Class Information for Summer 2019, Free: REVERSE MORTGAGES, Thursday, September 26, 3-5pm, Palm Ridge Recreation Center, Acacia Room (SF110)
This class will help you understand the benefits and limitations of reverse mortgages and whether it is right for your circumstance. If you are 62 or older and want money to pay off your mortgage, supplement your income, or pay for healthcare expenses, you may consider a reverse mortgage. It allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills. But take your time: a reverse mortgage can be complicated and might not be right for you. Learn how reverse mortgages work, the types of reverse mortgages and how select the right organization to work with if you want a reverse mortgage. Instructor Scott Sandell is President of local Phoenix Chapter of the Foundation for Personal Financial Education, a not-for-profit organization dedicated to financial awareness and is and owner of SES Services in Phoenix.