Home Sweet Home

I love my home.  

I love my independence.  

I love my reverse mortgage.

Home Sweet Home

“I love my home.  I’m getting older.  I want to be financially independent and prepared.  I’m anxious about my options.  I don’t want to be sold.”

These are the most common responses when discussing reverse mortgages. In fact, few people are eager to move from where they live. Studies have shown that 90 percent of adults over the age of 65 would prefer to stay in their current homes as they age. 

In recent years there has been a powerful trend across the U.S. called “aging in place.” Aging in place is “the ability to live in one’s own home safely, have access to money for current and future needs, and maintain a good quality of life for the rest of your life”.  

Life Happens and it costs money!

As you grow older you may face the challenge of being able to afford to continue to live in your own home. The top financial stress points include:

• Not having enough money every month
• Ongoing mortgage or home-equity line payments
• Recurring and unexpected health expenses
• Credit card bills
• Desired home repairs
• Loss of a loved one
• Or, just trying to enjoy life a bit more.

Without a plan, your quality of life may diminish or be forced to sell your home.

What are the top advantages of a reverse mortgage?

The most common uses of reverse mortgages are:

• Access to tax free cash when needed
• NO monthly mortgage payment (note- you are responsible for real estate taxes, insurance, and other loan guidelines)
• A monthly check for life
• A reverse mortgage line of credit 
• Having fun

Take Action!

A great place to start is to get your free “How to Use Your Home to Stay at Home.” This is the official 36- page reverse mortgage consumer booklet approved by the U.S. Department of Housing & Urban Development and published by the National Council on Aging.   

To receive your free copy, please call me at (781) 724-6221 or email me at alainvalles@gmail.com  I am also available to evaluate your specific situation, answer your questions, and calculate how much money is available to you.

Alain Valles was the first designated Certified Reverse Mortgage Professional in New England.  He obtained a Master of Science from the M.I.T. Center for Real Estate, an MBA from the Wharton School, and graduated summa cum laude from UMass Amherst.  He is the senior reverse mortgage loan officer MLO#7946 at Powerhouse Funding Corp. NMLS #1740551.  He can arrange but does not make loans.  Alain can be reached directly at (781) 724-6221 or by email at alainvalles@gmail.com.