Reverse Mortgage Direct released an online assessment tool to help seniors determine whether a reverse mortgage can help their financial challenges.
The Reverse Mortgage eGuide is free and lets seniors know if they qualify and whether it might be right for their situation.
“We hope our eGuide will open new doors for millions,” says Josh Stephens, Reverse Mortgage Direct’s President. “In this economy, seniors have taken a big hit along with working-age citizens.”
The company hopes the Federal Housing Administration’s reverse mortgage can be part of the answer to help senior citizens. “Reverse mortgages are not an entitlement, like Medicare,” says Stephens, “but they can help cash-strapped seniors. Yet they’re way underused. We hope our eGuide helps change that, by educating seniors.”
Reverse Mortgage Direct is an affiliate of of LTC Financial Partners and was formed in January of 2010.
