Episode: How a Reverse Mortgage Can Be a Great Tool For Buying Your Next Home Out Of The Bay Area
Many homeowners are considering making a move out of the Bay Area to a lower cost area. For people 62yrs and over, a Reverse Mortgage can be a great tool for homeowners on a fixed income to purchase their next home. Join Amanda Keith, Reverse Mortgage Specialist, and Scott Fuller, Founder of Leaving The Bay Area on this informative session to learn what a reverse mortgage is, how it works, who qualifies and some of the common misconceptions typically heard. We will also talk about strategies and real life examples of how a reverse mortgage has helped homeowners purchase their next home.
Podcast Hosts:
Scott Fuller has 25 years consulting and sales experience in real estate, professional services and technology with companies such as IBM Global Services and PeopleSoft. Real estate broker and founder of LeavingTheBayArea.com and LeavingSoCal.com, Scott has been featured as a relocation expert on KRON4 Bay Area, NBC Bay Area, KABC Los Angeles, NBC4 Los Angeles, SF Gate, San Francisco Business Times, Silicon Valley Business Journal, KGO San Francisco, Bloomberg News, Reason Magazine and Zero Hedge.
Guest Interview:
Amanda Keith helps retirees gain access to their home equity for use during retirement, through a deferred repayment loan (reverse mortgage). This is for homeowners/buyers ages 62 and over, and is often used to eliminate a monthly mortgage payment.
