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Reverse Mortgages in Bend OR

Bend Reverse Mortgage enables you to convert the equity in your home to cash without selling your home or incurring a monthly loan payment. These funds are tax-free, you retain title to the property, and no repayment is required until the you permanently leave the home.<br>

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Reverse Mortgages in Bend OR

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  1. Reverse Mortgages in Bend OR Published By: http://bendreverse.com

  2. By now you've heard that the reverse mortgage niche is one of the fastest growing segments of the mortgage industry that we have ever seen. Are you thinking about getting into this niche and capturing the avalanche of business that will surely come your way? If so, congratulations, it's going to be a great ride. Imagine a product that not only will boost your production but will help the seniors in your community as well. It's been called the "tsunami niche" and I think that's an apt description of the evolution of the reverse mortgage. Even though the first reverse in our country was done back in 1961, the groundswell of interest on the part of the consumer was slow in coming. But, boy, it is here now. What factors have come together to create this environment for the perfect storm? There are several:

  3. First of all, let's take a look at the senior population in our country today. Many of our retired folks are living on fixed incomes, having difficulty making ends meet- just paying their regular monthly bills- no luxuries. As much as 90% of all seniors today rely to some extent on Social Security just to meet their monthly obligations. With average life span approaching 77 years, living longer is certainly going to require more money than many folks had planned on. Second, many seniors today are living off their credit cards- I read an article recently that revealed that credit card debt for those on the 65-69 age group is up 217% over the last 10 years. In addition, bankruptcy filings by seniors are on the rise.

  4. Next, the Baby Boomers (all 77 million of them) are expected to put a further strain on already stretched programs like Medicare. In addition, changes in Medicaid laws will more than likely disqualify many people in the next several years. And many of these boomers (born 1946-1964) have not saved nearly enough for retirement. Where does that leave us? There is a significant disconnect between what people had planned for their retirement to look like, and the reality for many of our seniors. However, with all the varied backgrounds and individual situations, there is one thing that many have in common...the vast majority of senior citizens are homeowners. Recent statistics show that seniors own in excess of $4.0 trillion worth of real estate.

  5. Summary: Bend Reverse Mortgage enables you to convert the equity in your home to cash without selling your home or incurring a monthly loan payment. These funds are tax-free, you retain title to the property, and no repayment is required until the you permanently leave the home. Visit this site to learn more: http://bendreverse.com

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