Divorce among those 65 years and better is rising faster than other age groups at a time when the financial impact can be most difficult from which to recover. There is a silver lining though. For homeowners age 62 and better, the FHA-insured Home Equity Conversion Mortgage (HECM) — HUD’s revamped version of the former reverse mortgage — can help this select group of divorcees divide housing wealth without decimating savings accounts. This unique financial tool can assist in the division of assets without either party taking on a mortgage payment, becoming a renter, or being left without access to other available retirement funds. The HECM can be used as a buy-out tool for the homeowner wishing to keep the family home, and as a purchase tool for the homeowner seeking to relocate. Each party can be a homeowner and no one has to assume a monthly mortgage payment. Bring your friend, your advisor, your neighbor to learn program guidelines and how much money is available.
Presented by: Mary Jo Lafaye, nmls #246222, HECM Reverse Mortgage Specialist and Patricia Tobin, Certified Elder Law Attorney
Hosted by: Tamalpais Union High School District, Community Education
When: Thursday, Feb 16 @ 11:00 AM – 1:00 PM
Where: Carlisle Building, Creekside Room, 375 Doherty Drive, Larkspur
(Located west of Redwood High School, directly in front of football field, green building)
Cost $35
Registration Closes February 16th at 12:00 AM
To Register, go to www.marinlearn.com (seminars are under Business and then Financial Planning), Click Here, or if you have questions, please call Mary Jo Lafaye at 415-259 -4979
For a list of our Upcoming Events, please click HERE
Synergy One Lending, Inc. dba Retirement Funding Solutions. NMLS ID 1025894. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act – License #4131356. These materials are not from, and were not approved by, HUD or FHA. Mary Jo Lafaye, NMLS ID 246222.
