Utah Reverse Mortgage team

Utah Reverse Mortgage team Reverse mortgage planning

04/09/2020

Mortgage forbearance. What if there is a mortgage program out there and lets you have a loan and never have to make a payment.
That is the goal of the reverse mortgage. You can own a home, have a mortgage and never have to make a payment. You can make a payment if you would like, yet you are never late if you don't.

Paul Carlin
NMLS #308194
801-742-5387
Fairway Independent Mortgage

03/12/2020

Is you home an investment?

Of course it is, but how do you use the value in that home other than selling it?

This is what a reverse mortgage does!

It unlocks that investment by turning it into an accessible cash account. No other tool lets you use the funds in your home with also creating an obligation ( Monthly mortgage payment).

Paul Carlin
NMLS #308194
Fairway Mortgage

02/28/2020

Reverse Mortgage Myth busting

Reverse Mortgage are a bad deal because the Big Bad Bank takes your home!

Not True

I break down how a reverse mortgage works and show how the bank does not take your home. They only want the money they lent plus interest.

Paul Carlin
NMLS #308194
801-742-5387
Fairway Independent Mortgage

02/05/2020

I gave a presentation last week about reverse mortgages and where they could be use. Many people asked me to record this so they could see it again.

To summarize,
1. Use a reverse to buy a new home.
2. Use a reverse to pay off another mortgage, freeing up your monthly cash flow so you can retire comfortably.
3. Use is as a planning tool to pay the taxes on a Roth IRA conversion.
If you are 62 or older or know someone who is, lets talk about how a reverse mortgage can free up your cash flow, lower taxable income and help you insure you don't outlive your money.
Fairway Independent Mortgage
NMLS #308194
801-742-5387

01/17/2020

Who works with you on your reverse matters!

What most people don't know is that, while most reverse mortgages are backed by FHA, the fees and interest rates dramatically effect the money you get from your reverse mortgage. In today's case, they were giving a client $50,000 less than I could get them.

Actors from the 70's reading a script about revere mortgages costs big money. If you call one of those companies, you are going to pay that guy in your loan interest rate and closing costs.
Paul Carlin
Fairway Independent Mortgage
NMLS #308194
801-742-5387

Address

Lehi, UT
84043

Opening Hours

Monday 9am - 6:30pm
Tuesday 9am - 6:30pm
Wednesday 9am - 6:30pm
Thursday 9am - 6:30pm
Friday 9am - 6:30pm
Saturday 9am - 5pm

Website

Alerts

Be the first to know and let us send you an email when Utah Reverse Mortgage team posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Utah Reverse Mortgage team:

Shortcuts

Share

Category