Torrey Larsen, president of retail lending for Security One Lending said:
“Security One Lending and RMS believe future growth for the Reverse Industry will be driven in large part through the utilization of the HECM as a part of one’s overall financial plan. The ability to have this group of “thought leaders” from the financial advisory and research communities provide strategic guidance to S1L’s evolving Financial Advisor model is extremely valuable.”Some financial planners have been climbing on the reverse mortgage bandwagon for some time now though. Brian Rezny, a financial planner, offers the reverse mortgage to about 90% of his clients (after careful consideration of their person situation). Lifestyle, to Renzy, is a decisive factor in each of these cases. If his clients aren’t willing to change their habits, whether they are in financial trouble, or hoping to avoid it, he sees no need for the program. Moving forward, Security One Lending is taking the necessary steps in order to educate borrowers, lenders, financial planners, Realtors, etc. as the new changes come into play. Specifically, making sure that the reverse mortgage’s reputation adapts to these changes. Often seen as a last resort, the changes will, hopefully, make the reverse mortgage what it used to be…a viable tool for retirees hoping to age in place. Interested in a reverse mortgage program or want more information? Give PS Financial Services a call at (888) 845-6630 or email us at info@PSReverseMortgage.com. We do not pressure those who inquire.