Determining Your Needs and Goals
 Before exploring the details of a reverse
mortgage, it is helpful to build a frameworkd of your particular
needs and goals. By having a clear understanding of your current
situation and future options, you can more easily identify a reverse
mortgage is an appropriate and viable financial solution for you.
Sefl-Assesment Questionnaire
Completing the worksheet below will help you
assess your financial situation or financial issues you may be
faced with now or in the future. These questions cover some of
the common reasons reverse mortgages are used by seniors today.
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Yes |
No |
| Are your necessary living expenses becoming more of a challenge
each month? |
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| Are you concerned about your ability to hancle a large unexpected
expense such as a health emergency? |
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| Do you want to supplement your savings to provide you income
during retirement?
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| Are there home repairs or improvements that you would like
to make that will enable yo uto live more comfortably? |
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| is there a necessary purchase that you have delayed? |
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| Does your health insurance lack the coverage you need for your
medical expenses? |
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| Do you rely on you family members or senior services for financial
support? |
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| Do you have available home equity to access? |
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If you have answered "YES" to any of
the questions above you may be a good candidate for a reverse mortgage.
We strongly encourage you to pursue other sources of information
as well as share the information you discover with family, friends
and/or trusted advisors.
If you would like FHAFunding to provide you with more information,
please click here
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