Tuesday, September 27, 2022

A great client testimonial on the help provided by a Reverse Mortgage.

 I have been helping Senior Citizens navigate how to use their equity with a reverse mortgage for almost 2 decades. I love getting emails like this from one of my clients whom I have helped multiple times with multiple reverse mortgages. Here it is in its unedited entirety. 


Dear Noah!

A long (long!) overdue Thank You for saving us in the nick of time. Realizing it's been right at a whole year since we started that tumultuous journey. Your help and patience were invaluable - I don't think too many agents would have stayed with it the way you did. It was exhausting and utterly frustrating to us - I'm sure it was to you, too. You helped us through all the nit-picking and delays; honestly, without your help, we would probably have given up!

They say money can't buy you happiness, but it sure affects your stress levels, and with less stress, you're more likely to be "happy," right? It's been a stressful year, but we're now in a much more tenable position - mainly because of your help securing the mortgage, which gave us a solid foundation, relief if you will. Proceeds were firmly in the bank by January when the veterinary bills started to escalate, first for Merlin, then a few months later for Molly. Not having to charge those expenses was a godsend - I'd already been juggling the account to minimize withdrawals from the IRA.

Overall, life is much easier without the constant juggling of bills, and I've been able to do the shopping comfortably.

Looking at the "current administration's" economy, I realize just how lucky we were to have you in our corner when we did - so, again, THANK YOU!


Most sincerely, and in appreciation.

CK.

You can email me at noah@lola24.com or use my cell phone to text or call if you would like me to guide you through how to accomplish your goals with a reverse mortgage or traditional loan. Also, visit our website at www.mortgagelola.com and click on the Reverse Mortgage tab. 


Cheers, 

Noah S Burford

NMLS#360982

Thursday, September 22, 2022

Inflation is ravaging our Senior Citizen community, but there is a solution. | FHA Reverse Mortgage

How can a reverse mortgage help fight the rising cost of living?

During inflationary times, real estate values typically rise, which presents an opportunity for Senior Citizens to access their equity without the obligation of mortgage payment and still own their homes. 

The 56 million residents age 65 and up are being hit especially hard, many who live off fixed incomes with limited savings to cover monthly costs for prolonged periods when prices go unpredictable, or they're not working enough hours at jobs that pay well enough just like younger adults do but suffer from different circumstances such as race which leads them having fewer resources available than others would if it weren't so divided by classism here in America today.

-Rising healthcare premiums continue to cost more yearly while wages remain stagnant because employers want cheaper options. 

The recent increase in food and fuel prices exacerbates an already existing problem for older Americans. Higher prices are weighing heavily on those who can least afford them while simultaneously creating new challenges that this population also faces during times when they're most vulnerable due to novel coronavirus pandemics like we saw last year with SARS or H1N1 viruses making headlines around America every day until their conclusion streamlining through bioterrorism attacks which had fewer side effects than more traditional plagues but still resulted in millions giving up regular incomes just so retirees would be able to survive comfortably into old age without being financial stresses.

If you have parents who are struggling over the age of 62 and have equity in their homes, it is a worthy investment of time to find out how a Reverse Mortgage can help. 


Contact Noah Burford at 949-278-9244 or call or text. Email is noah@lola24.com. FHA Reverse Mortgages are a fantastic tool and a safe choice for Senior Citizens and their heirs. 


Cheers, 


Noah S Burford

Reverse Mortgage Expert. 

NMLS#360982

25 Years of Experience in Loans and Reverse Mortgages