The Truth About Reverse Mortgages (Ep. 7)

Did you know that nearly 70% of retirees’ net worth is tied up in their home equity? Yet many never consider leveraging it to secure a worry-free retirement.

This week on Retirement Solutions The Podcast, Tyson Thacker and Ryan Thacker are joined by Chad Peck, owner of Reverse Freedom Mortgage, who brings over 20 years of experience in the mortgage industry, specializing in reverse mortgages for the past 15 years. Chad talks through the realities and misconceptions surrounding reverse mortgages, from eligibility and the benefits they can offer, to the potential pitfalls and common fears people have. Listen in to gain an in-depth understanding of how reverse mortgages work and whether they might be a viable option for your retirement strategy!

Topics discussed: 

• The misconceptions and realities of reverse mortgages.
• The process of securing a reverse mortgage and how it can impact your financial planning.
• How reverse mortgages can be used to purchase a new home, allowing retirees to downsize or find a more suitable living situation.
• Real-life examples of how a reverse mortgage can alleviate financial stress in retirement.
• And more!

Resources:

• The B.O.S.S. Retirement Blueprint

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

• Text BLUEPRINT to (435) 500-0665
• Call: (800) 769-7550
• or Click Here

Connect with Tyson Thacker: 

• LinkedIn: Tyson Thacker
• BOSSRetirement.com

Connect with Ryan Thacker: 

• LinkedIn: Ryan Thacker
• BOSSRetirement.com 

Connect with Chad Peck: 

• LinkedIn: Chad Peck
• Call: (801)-921-4663
• Email: chad@reversefreedom.com 
• Reverse Freedom Mortgage 

About Guest

Chad Peck is the owner of Reverse Freedom Mortgage, has been in the mortgage business since 2003, and has been focused primarily on reverse mortgages for the past 15 years. Chad has a passion for working with clients 62 and older to provide them with a more comfortable and secure retirement.

Chad enjoys getting to know his clients. Whether you need 40 minutes or 4 hours, he will spend the time to make sure all your questions are answered.

He has worked with hundreds of clients over the years and provides educational seminars to help people understand the benefits of a reverse mortgage.

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Our firm assists retirees and pre-retirees in the creation of retirement strategies utilizing investment and insurance products. We are fiduciary financial planners who create custom retirement plans to help maximize social security and minimize tax and risk. Advisory services are offered through B.O.S.S. Retirement Advisors, a Registered Investment Advisory firm. Insurance products and services are offered through B.O.S.S. Retirement Solutions. Marketing materials are provided by Infinity Marketing Services. 

This content is provided for informational purposes only. It is provided by third parties and has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. We are not affiliated with any government agency including the Social Security Administration.