Reverse Mortgages in Bend OR

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

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• 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

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• 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.

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• 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.

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• 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