Bill Donofrio’s Post

October is Financial Planning Month! Whether you're planning for retirement, saving for a major purchase, or simply trying to make the most of your hard-earned money, check out our blog for smart money moves for your financial future. #FinancialPlanningMonth #financialplanning #finance #blog #Longbridge

Don't let dropping temperatures lead to a dull garden! As summer days give way to the cool, crisp air of autumn, use the tips and tricks in our blog to keep your garden thriving, even as the leaves change. #Longbridge #blog #autumn #gardening

Fall is here and now is the time to take in the dazzling displays of fall foliage across the country! Whether you want to stay close to home or are willing to travel, read our #blog for some of the best places to take in stunning autumn scenery. #Longbridge #blog #autumn #fall

🏡 FAQ: “Does the bank own your home with a reverse mortgage?” No, that is a common myth! When you take out a reverse mortgage, you retain sole ownership of your home. The lender simply places a lien on the title to ensure repayment, as with any mortgage. And you keep the title in your name so long as you meet the loan terms, like maintaining the property and paying your property taxes and insurance. The lender’s lien guarantees they’ll be repaid when the loan is due, but you can rest assured that lenders are not in the business of owning homes. Learn more about how reverse mortgages work and your ownership rights in our blog! https://bit.ly/3XOGxXa #Longbridge #LongbridgeFinancial #FAQ #HomeOwnership #ReverseMortgage #HomeEquity

💼 Financial Professionals Earn CE Credit 💼 Do you have clients who are eligible for Medicare? Bonnie Dobbs, licensed insurance agent and Founder of Insurance and Other Red Tape, will cover everything from eligibility and options to key enrollment periods and the importance of timely referrals. This webinar is a must-attend for financial professionals looking to enhance their offerings. 🗓️ Wednesday, September 18, 2024 | 1:00 – 2:00 PM ET Join us: https://bit.ly/3XspYiy #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #Medicare

As lifespans increase, more seniors face rising healthcare costs and housing expenses. Are we ready for this wave of aging Americans? 🏡💡Discover the growing challenges of affordable senior living and explore innovative solutions for securing a more comfortable future in our latest blog! #Longbridge #blog #longtermcare #homecare #ReverseMortgage #RetirementPlanning

🚚 FAQ: “What happens if I relocate and leave the house after I obtain a reverse mortgage?” If you permanently relocate, your loan becomes due. However, you have options: you can sell the home to repay the loan, pay it off from other funds, or possibly qualify for a short sale or deed in lieu of foreclosure. Temporary absences longer than two months must be reported to your lender. And if the last borrower or non-borrowing spouse passes away, heirs have similar options to manage the loan and avoid foreclosure. Bringing your heirs into the conversation early can help everyone be prepared for changes down the line. Learn more in our blog: https://bit.ly/3XpFVFY #Longbridge #LongbridgeFinancial #FAQ #ReverseMortgage

When it comes to applying for a mortgage loan – whether forward or reverse – that need to meet. And in the case of a traditional ‘forward’ mortgage, perhaps the most intimidating of these requirements is having a sufficient credit score. But what does credit score mean when applying for a reverse mortgage?

Financial Pros >> Maximize Your Client’s Medicare Planning 📈 Medicare can be a maze, but with the right guidance, you can help your clients navigate it with ease. Join Bonnie Dobbs, licensed insurance agent and Founder of Insurance and Other Red Tape, for an information-filled webinar where she’ll cover the essentials of Medicare, how to prepare your high-income clients, assist low-income clients, and how moving has an impact on coverage. Equip yourself with the knowledge you need to better serve your clients! 🔗 https://bit.ly/3ZlvF4s #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #Medicare

🏠 FAQ: “Can I get a reverse mortgage on a manufactured home?” Yes, but the home must meet certain requirements set by HUD. Typically, single-family homes qualify, but manufactured homes can also qualify if they meet HUD standards. Additionally, multi-family homes where one of four units is your primary residence, and HUD-approved condominiums are eligible. You can ensure your manufactured home meets these criteria by checking HUD and FHA guidelines. Learn more about property eligibility in our blog: https://bit.ly/3Th63l4 #Longbridge #LongbridgeFinancial #FAQ #HomeEquity #ReverseMortgage