In this myth I call myth #5 is that people don't believe that you can actually use a reverse mortgage to help finance the purchase of a new home.
Think of it just like a regular mortgage or using a mortgage as a down payment, but this time it's a reverse mortgage, which means no mortgage payments.
This myth is false. Reverse mortgage allows empty nesters to right size and set a compromise instead of downsizing and compromising their living situation.
Today my special guest is a close friend of mine. Kraig Strom. Kraig is a certified financial planner and paralegal at the law firm of Barth Calderon.
He's been a certified financial planner for over 25 years and he's been a member of the Barth Caldarone team for over 5 years now.
Amazing interview with Kraig Strom on Reverse Mortgage, Shared great introductory insight and enough to give clarity and summary detail about Reverse Mortgage.