<\/p>\n\n\n\n
The Three Questions I Ask Reverse Mortgage Borrowers <\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n Even to the most savoy seniors, a Reverse Mortgage is still a mystery. Sometimes I wonder if the lore is stronger than the truth. The HECM (home equity conversion mortgage) is so different from a traditional or forward mortgage, that the urban lore is quite difficult to overcome. <\/p>\n\n\n\n Unless you are the kind of person who is curious or serious about a Reverse Mortgage. The old saying, “everything to gain and nothing to lose” applies to the curious. <\/p>\n\n\n\n <\/p>\n\n\n\n Here are three questions I ask during the first conversation. <\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n 1. Please tell me what you know about a Reverse Mortgage? <\/p>\n\n\n\n 2. Do you plan on paying off your home? (If you have an existing mortgage) <\/p>\n\n\n\n 3. How long do you plan on staying in your home? <\/p>\n\n\n\n <\/p>\n\n\n\n The first question lets me know what you know. Then we can have a discussion instead of me parroting a sales presentation. It usually takes one conversation to figure out what direction to go. A short, polite discussion if it\u2019s a \u201cNo.\u201d A longer, lively chat if it\u2019s a possibility. <\/p>\n\n\n\n The second question clarifies your intentions and options. If you\u2019re 72, on a fixed income and you have 19 years left on your mortgage, chances are you don\u2019t plan on paying it off. That is always a productive conversation. <\/p>\n\n\n\n The third question is usually a yes or no. If you plan on moving in the next 3-5 years, a Reverse is likely not the best option. If you\u2019re hoping to stay as long as possible, then we are back to a lively conversation about your possibilities. <\/p>\n\n\n\n Bonus Question! Are you curious or serious about a Reverse Mortgage? <\/p>\n\n\n\n At Remarkable Reverse Mortgage we specialize in bringing clarity to the curious, and closure to the serious. If you’ve never talked with a Reverse Mortgage professional who is honest, open and enjoyable: If you’re open and curious, I’m your guy.<\/p>\n\n\n\n <\/p>\n\n\n\n I would enjoy hearing your responses to the three\/4 questions. <\/p>\n\n\n\n <\/p>\n\n\n\n Mark Schmidt Remarkable Reverse Mortgage 720-206-4539 <\/p>\n\n\n\n mark@remarkablemortgage.com <\/p>\n\n\n\n NMLS 846014 CO 100037582<\/p>\n","protected":false},"excerpt":{"rendered":" The Three Questions I Ask Reverse Mortgage Borrowers Even to the most savoy seniors, a Reverse Mortgage is still a mystery. Sometimes I wonder if the lore is stronger than the truth. The HECM (home equity conversion mortgage) is so different from a traditional or forward mortgage, that the urban lore is quite difficult to […]<\/p>\n","protected":false},"author":1,"featured_media":2404,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"_links":{"self":[{"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/posts\/2400"}],"collection":[{"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2400"}],"version-history":[{"count":3,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/posts\/2400\/revisions"}],"predecessor-version":[{"id":2406,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/posts\/2400\/revisions\/2406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=\/wp\/v2\/media\/2404"}],"wp:attachment":[{"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/remarkablemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}