If you are struggling to financially support your children and a parent at the same time, you are far from alone. 47% of Americans age 40-59 are in the same situation and are now being referred to as the “Sandwich Generation”. According to the Pew Research Center, about 23% of Americans overall have parents age 65 or older and are either raising a young child or have provided financial support to a grown child in the preceding 12 months. Many within this group are providing financial support to both an aging parent and a child. However, if your parents own their home, they may be able to unlock the equity in their home to create a tax-free income stream by means of a Reverse Mortgage, without creating a monthly liability the way a traditional mortgage would. More details here: www.HBReverse.com
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ABOUT THE AuthorKevin
Michael Melody has been a Mortgage professional in Southern California since
1990. Now based in Huntington Beach, Kevin assists buyers and sellers of
residential property with all their financing needs, with a special emphasis on
"Old School" personal service. He uses his more than two decades of
experience in mortgage lending and residential Real Estate to take his clients
from start to finish on any type of transaction. Sellers can take advantage of
his intimate knowledge of financing to pre-screen buyers and offer creative
solutions for self-employed individuals, business owners and otherwise
well-qualified buyers who may not fit traditional lending guidelines. He also assists
homeowners looking to refinance to a better rate or lower payment, consolidate
debts or get cash for home improvements, and even families whose homes are
underwater can be helped under Fannie Mae's Home Affordable Refinance Program
(HARP) and Freddie Mac's Open Access Relief Refinance for owner-occupied
single-family homes, condos, manufactured homes, and 2-4 unit residential
income properties, as well as vacation homes, rentals and investment property.
Kevin is a proud veteran of the United States Air Force, and author of the 2001
book "What Lenders Don't Want You To Know." Archives
April 2016
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