Credit Card Debt Crushing You? Discover the Reverse Mortgage Solution

Hello, I’m Traci, a Reverse Mortgage Specialist in the Greater Prescott Area with Frontier Financial of Arizona. I want to talk about an important topic that many of my clients face: managing debt, especially when living on a fixed income. Many seniors rely on credit cards to cover everyday expenses, which can lead to a…

How a Reverse Mortgage Can Help with Long-Term Care: Insights from Experts Navigating the financial aspects of retirement can be challenging, particularly when it comes to planning for long-term care. Many retirees face the difficult decision of how to cover these costs while remaining in their homes. One potential solution that is gaining popularity is…

What Is a Cash-Out Refi? The process for a cash-out refi is similar to refinancing an existing traditional mortgage. In a traditional refi, the borrower pays off an existing mortgage loan and secures a new loan. The terms are different from the original loan, likely with a lower interest rate, shorter term, or both. In…

What is a Reverse Mortgage? A Reverse Mortgage enables Senior’s age 62 and older to convert a portion of the equity in their home into tax-free proceeds without giving up ownership or ever making a mortgage payment while in their home. It is a non-recourse loan which means if the loan amount ever were to…

You read the title correctly! If you have been on the fence about getting a reverse mortgage now is the time to get serious about it. Why would you possibly trade in a regular 30 year fixed loan at say 3% or even 4% for a higher interest rate Reverse Mortgage? The straight answer is…

If you are ready to get a Reverse Mortgage, Counseling is the first step. Money Management International is offering ALL Arizona & California homeowners FREE HECM Counseling all October! There is a batch of documents you need for counseling of which you can ONLY get through someone like me (ie, License Mortgage Professional)! That packet…

Recently you should have received your Property Tax Assessment from the County in which you live. Seniors who fall into the qualifying criteria below can freeze their PROPERTY VALUE for 3 years and then can reapply if they are still eligible. BENEFIT: To Freeze the Limited Property Value of your Primary Residence. Should you qualify…

There was a time when saving for retirement was primarily about investing in a 401K or IRA. If you were lucky enough to have worked for a company for a long time, you may also receive a pension. You also would get a little bit of income from social security. I know for people like…