Hosts Crystal Jacques and Darlene Kemp, with guest Laurie MacNaughton, explore the benefits, mechanics, and misconceptions of reverse mortgages. They discuss how these tools can help seniors age in place, provide financial flexibility, cover expenses like medical costs and home improvements, and protect heirs from debt. The conversation emphasizes understanding the realities of reverse mortgages and their potential as a strategic option in retirement planning.
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Hosts Crystal Jacques and Darlene Kemp, with guest Laurie MacNaughton, explore the benefits, mechanics, and misconceptions of reverse mortgages. They discuss how these tools can help seniors age in place, provide financial flexibility, cover expenses like medical costs and home improvements, and protect heirs from debt. The conversation emphasizes understanding the realities of reverse mortgages and their potential as a strategic option in retirement planning.
006: Understanding Real Estate Assumptions The Benefits of Assuming a Mortgage
Coffee & Keys
50 minutes
1 year ago
006: Understanding Real Estate Assumptions The Benefits of Assuming a Mortgage
Darlene and Crystal discuss real estate assumptions, where a buyer takes over the seller's mortgage. They explain who can assume a mortgage, why it might be beneficial, and the complexities involved. Assumptions can offer buyers lower interest rates and payments, and sellers might profit from the arrangement. However, the process can be complicated and uncertain, with potential delays due to unclear procedures. Real estate agents are important in guiding clients through the pros and cons of m...
Coffee & Keys
Hosts Crystal Jacques and Darlene Kemp, with guest Laurie MacNaughton, explore the benefits, mechanics, and misconceptions of reverse mortgages. They discuss how these tools can help seniors age in place, provide financial flexibility, cover expenses like medical costs and home improvements, and protect heirs from debt. The conversation emphasizes understanding the realities of reverse mortgages and their potential as a strategic option in retirement planning.
