum
Feast on Savings: Your Guide to a Budget-Friendly Thanksgiving
Thanksgiving should be about giving thanks with your loved ones, not stressing about your budget. With a little planning and smart shopping, you can savor both the feast and the savings. Check out our #blog for money-saving tips ahead of Turkey Day!
About Me
Hello, I am your local Reverse Mortgage Professional. I am honored to be working with the senior community. I have several years of experience in the reverse mortgage space, focusing on Home Equity Conversion Mortgages. I am committed to helping seniors find better retirement solutions and am excited to bring my honesty, compassion and education to senior homeowners. I bring an in-depth understanding of the reverse mortgage process and how the loan works.
Georgia Residential Mortgage Licensee No. #44082; Originator License No. 32377. Branch Address: 137 E Morgan Street Unit A, Clarkesville, GA 30523; Branch NMLS #: 2474486; Phone #: 551-264-5494