Hello, I'm Howard Frankel, a fellow senior who lives in Florida. Thank you for taking the time to visit my website. As a former investment advisor with a specialty in long-term care planning, I am impassioned to help others improve their quality of life, create peace of mind, and do what they can to plan for their future. Having retired and found it to be boring and non-impactful, I now enjoy each and every day helping my clients address their specific financial concerns.
While visiting my website, I hope you learn how a reverse mortgage can be an effective financial tool to give homeowners additional cash to live on using the equity in their home. Reverse mortgages are not for everyone. In the right scenario, they can be a great short or long-term retirement tool. The Home Equity Conversion Mortgage (HECM) is FHA's reverse mortgage program for those 62 and older.
You can also use a HECM to purchase a primary residence. With loans available up to $4m, there are many ways that a reverse mortgage can be utilized.
While visiting my website, I hope you learn how a reverse mortgage can be an effective financial tool to give homeowners additional cash to live on using the equity in their home. Reverse mortgages are not for everyone. In the right scenario, they can be a great short or long-term retirement tool. The Home Equity Conversion Mortgage (HECM) is FHA's reverse mortgage program for those 62 and older.
You can also use a HECM to purchase a primary residence. With loans available up to $4m, there are many ways that a reverse mortgage can be utilized.
Services
A little about my background.
I earned a Bachelor's of Finance from George Washington University in Washington, D.C., and have held a FINRA Series 7 and 66, as well as a Florida Life and Health License.
As a former registered investment advisor before retiring and relocating to Southwest Florida, I enjoyed educating my clients on the importance of long-term care planning and helping them make informed decisions.
Today, I have happily left retirement and find it extremely rewarding to educate consumers, financial advisors, eldercare attorneys and realtors about today's reverse mortgage products that incorporate added features and benefits to enhance retirement quality and consumer protection.
I earned a Bachelor's of Finance from George Washington University in Washington, D.C., and have held a FINRA Series 7 and 66, as well as a Florida Life and Health License.
As a former registered investment advisor before retiring and relocating to Southwest Florida, I enjoyed educating my clients on the importance of long-term care planning and helping them make informed decisions.
Today, I have happily left retirement and find it extremely rewarding to educate consumers, financial advisors, eldercare attorneys and realtors about today's reverse mortgage products that incorporate added features and benefits to enhance retirement quality and consumer protection.
2. Be contacted about a mortgage at my phone number even if my phone number appears on a State or National Do Not Call Registry, or any other Do Not Contact List.
This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA).
It is not intended to be a substitute for legal, tax or financial advice.
Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.
The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default.
This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA).
It is not intended to be a substitute for legal, tax or financial advice.
Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.
The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default.
A Home Equity Conversion Mortgage (HECM) is the formal name of the federally-administered loan that many commonly refer to as the 'reverse mortgage' loan.
The Home Equity Conversion Mortgage is administered by H.U.D. (The Department of Housing & Urban Development) and may help qualified homeowners 62 and older enhance their cash flow during retirement.
There may also be private jumbo reverse mortgages' available in your area for higher-valued properties (usually over $700,000 in value) which are not insured by FHA.
The Home Equity Conversion Mortgage is administered by H.U.D. (The Department of Housing & Urban Development) and may help qualified homeowners 62 and older enhance their cash flow during retirement.
There may also be private jumbo reverse mortgages' available in your area for higher-valued properties (usually over $700,000 in value) which are not insured by FHA.
Do I have the financial resources to help my parents with their medical and living expenses?.
What are my parents' wishes as to staying home if medical care is needed for an extended time?
Will Mom and Dad use up my inheritance?
While tapping into their home's value, your parents' home may appreciate in value, which could allow for some equity to be left at the end of the loan, but not always.
It is possible for your parents to use up their home's remaining equity.
Keep in mind that they could be able to live more comfortably without having to depend upon family members to support them.
What are my parents' wishes as to staying home if medical care is needed for an extended time?
Will Mom and Dad use up my inheritance?
While tapping into their home's value, your parents' home may appreciate in value, which could allow for some equity to be left at the end of the loan, but not always.
It is possible for your parents to use up their home's remaining equity.
Keep in mind that they could be able to live more comfortably without having to depend upon family members to support them.
A reverse mortgage loan is not for everyone.
We can provide detailed loan scenarios to you (with your client's permission) to help reach a decision that is aligned with the interest of all parties.
We are upfront with all our clients about the advantages and disadvantages of a reverse mortgage.
Proceeds received from a reverse mortgage typically do not affect Social Security or Medicare.
Provides access to a portion of their home's value without the requirement of monthly mortgage payments.
Borrowers must continue to meet ongoing property obligations such as homeowner's insurance and property tax payments.
We can provide detailed loan scenarios to you (with your client's permission) to help reach a decision that is aligned with the interest of all parties.
We are upfront with all our clients about the advantages and disadvantages of a reverse mortgage.
Proceeds received from a reverse mortgage typically do not affect Social Security or Medicare.
Provides access to a portion of their home's value without the requirement of monthly mortgage payments.
Borrowers must continue to meet ongoing property obligations such as homeowner's insurance and property tax payments.
Reviews
Be the first to review Howard Frankel.
Write a Review
