Is The Reverse Loan
Mortgage Right For Me?
Hello, my name is Sheryl Adams. I
obtained my Salesperson Real Estate license in 1995
and my Broker Real Estate license in 2001. I have
been in the Real Estate field for over 15 years.
I have a natural affinity toward
the elderly that formed many years ago through my
interactions with my "Aunt Ree" when I was a child.
I saw Aunt Ree as a mysterious and magical woman who
was spiritually deep in her thoughts and beliefs. As
a child, there was no way for me to predict that one
day I would take her into my home and care for her
when she became ill. By bringing her into my home,
my Aunt Ree avoided being placed in a nursing home.
Instead, my home was a place where she was able to
pass peacefully and with dignity, in a loving
environment with myself and my two daughters.
Experiencing first hand the challenges that my Aunt
Ree encountered as she aged, I have a better
understanding of the needs of my Senior clients.
Since my Aunt Ree's death, it has been my calling to
help my Senior clients in any way possible. I even
found a way to help my Seniorís remain independent
and put in place financial plans that will give them
greater security in the future through Real Estate.
As a broker, over the years, I
have had some of my Senior clients come to my office
seeking help because they were unable to pay their
mortgage. As it turned out, many of them had been
taken advantage of by unscrupulous brokers who sold
them second mortgages or refinance products that
they could not afford. By the time my Seniorís got
to me, there was little that could be done.
Hence, late last year I began reading about the
Reverse Loan Mortgage and I immediately wanted to
know more about it. I thought about the financially
struggling Senior clients that I had encountered in
the past and thought maybe this product could help
them. I have to say that initially I was skeptical.
I remembered hearing the rumors that "the bank will
take the house." Although the Reverse Loan Mortgage
is not a "one size fits all" product for all
Seniors, upon thorough review, I realized this was a
great loan for some of my Senior clients.
From my own personal experience I
have determined that in the following situations a
Reverse Loan Mortgage is a good loan if:
a. You Cannot Afford To Pay Your Mortgage
b. You Choose To Turn Your Equity Into Cash
c. You Have No Heirs.
I have enjoyed being able to bring smiles of relief
to over-burdened seniors with the Reverse Loan
Mortgage and will continue to do so as long as the
product proves beneficial to my Senior clients.
information regarding the Reverse Loan Mortgage
please contact Sheryl Adams at (562) 254-5277