Reverse Mortgages Are They Safe for Your Parents? What You Didn't Know Could Help.

I’m guessing you’ve seen some of those older actors, in TV ads, promoting reverse mortgages.  One of whom got jammed up as the firm he was representing was pursued by the Consumer Financial Protection Bureau over concerns that they were misleading seniors. 

Even I became skeptical, afterward, on this subject.  However, my guests, Peter Tourigny and Jason Nightingale, shed some light on this topic in our next discussion, including:·      

• How they work
• Who can benefit and who won’t
• Related costs (yes, there are costs!)
• Tax-related issues - there are some good things here
• How mandatory counseling with a third party works
• The amount that someone can get out of their home
• And a lot more. 

This is a power-packed episode that will help arm you and your parents with a list of questions to ask before you make any reverse mortgage decisions with or for your parents, or even yourself. So, tune in to this direct, to-the-point, discussion.

Myths and realities of reverse mortgage notes, and if they're part of the answer to your care cost challenges.

Linkes:

• Peter Tourigny
• Jason Nightingale
• Public litigation article about one well-advertised reverse mortgage company
• Nancy A. May LinkedIn, FaceBook, Instagram
• Book: How to Survive 911 Medical Emergencies, Step-by-Step Before, During, After
• Free File-of-Life
• Eldercare Success, YouTube
• Ask Nancy a Question About Your Care Challenges and Ideas

Guests: Peter Tourigny, has been helping his clients with the refinancing and purchasing of their homes in 44 states throughout the country. Born in Worcester, Massachusetts, he now resides in Manhattan Beach, California with his wife Skylar, daughter Elleni, and son Evan. 

Jason Nightingale, owner of Safe Money Solutions, LLC in Kamiah, Idaho, operates across 40 states. Based on his own needs, In 2017, Jason developed a series of innovative strategies, to significantly reduce mortgage/debt payoff times and save homeowners an average of $100-$200,000. He also developed and introduced a unique savings mechanism, that can capture about 6% in compound interest using specialized insurance products. These strategies offer tax-free gains and penalty-free access to funds, benefiting retirement significantly.

Passionate about helping others do well too, Jason travels and teaches his strategies to investors and advisors throughout the US.