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What is a Reverse Mortgage - An answer to a Prayer - YouTube
Channel: Fred DeLuca YouTube Channel for You
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now attention all you baby boomers out there there聽
are 71.6 million baby boomers out there that's聽聽
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right 71.6 million now if you think about it a lot聽
of these baby boomers way back when they were the聽聽
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counter culture of the time they were bell bottom聽
jeans they gave the peace sign uh hate ashbury聽聽
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they were doing some other things as well now聽
if you think about it these baby boomers today聽聽
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they're our elderly parents grandparents other聽
family members as well who are nearing the聽聽
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retirement age now here's an amazing stat from聽
the department of health and human services聽聽
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70 of those over the age of 65 at some point聽
in their life they're gonna need some type of聽聽
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care some type of home care maybe and a lot of聽
us a lot of them they're not prepared i myself聽聽
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i'm a baby boomer as well i totally understand聽
about preparing for the future and the stresses聽聽
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and strains of being a baby boomer even though聽
i've got three college age daughters i call them聽聽
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fred's angels preparing for the future as a baby聽
boomer is a whole lot different than preparing聽聽
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for your future when you're this age baby boomers聽
listen up don't be scared about it don't worry聽聽
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about the future be not afraid do not fear be not聽
afraid in the bible that phrase comes up 44 times聽聽
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24 times i guess somebody's trying to tell聽
us something now if you're 62 years of age聽聽
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or older and you own a home and you have at least聽
50 percent equity in that home a reverse mortgage聽聽
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might be the best thing for you now there's some聽
out there who bash reverse mortgages i'm not going聽聽
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to name any names dave ramsey now the countless聽
others out there a reverse mortgage has not only聽聽
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been a huge blessing but it's been life-changing聽
to them and their family members now don't take聽聽
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my word for it don't believe me why don't you聽
listen to those who've actually experienced it聽聽
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and they could share from their heart what a聽
reverse mortgage has done for them in their life
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i'm carol tavares and i'm 76聽
years old although i don't feel聽聽
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like it inside i just look like it on the outside
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my husband and i were married in 1993.聽聽
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it was not our first time around聽
i had three children he had one聽聽
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life is a challenge good boy i've had some聽
more serious challenges the last few years
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eric is my middle boy and he is disabled and he's聽
56 he's wheelchair-bound and has been for 35 years聽聽
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then i had my mom here for a while living with me聽
and she passed away in june and she was a handful聽聽
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and then i have joe my husband who's聽
been diagnosed with early alzheimer's聽聽
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i see him slipping away okay let's go look at聽
the bed eric has always been my responsibility聽聽
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i try and help him as often as i can his van was聽
in real bad shape it was coughing and choking and聽聽
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not getting him where he needed to go and if聽
he didn't have a van he wouldn't be able to go聽聽
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anywhere he's housebound we knew we had to do聽
something and i was so frustrated i just didn't聽聽
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know which way to turn we have a mortgage i was聽
struggling to pay the house off because my idea聽聽
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my dream or my thoughts were that you should have聽
a house paid for if you want to retire joe wanted聽聽
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me to get a reverse mortgage and i fought him聽
every step of the way i didn't think he understood聽聽
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the ramifications of a reverse mortgage so i kept聽
saying no no no and joe kept seeing tom selleck on聽聽
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television selling reverse mortgages my thought is聽
like you're kidding me tom selleck surely doesn't聽聽
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have a mortgage let alone a reverse mortgage my聽
daughter called me and she says mom i think you聽聽
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should look into it again things are different聽
a reverse mortgage is you're taking your money聽聽
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out of your house you have access to that money聽
if something happens to you the house is still聽聽
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in your name and your beneficiaries can still聽
sell the house and have whatever money's left聽聽
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after they pay the rear mortgage off i started聽
thinking about this reverse mortgage and all of聽聽
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a sudden you're not going to believe this but it聽
hit me how old i am i'm going to die eventually聽聽
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and all that money is going to be in聽
the house and i'm not going to see it
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eric never eats sweets聽聽
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except when it comes to lemon meringue聽
pie forget it he could eat a whole pie
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oh i feel so good about eric when i got this聽
reverse mortgage and i talked to him about the van聽聽
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i said i want to help you i want to fix that van i聽
want to know that you're going to get to my house聽聽
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on christmas and he got tears in his eyes i got聽
tears in my ass oh my god when he goes but mom聽聽
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i said but mom nothing what would i be doing with聽
this money okay sonny boy mama's going i love you聽聽
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a little bit too man i love you more i didn't聽
leave myself out the first thing i did was i got聽聽
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an air conditioner and i also bought myself聽
a new king-size bed and i want to have my聽聽
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kitchen cabinets painted white getting a reverse聽
mortgage has really changed my life i feel secure聽聽
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i've got the money i can do it i can live i don't聽
have to worry about losing my house i don't have聽聽
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to worry about making a house payment i only have聽
to pay taxes and insurance i'm real happy with the聽聽
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reverse mortgage and considering how negative聽
i was i can't believe it's me but it's true聽聽
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sometimes people come to us after an emergency聽
situation an accident an injury a surgical聽聽
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recovery that's taking a little longer so from聽
that standpoint they weren't preparing for the聽聽
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medical need that happened either home is almost聽
what they're used to home is where they've spent聽聽
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the last 10 15 20 30 years of their life this聽
is where they're comfortable with as a reverse聽聽
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mortgage is a wonderful opportunity that puts聽
people's mind at ease because the financial聽聽
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situation when the discharge orders are signed聽
at the hospital uh they're taking care of so from聽聽
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that standpoint they just need to go get the care聽
because financially they're covered now you've聽聽
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heard the expression that knowledge is power well聽
i want to change that a bit i want to change it to聽聽
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knowledge gives you peace the peace of mind so聽
i'm here to offer you that peace of mind right now聽聽
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i would like to give you a free reverse mortgage聽
brochure so you can be fully informed about what聽聽
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could be a life-changing decision for you and聽
your family now all you need to do is go to聽聽
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the description section of this youtube video and聽
click on the link for your free reverse mortgage
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look at brochure
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