Episode 23: Grey Divorce and Reverse Mortgages with Brian Cohen

Wealthy After Divorce

Senior divorcing couples (often referred to as “Grey Divorce”) face unique financial challenges when it comes to the marital home. If keeping the house is a priority for one spouse and there aren’t enough assets in the estate to buy out the other’s interest, couples may start thinking outside the box. Jacki Roessler, CDFA® and her guest, Brian Cohen, 131198 Senior Mortgage Banker-Reverse Mortgage Planner of Fairway Independent Mortgage Corporation talk about the pros and cons of reverse mortgages. Brian has built his success by providing clients with over 20 years of lending experience and insightful mortgage knowledge. His high degree of reverse mortgage knowledge allows him to also help seniors understand the sometimes confusing myths, terms and conditions of reverse mortgages in order to make sound, informed decisions about what is in their best interest.

Topics discussed include:

• What is a reverse mortgage and who is eligible?
• Understanding the fees and costs of a reverse mortgage as compared to the fees and costs of a traditional mortgage.
• What risks are associated with reverse mortgages for you and your heirs?
• What is the process to obtain a reverse mortgage?

RESOURCES

• Connect with Brian by clicking here HERE
• To read information about reverse mortgages provided by non-profit, AARP (American Association for Retired Persons), click HERE
• To find a HUD counselor Click Here
• Learn more about how Jacki Roessler, CDFA® helps divorcing clients evaluate information on reverse mortgages by emailing her at [e-mail]. To read about Jacki or schedule an initial complimentary consult, CLICK Here

Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. Pearl Planning is not affiliated with and does not endorse the opinions or services of Brian Cohen or his affiliates. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.