By Mark E. Ary, MBA – Senior Licensed Loan Originator
Many people decide to move forward with a reverse mortgage for various reasons, but if you’re suffering from a chronic health condition, it could be the answer you’ve been looking for. Because our population is living longer, people are searching for viable options to help them live out their best life. So while the retirement age used to only last a decade, it is now lasting for two or more decades. With longer life, we can experience and make many more memories, but along with this merriment, longevity of life often comes with significant health issues.
It’s a common misconception to view a reverse mortgage as looming financial woe. Reverse mortgages are not to be looked at as a last resort to economic difficulty, but rather as an opportunity to build income for your retirement and perhaps your mounting healthcare bills.
In addition to travel and leisure, the healthcare industry is expensive. If you arc diagnosed with cancer, your office visits, surgery and treatment will be ongoing, and your cost associated with your care will be continuously escalating. The same holds true for many other age related diseases and disorders.
According to the 2017 Retirement Healthcare Costs Dara Report, “Total projected lifetime health care premiums (Medicare Parts B and D, supplemental insurance, and dental insurance) for a healthy 65-ycar-old couple retiring this year arc expected ro be$32 I ,994 in today’s dollars ($485,246 in future dollars). Adding deductibles, copays, bearing, vision, and dental cost sharing, that number grows ro$404,253 in today’s dollars ($607,662 in future dollars).”
In cases where medical care is a major issue, reverse mortgages arc helping countless individuals maintain their lifestyle of choice while receiving quality restorative treatment. With today’s modem reverse mortgages, you remain in control, and the terms are more flexible than those of the past.
You will remain the owner of your home’s title throughout the entire reverse mortgage process. You are able to leave your home to family members, and your loved ones can even remain in the home if you were to pass away.
At Edison Mortgage Group, Mark Ary’s mission is to serve his customers with honesty, integrity, and competence. Mark’s goal is to provide home loans to his clients while providing them with the lowest interest rates and closing costs possible. Furthennore, he helps borrowers overcome roadblocks that can arise while securing a loan. Mark wants to thank you for giving him the opportunity to cam your business!
To find out more about your reverse mortgage options, please call Mark today at (239) 549-1997.
NMLS # 499320
NAR License# 258006473
FAR License# 3078731
Notary Public “Experience and Integrity … It Matters” “What sets me apart from my competition is that my rates and fees are among the best In the nation.” -Mark Ary Edison Mortgage Group
Cape Coral, Fl 33904
(239) 549-1997
(239) 215-8436 E-Fax
Financing@MarkAryMortgages.com