For many seniors, especially in the Bay Area, their home is one of their primary assets. Many homeowners have acted on their traditional belief that they should pay off their mortgages, and have done so. But in many cases they find that they do not have enough savings or income to live comfortably in retirement without accessing this equity.
Seniors are being forced to make compromises they do not want to make, such as selling their homes, working years past their desired retirement age, adding tenants or financially burdening family members. But there is a way to access their equity and stay comfortably in their own home. A Reverse Mortgage is one way to achieve this. A cash out refinance is another way.
Opes Advisors is comprised of two interactive divisions: Integrated Wealth Management and Mortgage Services, which allows us to fully serve our clients by providing expert advice in complex financial situations, including retirement planning. We provide our clients with strategic advice on how their home fits into their retirement plan.
Because we offer both reverse and traditional mortgage products, we can objectively determine which financing structure is best suited to take care of the financial concerns of retirement.
Reverse Mortgages can be the right choice for the right situation, but may not be for every senior. Opes can help you determine the best course of action for you or your loved ones.
Use our Reverse Mortgage Calculator to see available reverse mortgage options or contact one of our Reverse Mortgage Specialists.
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