The Charbonneau Villager Newspaper 2020_Mar_issue Villager newspaper | Page 28

28 THE CHARBONNEAU VILLAGER
March 2020
PAID ADVERTISMENT
Finding Home with Strategic Estate Planning
Jeff Foody with Northwest Reverse
Mortgage works tirelessly to weed out
the misconceptions and downright un-
truths that have perpetuated in the
reverse mortgage industry but many
misconceptions still remain. He brings 17
years of experience in the reverse mort-
gage industry and ensures his clients
get the facts. “Access to reliable infor-
mation and a seasoned expert makes a
huge difference during retirement plan-
ning and execution,” explains Foody. He
urges anyone who is mulling over their
retirement options to seek out an expert
for guidance on how to best utilize their
resources in retirement. “We find that
many folks have questions about estate
planning and tax strategies that are best
answered by an expert attorney like our
colleague Ginger Skinner.” Ginger has
a holistic approach to estate planning
and understands that this is not a one
size fit’s all situation. Ginger explains
“When I meet with a client, I listen to
their needs and uncover what is truly
important to them- My background in
Estate Planning as a Tax/estate attor-
ney allows me to offer expert advice and
really guide them to a plan that fits their
specific needs.”
Northwest Reverse Mortgage is deter-
mined to provide this much needed ed-
ucation about retirement and the many
options that exist- by way of estate plan-
ning seminars- throughout the Pacific
Northwest.
Over the past several years, a host of
federal rule changes have begun to shine
a more positive light on the idea of re-
verse mortgages. But even with reverse
mortgages bringing more borrower pro-
tections than ever before and drawing
closer to the mainstream, many home-
owners still hesitate to pursue them.
Brad Eaton, Realtor with HomeSmart
Realty explains “Now that people 62 or
older can purchase a new home with a
reverse mortgage and never have to pay
a monthly mortgage payment, it allows
them to completely change their life-
style. My client used a reverse mortgage
to purchase a new home and it has ab-
solutely been a benefit to him. We were
able to sell his previous home which had
fallen into disrepair and pay off the mort-
gage that he had been making payments
on and purchase him a completely up-
dated, newer home with a reverse mort-
gage loan. Not only did he change his
address but now, he never has to make a
monthly mortgage payment so he is able
to retire without having to worry about
making ends meet.” Brad delves further
“I had no idea this loan option existed
and there is absolutely a need for people
to understand and learn about all the op-
tions available to them in retirement to
maximize their quality of life.”
Foody firmly believes that providing
Oregon residents with complementary
seminars based on their own concerns is
the best way to get the whole truth to the
many retirees who are missing out sim-
ply because they just don’t know. Wheth-
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er they need help buying a home that’s
better suited to their situation, need to
access some of their current home’s eq-
uity or are wondering what is the best
strategy for them to maximize their re-
tirement planning, Foody and his team
have the reverse mortgage expertise
that most banks and traditional mort-
gage companies lack and a deep network
of experts and professionals ready to of-
fer guidance on many issues. “There is
no one else in the state of Oregon that
is remotely close to the level of experi-
ence that we have at Northwest Reverse
Mortgage,” says Foody, highlighting his
depth of knowledge within the industry.
“My blood runs in reverse,” he jokes.
Jeff Foody with Northwest Re-
verse Mortgage and Brad Eaton with
HomeSmart Realty give each client
personal attention to better understand
their needs and help them achieve the
best possible outcome. Foody notes,
“Having somebody come to your house
and explain all of the ntricacies of the
program is one of the reasons people
choose us. We are available for house
calls at your convenience.” Brad Eaton
feels that meeting with people in their
homes is a great way to really get to know
them “When I meet with someone who
is trying to decide what’s best for them-
to sell their home and move to assisted
living or maybe buy a new home that is
more suited to their lifestyle, we figure
out together what is the best choice for
them. It is so beneficial for my clients to
have an estate and tax attorney assist
us with this huge decision. There are so
many factors to consider and I want to
ensure my clients have the information
they need to live the best life possible.”
Due to misinformation and miscon-
ceptions, many homeowners do not fully
understand reverse mortgages or their
value but, as Foody notes, “In reality,
this program can provide multiple fi-
nancial options that people did not know
were available to them.”
“Our seminars are very easy going,”
Foody explains. Several scenarios are
discussed and those interested can
ask all the questions they desire. “The
guests that attend learn more than they
thought they would, and they love listen-
ing to everyone’s questions and stories.
It really brings the community together
and offers an experience a one on one
meeting would not.” Foody explains.
Serving Oregon’s reverse mortgage
needs for 17 years and counting, Jeff
Foody and his new brokerage North-
west Reverse Mortgage specializes in
demystifying the reverse mortgage
and guiding senior homeowners and
home shoppers to a more secure fu-
ture. Attend our upcoming seminar to
learn more. RSVP at 503-427-1667 or
www.nwreverse.com.
Ginger Skinner
Estate and
Tax Attorney
with Skinner Law
Northwest Reverse Mortgage, LLC. NMLS-1834787. Equal Housing Lender. Credit on
ap proval. Terms subject to change without notice. Not a commitment to lend. Contents
not provid ed by, or approved by FHA, HUD or any other government agency. All poten-
tial tax benefits should be verified with a professional licensed tax advisor. http://www.
nmlsconsumeraccess. org/EntityDetails.aspx/COMP ANY /1834 787. At the conclusion
of a reverse mortgage, the borrower must repay the loan and may have to sell the home
or repay the loan from other proceeds; charges will be assessed with the loan, includ-
ing an origination fee, closing costs, mort gage insurance premiums and servicing fees;
the loan balance grows over time and interest is charged on the outstanding balance;
the bor rower remains responsible for property taxes, hazard insurance and home
maintenance, and failure to pay these amounts may result in the loss of the home;
interest on a reverse mortgage is not tax deductible until the borrower makes partial
or full re-payment.