What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on September 2, 2019.
Learn more about SpinDistribute Article Distribution System.

Seniors Take Control of Financial Well Being Without Giving Up Freedom

Article Category: Aging

Author Name: Jason Wheeler

Getting older can be a very scary feeling. In many cases you may feel like you're losing your freedom, your mind and many other things as you age. It's not uncommon for seniors to become lonely and afraid as they continue age.

Today you're going to learn about a quick story and real-life example how a reverse mortgage can be very effective financial tool and help alleviate some of the fears around many seniors find most prominent. Finances and security in their living situation.

This is a real scenario, however, names of the individuals involved have been changed for privacy purposes.

Recently, I got a phone call from Jared...

Jared was very concerned about his 94-year-old mother Ethel.

Ethel was still in very good physical health despite her age, however, she required round the clock, 24-hour care that had proven to be very expensive and ultimately unsustainable (about $9,000 per month.)

Ethel had lived in the same home almost her entire adult life. She owned the home free and clear and as many seniors are, she was very DETERMINED that she would not leave her home under any circumstances.

"This was HER HOME and she was going to live out the rest of her days there if she had anything to say about it."

Determined to fill his elderly mothers wishes, Jared called our team at Bay Area Reverse Mortgages after finding our information on an online search in the bay area. He wanted to learn more about how to reverse mortgage might help his mother. More than anything he wanted to learn more about the pros and cons of reverse mortgages, like many in his shoes, he was skeptical that reverse mortgages were not legitimate and has heard stories that the program was a scam.

With expenses nearing around $9,000 per month Ethel's investments retirement and Social Security income we're not going to cover the cost very much longer.

Jared was very concerned because he had mentioned that there was only enough money left over in retirement and investments to cover about three months more worth of living expenses moving forward.

We decided to jump into action quickly.

I asked Jared just a few quick questions regarding the situation.

We were quickly able to show him several scenarios that would meet the goal of letting Ethel live in her home for her remaining days while covering all her living expenses, WITHOUT ANY MONTHLY PAYMENTS.

After looking at the pros and cons of several different financing options a reverse mortgage could offer, Jared began to feel more comfortable, and began to believe a reverse mortgage may be the best solution for his mother's wellbeing.

Here's where things got a little tricky.

Although Ethel was in good shape physically, she wasn't in the best state of mind mentally. It turned out Jared had a power of attorney and was beneficiary of a trust previously executed by Ethel.

After closely reviewing the trust documents along with the power of attorney we were able to determine that Jared would be able to execute the entire reverse mortgage transaction on behalf of her mother.

Obviously, this isn't always the case, A very clear power of attorney and trust certification are required in order for this type of transaction to be executed on the borrowers behalf.

Jarrod and Ethel were appreciative that they had found a team that was local and available ready to meet in their home to go over all their questions concerns and different scenario options.

Once we reviewed some initial documentation and offered a financial scenario that was very attractive, Jared attended one of the mandatory reverse mortgage trainings or "counseling sessions" These sessions are put in place in order to make sure borrowers and homeowners who are looking into a reverse mortgage are very well educated and counseled on exactly how the program works, and what it entails.

Once they attended the counseling session, we had once again schedule time to address any concerns or questions that they might've had. Being very comfortable with the financial solution we took care of all the hard paperwork for them and work to make what can be a scary process, in fact very easy.

Just over 30 days later we had accessed enough cash from Ethel's home to make sure she was very comfortable and more importantly financially covered for what would most likely be the remainder of her years.

Jared along with Ethel 's other sons and daughters or able to rest easy knowing full well that there was plenty of money to make sure their mother could be well taken care of as well as have the quality of life at home she was determined to live in.

Very common question you might be asking what as well... "What happens to the property after Ethel passes away?"

With most of these scenarios there's enough equity left over in the property so that the heirs could either sell the property for a profit or refinance the reverse mortgage into a more affordable conventional type loan if they would like to keep it.

A very common misconception about reverse mortgages is that it is some type of scam so that a bank can steal away a senior citizens property.

What the program is NOT a scam... Reverse mortgages are not for everyone.

Be wary of a salesman that call and try to convince you that it's the absolute best option.

Honestly in most cases, if there's other financial assets available, you are best off using those rather than tapping into your equity with a reverse mortgage. However, in some cases where investments 401(k)s, retirement, and Social Security income are just not cutting it... Reverse Mortgages can be an option that offers security, dependability and peace of mind.

If you know anyone like Jared or Ethel... if the story resonates with you or reminds you of anyone that you know please remember, most US citizens of retirement age have almost 85% of their net worth tied up in their home equity.

In a perfect world most people would have enough money in retirement and Social Security to take care of expenses as they get older however that is not always the case.

Make sure that you get educated on how reverse mortgage works and how it could help someone who is 62 years or older tap into their home equity and use it for their own well-being without having to make any large monthly payments. It may be the a better option than you might think.

Keywords: bay area reverse mortgages, pleasant hill, reverse mortgage questions, bay area reverse mortgage lender

Learn more about SpinDistribute Article Distribution System. We also offer a Pro Article Writing Service to everyone who needs premium quality well-researched articles.

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.