Reverse Mortgage Store

Reverse Mortgage Specialist 26 yrs in California and Nevada. HECM for Purchase & Jumbo reverse mortgage expert. Maggie O'Connell Reverse Mortgages can really make a difference in the lives of seniors.

The federally insured home loan helps make lives more comfortable and provide financial security during retirement. The reverse mortgage is a loan against your home. As long as you’re living in the home, you don’t have to worry about making payments back. When you pass away, sell the home, or permanently relocate, the lender will call the reverse mortgage due. At that point in time, it’s up to your heirs to sell the home or refinance the mortgage to pay off the loan balance. A reverse mortgage is a very helpful program for seniors. Over the 20 years they have been in existence, thousands of senior homeowners have been able to stay in their homes and are very happy they took advantage of the program. Do yourself a favor and take your research seriously and learn about the programs available and how they can work for you. Go over the numbers with a trusted family member, friend, or attorney to see if a reverse mortgage can help you.....

Reverse Mortgages are more than a loan, they are financial security and peace of mind. Maggie has been helping people get reverse mortgages since the early 90's with over 100 positive customer reviews. Trust Maggie to give you 100% of her attention to your transaction. HECM Reverse Mortgages... ...unlock equity to use in retirement without requiring any payments to the lender until the last homeowner leaves the home permanently. Like regular mortgages, you hold title to your home and the lender records a lien (deed of trust) as security for the debt. Unlike regular mortgages, you don’t make monthly mortgage payments, instead the interest and mortgage insurance charges are added to the loan balance resulting in rising debt. You receive cash, line of credit or monthly payments. Supplement your income with tax free cash or draw from a line of credit when desired. Pay off existing mortgages and get rid of payments. Or use it to purchase a new home!

Mission: To help seniors take advantage of their homes to provide financial security to live the life they CAN afford.

Operating as usual

Reverse mortgage interest rates are at an all time low! Coupled with high home values, borrowers are able to maximize their funds available and minimize interest accrual. If you have a reverse mortgage now, it might be possible to refinance to a lower rate and get more money. If you have a regular mortgage, you might be able to refinance to the HECM reverse mortgage and get rid of mortgage payments forever! Contact me and I'll be happy to evaluate it for you.

Reverse Mortgage Store

hecmworld.com

ReverseTalk: E9: Mike Crossett

I'm very proud of my company, The Federal Savings Bank. Please watch our leader Michael Crossett in an interview about HECM reverse mortgages with Shannon Hicks

https://hecmworld.com/reverse-mortgage-news/reversetalk-e9-mike-crossett/

hecmworld.com We had a chance to catch up with Mike as he discusses partnering with banks, marketing, and building a successful HECM business.

Great turnout at Retired Living Truth Series on ‘Paying for Retirement’ A lot of interest in reverse mortgages. It’s clear people want to remain in their homes as long as possible.

Ask me about the next series!

May the Sprit of Easter and the joy of Spring time fill your life with Happiness. 🐰🐣

This is a picture of me in high school. I grew up in the small town of Live Oak in the Northern Sacramento Valley of California. I was friends with everyone in my small high school and like most of the kids, worked in the fields to earn our own spending money. The “Live Oak values” have lasted throughout my life which includes working hard, being honest and caring about others. I think these values are the foundation of my successful reverse mortgage career.

I provide peace of mind! This statement I think sums up what I do for you. Not only in the program that I promote but in the service I provide. Let me elaborate. The program, reverse mortgages, gives you peace of mind because it may eliminate mortgage payments and provide extra cash or line of credit to take care of your financial needs in the future. To give you that added security you need in this world or ‘what if’s’. What if I need home repairs. What if I become ill and have medical bills. What if inflation hits my pocketbook hard. What if I want to go on a vacation and enjoy life more!

And I provide peace of mind in knowing that in the loan process, I’ll be there for you. This isn’t an assembly line operation where the sales person catches you on their hook and passes you down the line to people you don’t know and who don’t know you. I call my business a “Reverse Mortgage Boutique”. I’m your gal! You will have the peace of mind knowing I’ll be there for you from start to finish and with my 25 years of experience in the reverse mortgage profession, you’ll receive not only expert knowledge but compassionate assistance. I’ll learn and understand the way you operate, the way your mind works and cater to your specific needs. I’ll be your point of contact and take responsibility through the entire process from our initial conversation and education to final closing documents and be the person you call in years to come when a question comes up.

Additional peace of mind comes with the package as my company, The Federal Savings Bank is a nationally chartered, FDIC bank. We are closely regulated by the OCC and diligently follow strict privacy guidelines. Working with us, you will be assured your sensitive financial documents will be secure and safe.

Many of my clients shop around and get quotes from the big reverse mortgage ‘mills’ to try to get the best rates and lowest costs. They are often surprised to find out they can also get the best service and “Peace of Mind” on all counts when they call Maggie O’Connell’s “Reverse Mortgage Boutique”.
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#reversemortgage #trust #peaceofmind #goldenyears

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ANNOUNCEMENT!

HECM LOAN LIMITS TO RISE TO $679,650 BEGINNING JAN. 1 2018
This is great news for older homeowners with higher value homes. The new maximum claim amount of $679,650 is an increase from $636,150 this past year. The maximum claim amount is the highest home value we can use to calculate HECM proceeds. Proceeds for the loan are based on age of youngest borrower and expected interest rate.
To determine the amount available to you can fill out the form below or call Maggie at 800-684-9438

https://hecmreverse.wufoo.com/forms/k1f6eqyj1wz2huj/

hecmreverse.wufoo.com Wufoo is a web form builder that helps anyone create beautiful forms, surveys and invitations without writing a single line of code.

🦃Happy Thanksgiving!🦃

Take a moment to be Thankful and Grateful today and spend quality time with the blessings that surround you 💞

themortgagereports.com

Reverse Mortgages Are Now Newer, Safer, & Better

There are so many misconceptions about Reverse Mortgages because of a few problems with the loan in the past but rest assured, they are safe! I am always available and willing to clear up any misconceptions you may have heard. Give me a call at 1-800-489-0986.

themortgagereports.com Reverse mortgages are available to individuals 62 or older who own their home, and they're safer and better than ever. Read about changes to the reverse mortgage program and why it may (finally) be a fit for your home.

Make this Fourth of July memorable by counting your blessings and truly appreciating your freedom.

forbes.com

The New York Times Got It Wrong About Reverse Mortgages

One of the biggest misconceptions about Reverse Mortgages is that the bank owns your home or takes your home when you die. FALSE! It is simply a mortgage with the monthly payment deferred. You always retain title and when you move, sell or pass away, the loan balance is due. The home is sold or mortgage paid off and you or your heirs retain the equity. Check out this article to hear more!

forbes.com Home equity is crucial for retirees in America, but misconceptions about reverse mortgages are widespread. Not only do consumers struggle with reverse mortgages, but so does the media as illustrated by a recent New York Times article that reinforced a common reverse mortgage misconception.

reversemortgagedaily.com

Finding a Reverse Mortgage Use for Every Income Bracket

"For instance, a “well funded” borrower may have planned well for retirement, but could use a reverse mortgage to buy a new home — either larger or smaller than the current property — or remodel his or her existing home to age in place safely and comfortably. On the other end of the spectrum, an “underfunded” retiree could take out a HECM and pay down high-cost debt, cover the cost of necessary medications, or even just keep the heat on in the winter."

reversemortgagedaily.com While reverse mortgages have long been seen as a product of last resort, professionals in the industry know that opinion is changing — and now a new blog post shows the different ways that people can use Home Equity Conversion Mortgages no matter their financial situation.

chicagotribune.com

Reverse mortgages: A personal look

Read this personal look into Reverse Mortgages, a great and easy to understand breakdown from someone who experienced the process herself.

http://www.chicagotribune.com/business/sns-201705261733--tms--savagectnts-a20170526-20170526-column.html

chicagotribune.com I have long been a fan of reverse mortgages -- if they are done in the right circumstances and for the right reasons. Regular readers of this column know I

126 positive reviews!!! Check out my customer lobby review page or my website to read what everyone is saying about Reverse Mortgage Store!

Over 76 positive customer reviews at ReverseMortgageStore.com

Enjoy your Golden Years!

video.foxbusiness.com

Reverse mortgages being used to purchase homes

Bob Massi "The Property Man" tackles the HECM for Purchase in this short informative video!

video.foxbusiness.com 'The Property Man' Bob Massi examines the process

reversemortgagedaily.com

Realtor Panel Presents “Power” of Reverse Mortgage for Purchase

The HECM for Purchase represents a "powerful" tool for real estate professionals. Let's chat and I can explain how this program works and how it can help you sell more homes! Call or message me (800) 489-0986.

reversemortgagedaily.com The National Association of Realtors hosted a lively webinar on using reverse mortgages in real-estate transactions — and in the process revealed that real estate professionals have many of the same questions about the program as potential buyers and borrowers.

Wishing you all a very Happy Easter!

Chonda Pierce

Funny Clip about Downsizing (thanks Judy Ewing) Did you know you can purchase a home with a Reverse Mortgage? Selling your large home that you can't maintain anymore and downsizing is a great option to use that equity money for retirement and make no mortgage payments as long as you live in the home and pay your taxes and insurance!

Have you ever thought about downsizing?

huffingtonpost.com

Should You Take a Reverse Mortgage Now, or Would It Be Better to Wait? (When Does 'Watchful Waiting' Become Procrastination?)

With the Federal Reserve raising interest rates and telling us they will continue to increase them, this article by Jack M. Guttentag details how higher interest rates dramatically reduces funds available from the reverse mortgage. If you want to get the most money from a HECM reverse mortgage, the time to act is NOW!
http://www.huffingtonpost.com/jack-m-guttentag/should-you-take-a-reverse_b_9664716.html

huffingtonpost.com One of the important ways in which reverse mortgages differ from forward mortgages is the difference in the urgency to proceed. A prospective home buyer...

Beautiful weekend at Northstar!

blogs.wsj.com

What Really Makes Retirees Happy (Hint: It Isn’t the Money)

What's on your retirement Bucket List? #happinessinretirement

blogs.wsj.com Sixty-one percent of retirees surveyed said who they spend time with is far more important than what they are actually doing, according to WSJ Retirement Expert Maddy Dychtwald.

customerlobby.com

I have already recommended Ms O'Connell to other agents and clients due to her professionalism and follow-up.

Read our new customer review!

customerlobby.com I had looked into a Reverse Mortgage a couple of years ago and decided not to go forward with it....

Happy St. Patrick's Day!

linkedin.com

Huff Post: Should I Get a Reverse Mortgage Now or Later?

It is beneficial to secure a reverse mortgage now, a 1% increase in rates could mean an 18% decrease in benefits!

linkedin.com President: Reverse Focus, Inc. • Video Commentator • Blogger • Podcaster • Reverse Mortgage Enthusiast • P: 800-805-9328

[03/03/17]   A homeowner I've been staying in touch with contacted me and said she is getting close to pulling the trigger and getting a reverse mortgage. She asked if she waited 2 years, how much more money would she receive. So I ran the numbers. Her home value is $255,000 and she is 68 years old, her principal limit (PL) is $143,300. At age 70 that amount would be $146,888. But that is only if interest rates remain the same. If she waits until age 70 and the rate increases by only 1/2 percentage point, the PL is reduced to $130,815. If the rate increases by 1 point, the PL is $115,000. The lesson learned here, is, yes, older people get more money, but waiting could backfire if there are interest rate increases!

seniorlivingtruth.com

www.seniorlivingtruth.com

Tomorrow, February 23rd I will be participating in the Senior Living Truth Series where the topic is: The Truth About Downsizing in 5 Easy Steps. At the Reno (Old) Town Mall - 4001 S Virgina St, Reno NV 89502

If you are considering making a move – now or in your future – you owe it to yourself to be prepared. Join us for this free seminar and learn how others just like you have simplified their lives by following the 5 easy steps to downsizing. Because downsizing should leave you Overjoyed not overwhelmed!

Visit: www.SeniorLivingTruth.com to sign up and learn more. Also, the next event will be on March 16th where you will learn "The Truth about Reverse Mortgages" Look out for more information!

Hope to see you there!
-Maggie O'Connell

seniorlivingtruth.com

youtube.com

What is a Reverse Mortgage? How do you qualify for a reverse mortgage?

Watch this "Ask the Expert" section on Rob Black and Your Money from a few years ago. This video has great information about benefits of using your home for retirement instead of pulling out of other investments. Look out for upcoming seminars in your area by following my page and getting updated information weekly on Reverse Mortgages!

A television interview answering questions about reverse mortgages.

money.usnews.com

Should Retirees Buy a Home With a Reverse Mortgage?

Do you want a house without stairs, closer to family and friends or want to live in a warmer climate? If you are over 62, a HECM Reverse Mortgage may ease the financial pain of the purchase.

Read the entire article by clicking below.
http://money.usnews.com/investing/articles/2017-01-30/should-retirees-buy-a-home-with-a-reverse-mortgage

money.usnews.com This may be an option for some but experts caution an HECM is not for everyone.

Reverse Mortgage Store's cover photo

Reverse Mortgage Store's cover photo

customerlobby.com

Very easy process

Read our new customer review!

customerlobby.com Maggie was great to work with. She explained everything and handled everything in a professional ...

customerlobby.com

Very Excellent

Read our new customer review!

customerlobby.com When I first considered applying for a Reverse Mortgage, I was very apprehensive about the progra...

customerlobby.com

Excellent service under unusual circumstances!

Read our new customer review!

customerlobby.com Maggie was a true champion when needed. I thought I had my reverse loan process in place when I...

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10399 Double R Blvd. #108
Reno, NV
89521

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