Reverse mortgages have helped countless senior homeowners convert a portion of their home equity into much-needed cash to provide added income during retirement.

This type of loan offers many advantages for seniors, and it’s no surprise that many have been applying in recent years. If you think a reverse mortgage is right for you, contact us today for complete information and the latest reverse mortgage rates.

One of the reasons why reverse mortgages are attractive is that they allow borrowers to retain ownership and live in their homes as long as they remain in good standing with their lender. Seniors also love that they don’t have to pay a monthly mortgage while still getting the cash they need for retirement. 

However, there are cases

It’s unfortunate, but familiar - crisis makes people more vulnerable to scams. And with this unprecedented COVID-19 crisis, scammers are sure to be lurking close by.

Five Potential COVID-19 Scams to be Aware of

Phone Scams

Fraudsters may call pretending to be from an official public health agency stating they have urgent COVID-19 test results. They may ask for you to share personal and financial information to “authenticate” your identity before they share the results. They may also say that the person has tested positive, and they need financial information so that you can pay for a prescription.

Stay safe tip: It’ is best not to answer calls from unknown numbers. But if you do, don’t share nor confirm any personal or banking