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The "sandwich" generation

1/26/2016

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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 Author

    Kevin 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."

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Huntington Beach, CA 92647

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