Portland Oregon Reverse Mortgage Question: The Truth About Why Some Children Hate Reverse Mortgage

 Reverse Mortgage Question Portland Oregon:  The Truth About Why Some Children Hate Reverse Mortgage

 

Reverse Mortgage in Portland Oregon

 

"I just found out that my parents had a Reverse Mortgage on their property in Portland, Oregon and I think they were taken advantage of!  What do I do now?"  Does this sound familiar?  My husband always says that there are three sides to every story: mine, yours and the truth.

Whether you live in Portland Oregon or anywhere else in the United States the answer is the same. Were they really taken advantage of or could it be that you were just taken by surprise because you did not know that your parents had a Reverse Mortgage on their property until they both passed away.  It is important to understand that so many of our Older American's are VERY private people: they don't even share their financial burdens with their families.  It is hard for this younger generation to understand because we tend to talk about EVERYTHING!  The fact is that most Older Adults do not want to burden their families with their struggles to make ends meet.  Imagine yourself down the road a few years: your income earning days are behind you and you have what you have.  Now image the losses in the stock market over the last few years, declining real estate values, rising health care cost, medicare coverage getting more expensive and covering less.  What do you do?

For most your choices are:

  • Tell your kids and ask them for money
  • Don't fill your prescriptions or spend money on your health care
  • Sell your investment portfolio
  • Make minimum payments on your credit cards while you are running the balances up
  • Sell your home
  • Use the equity in your home to support you

Don't forget that in a survey most Older Americans fear two things the most:

  1. Outliving their assets
  2. Loosing their Independence

Most of us children would not mind pitching in to help Mom and Dad cover their expense, but that means a loss of Independence to them and sets off a plethera of other emotions like being a burden and a failure.  Put yourself in their shoes, ask questions and get to the bottom of their financial concerns.  Educate yourself about their options and learn with them how a Reverse Mortgage works.  It is not right for everyone, but educating yourself is the first step.  Remember there are three types of knowledge when it come to Reverse Mortgage.

 

  1. Those who know about Reverse Mortgage
  2. Those that don't know about Reverse Mortgage
  3. The most dangerous:  Those that THINK they know about Reverse Mortgage

You don't know what you don't know.  Which of these categories do you fit into?  Portland Oregon has a team of Home Equity Experts that will help you educate yourself and be pro active instead of re active.  If you are a Reltor thinking that Reverse Mortgages hurt more than they help then ask yourself some of the questions above and consider that the Home Equity Expert in Portland Oregon may have helped their parents finish their life with self-respenct, dignaty and peace of mind.  We understand if the children were shocked to learn about the loan, but we always suggest that family members are a part of the process from the beginning.  If you would like to learn more please visit my website.  You will even find a calculator that can give you a rough idea of how much you could qualify for not only in Portland Oregon, but anywhere in the US.

My Dad and Mom have had a Reverse Mortgage in Klamath County for 8 years now and are my biggest fans!

My Dad

Bend, Oregon:  CE Credits for Realtors delivered in Oregon on the topic of Reverse Mortgage

Oregon Reverse Mortgage Lender

Sharon Falvey, Vice President Northwest Sales has been effectively delivering Continuing Education Credits to Realtors accross the State of Oregon and most recently in Bend, Oregon.  This class has been very well received by Realtors that thought they understood the truth about Reverse Mortgage until they took the class.

 

Sharon Falvey and Security One Lending were recently quoted in "Reverse Mortgage Daily" and "Reverse Fortunes" as well as other's.  It brings me great joy to  be able to dispel the myths about Reverse Mortgage and show Realtors how they can position themselves to use it correctly and increase their sales.  We all need to make our way in these interesting times and you can never have to many tools in your belt to do so.

 

Dan Heater: Continuing Education Director in Bend Oregon for COAR is quoted as saying: 

"Thank you Sharon so much for the great class on Reverse Mortgages you did at COAR last week.  The class was very good.  It is amazing that we all still have these pre-conceived ideas about what a reverse mortgage is and how it can fit into our lives as we age.  All of our brokers we very impressed with the class and had all changed their minds as to the value and use of reverse mortgages both personally, and as a tool to help their customers.

 

The class was concise, easy to understand and gave all who attended something else to include in their presentations for their clients.  I would recommend this class for anyone to take.  Anyone approaching this age, with parents close to this age, or a real estate practitioner with clients of this age would gain valuable information as to how to own real estate as you approach your senior years.

 

Thanks again.

 

Dan

 

Dan Heater

Communication Coordinator"

 

And Desiree Streeter, Broker in Bend Oregon as saying:

 

"Hi Sharon,

 

I want to thank you so much for drawing my card for the nice briefcase. That really brightened my day! I have had some really rough times lately with caring for my mother who has been ill for the past 2 years and then my husband being in the hospital since Feb 2 and getting out tomorrow. With that and work I have definitely had a full plate!

 

I really enjoyed the class today. I went into it knowing nothing at all about Reverse Mortgages. It was very interesting and I gained a lot of knowledge which I will use. I will highly recommend this class to others I know when I see it posted again. I look forward to your updates!

 

Thanks Again!

Desiree’

 

Desiree' Streeter

Real Estate Broker

Cell:541-390-5110"

 

If you would like more informaiton as to how I can bring this to your Association or Office please do not hesitate to contact me.  For more general information please visit my website or call me direct at 541-891-5706 (cell)  503-534-3546 (office).  I look forward to serving your needs.

 

Sharon Falvey

NMLS# 582985

Vice President, Northwest Sales

Home Equity Specialist

541-891-5706

 

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My blog is a personal expression of my own thoughts, and opinions and does not necessarily reflect the thoughts and opinions of Security One Lending

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