Harvard's Center for Public Leadership’s Post

When your team steps up right behind you to make the impossible a reality, you get smiles like these, meet George and Terri. Meet the pair who listened to a new idea to assist a family member with a critical medical need. George and Terri this father/daughter duo found themselves unable to assist a younger sibling with a very expensive and urgent medical need. A close family friend connected them to our team and the idea of a Home Equity Conversion Mortgage (HECM). They are now able to provide $85K in medical expense support to their family member while simultaneously leveraging the line of credit growth to accommodate a planned future need. "How fast can we do this" was the ask. Answer, clear to close in 14 days, with a holiday in the middle and a quick drive to the Oregon Coast on a Saturday for signing.  In Terri’s words “I just can’t believe how quick and painless this has been. You have such a great team!” Since Terri is still working, we did some analysis of her paying into the loan to essentially freeze the balance growth. Every dollar paid in goes straight to her line of credit. By leveraging the accrual on the growing line of credit, she is positioned to make some additional home improvements, support her 88-year-old father’s needs and remain in her home for as long as she chooses. There is so much more to this story, but most importantly, these financial tools change people’s lives. Here’s to Terri and George for allowing me to share the vast number of ways to use the funds and working side by side to create future financial stability well beyond their immediate need. And about that family friend, he understood the numbers well enough to pique their interest. If you’re unfamiliar with the power of a reverse mortgage or think they’re a bad idea, perhaps you should meet Terri. She is bright and articulate and thanks to a HECM, now has a plan to manage her family’s financial future. Shout out to the best, most organized teammates who made me look so good. Benjamin Krumpe, Grace Scarville, Tatia Brown, Amy Smith, Brittany Brugh #retirementmortgage #HECM #Fairwayreverse #thelandisgroup

Celebrating 50 Years of Financial Milestones: The Role of Buyer's Agents in Empowering New Homebuyers This year, we commemorate a significant milestone in financial history – the 50th anniversary of women's right to obtain a credit card without a male cosigner. Hard to believe, right?! This landmark decision was more than just a step towards financial equality; it was a leap towards empowering women with the ability to establish credit, build a solid credit history, and demonstrate their financial responsibility. In the realm of real estate, the importance of established credit cannot be overstated. It is the foundation upon which major life purchases, such as homes, are built. As a professional real estate agent and an advocate for informed and empowered home buying, I understand the critical role of a buyer's agent in this process. A buyer's agent does more than just find your dream home. They are your advisor, your negotiator, and your partner in making informed decisions. They understand the market, the legal intricacies, and the financial aspects, including the pivotal role of credit history in securing a mortgage. As we reflect on this anniversary, let's also acknowledge the empowering role of buyer's agents in guiding new buyers through the complexities of home buying. Whether it's understanding the impact of credit history or navigating the mortgage process, a buyer's agent is key to unlocking the door to homeownership. If you're on the journey to buying a home and value the importance of expert guidance and informed decision-making, let's connect. Together, we can celebrate this milestone by making your dream of homeownership a reality. #FinancialMilestones #WomenInFinance #HomeBuying #RealEstate #BuyersAgent #Empowerment #FinancialIndependence

March 2024 is shaping up to be an exciting and financially significant month, and I'm here to guide you through the opportunities it holds! 🌼💰 1️⃣ International Women's Day - March 8th: Let's kick off the month by celebrating the incredible contributions of women around the world. In the realm of finance and mortgages, women are making a substantial impact too! If you're a woman interested in homeownership or investment, I'm here to empower you with the knowledge and support needed to achieve your goals. 2️⃣ March Madness - Throughout March: Just as the NCAA basketball tournament brings excitement, your financial game plan should too! Let's strategize on how to maximize your mortgage opportunities and score big with your financial goals. Whether you're a first-time homebuyer or looking to refinance, March is an excellent time to make a slam dunk decision. 3️⃣ Tax Season - Throughout March: As the tax deadline approaches, it's crucial to evaluate your financial situation. Consider how your mortgage can play a role in reducing your tax liability or improving your financial health. Let's discuss your options and ensure you're making the most of your finances. 4️⃣ Spring Equinox - March 20th: Spring is a season of renewal and growth. If you're thinking about a new home or an investment property, this is the perfect time to start planning. I can assist you in finding the right mortgage solution to help your financial goals bloom like spring flowers. 5️⃣ Mortgage Awareness Month - Throughout March: March is also recognized as Mortgage Awareness Month in Canada. It's an ideal time to become more informed about mortgage options and how they can benefit you. Whether you're a first-time buyer or a seasoned homeowner, there's always something new to learn about mortgages. March 2024 is a month of empowerment, financial growth, and opportunities. If you're looking to make significant strides in your financial journey this month, reach out to me. Let's make March a month to remember for all the right reasons! 💼🏠 #YEGRE #YEGMortgages #YEGBroker

✨🏡 Elevate Your Golden Years: Unlock Financial Freedom with Reverse Mortgage Magic! Viral Searches: "stay in my home retirement," "downsize alternatives," "financial security seniors" on Google and LinkedIn Feeling the pinch from rising costs and the looming "downsize or bust" narrative? Bid farewell to the drama and embrace the key to a stress-free retirement: the Reverse Mortgage. Envision it as a financial fairy godmother residing in your walls, granting wishes like: ✨ Say Goodbye to Monthly Mortgage Blues: Wave farewell to that bill and welcome guilt-free spending, dream vacations, or simply savoring life without money worries. ✈️ ✨ Preserve Your Happy Place, Safe and Sound: No tears for cherished memories! Stay put in your haven, surrounded by familiar comfort and joyful history. Your garden gnomes and vintage record collection deserve to stay, too! 🪴 ✨ Unlock Hidden Home Equity Treasure: Your paid-off house becomes a financial ATM! Choose from monthly payments, a lump sum, or a line of credit. Upgrade the kitchen, support the grandkids' dreams, or just live comfortably knowing you're secure. ✨ Unlock Your Peace of Mind Palace: Knowing your home and future are safe is priceless. Imagine the relief and joy as you finally live life to the fullest, worry-free! ✨ #GoldenYearsHack: Share this with your over-62 crew and make "Staying Put in Style" the hottest trend! Ditch the downsize drama and turn your home into a haven of financial freedom and fun! Remember: Knowledge is power! Conduct your research, partner with reputable lenders, and make informed decisions. You deserve the best! You can use a #ReverseMortgage for a new home or #Refinance your current home. By choosing a reverse mortgage, you're not just staying put – you're choosing financial freedom, peace of mind, and the opportunity to live your #GoldenYears exactly as you deserve! What are you waiting for? ✨ Bonus Resources: National Reverse Mortgage Lenders Association: NRMLA AARP: AARP Let's unlock the doors to worry-free golden years for every senior! ✨

🏡 Considering a move? 🤔 Don't let high mortgage rates hold you back! While lower rates may be a factor for some, did you know that the desire to be closer to family and friends tops the list of reasons to move? According to Buffini & Company research, it's the number one motivator for many. As a real estate agent, understanding your clients' family dynamics and life milestones is key. Whether it's a growing family, retirement, or the need to care for #elderly relatives, knowing their needs puts you in the best position to help them make the right move. Here is reason 2 of 6 factors that might influence your decision to move closer to family: Reason #2: Elder care: Being close to #family can provide invaluable support for seniors, ensuring their needs are met & giving everyone peace of mind in times of need. Stay tuned for more insights into the factors that may influence your decision to move closer to family! 📦🚚 Thinking about making a move? Let's chat about how I can help you find the perfect home closer to your loved ones! 🌟 CONTACT: #GeorgeMastrosavas 440.263.7501 https://lnkd.in/gPgZZgd8 #ElderCare #RealEstate #FamilyFirst #MoveCloser #decluttering #HomeSweetHome #Strongsville #Ohio #Realtor #GeorgeMastrosavas #HowardHanna 🏠❤️

Attention financial advisors , CPA's, elder care and estate attorneys. No longer the loan of last resort and with over 10,000 baby boomers retiring each day, now may be a great time for your clients to consider if a reverse mortgage may be right for them. This FHA insured mortgage product can be a tax-free financial lifeline to help seniors age in place to pay for in-home care, pay off high interest credit card debt, do much needed home renovations, or delay taking social security benefits until full retirement age while not having to tap into their retirement accounts. The line of credit with its growth rate (which is part of the reverse mortgage) can ease concerns about future cashflow. I can set up a Zoom meeting with your staff or discuss over the phone. Realtors, ask me about the Reverse For Purchase option as well. #reversemortgage #ageinplace #HECM #financialadvisors #eldercare

Are you over 40 and feeling trapped in the cycle of bad credit? 🔄 Frustrated by the constant "No" from banks and lenders when dreaming of your first home? 🏡💔 This Friday, we’re kicking off 'Buy Your First Home Friday,' where we dive into the real talk about breaking free from bad credit shackles and stepping onto the property ladder with confidence! 🗝️🔓 You've spent years renting, watching your money pour into someone else's pocket. You're ready for change, and so are we. It's not just about opening the door to your dream home; it's about opening a new chapter where financial stability isn't just a wish, but a reality. 🌟 Our team understands the struggles and battles you’ve faced. You’ve worked hard, juggled life’s curveballs, and now it's time for some wins. We believe in second chances and fresh beginnings. That's why our 'Buy Your First Home Friday' feature is crafted specifically with you in mind. We’ll provide you with actionable tips, fortified with expert advice, to repair your credit. We're talking about no-nonsense strategies that pave the way for that sweet "Approved" stamp on your mortgage application. ✔️📈 No more doubting. No more 'what ifs'. It's time to harness your determination, tap into resources that empower you, and finally embrace the pride of homeownership. Ready to transform your financial narrative and celebrate future 'Home Sweet Home' moments? Stay tuned this Friday for a future where your credit score doesn't dictate your life’s path. 🛣️ Join us. Let’s make the dream tangible, together. 🤝💼 #FirstTimeHomeBuyer #FinancialFreedom #CreditRepair #Over40 #Homeownership #NewBeginnings #Empowerment #RealEstate #PropertyLadder #FinanceTips #BreakTheCycle #MotivationFriday #LinkedInCommunity Your new beginning might just be a 'Buy Your First Home Friday' away! 👊🔑

I was reading an interesting article in the Financial reporter where the CEO of Vernon BS said.. But what I would say is that we are probably in a more normal interest rate environment now than we have been during the last 15 years, although if you’ve only been in the industry since post 2008 you’d be forgiven for thinking I’ve lost my mind, or worse! I do think that the regulatory interventions post 2008, have been very helpful in avoiding big problems in the mortgage market since rates began to rise from January 2022. We’re all ‘bound’ by these regulations (e.g. affordability guidelines) and brokers and mortgage advisers are really well placed to provide good advice to mortgage customers. My youngest son is 24 and currently looking for a first-time buyer property, and I personally wouldn’t put him off taking out a five-year fixed rate now, because of all the reasons why we know this makes sense. I think more than ever, this is a really important time and a great opportunity for professional brokers to help customers through the ‘noise’. There are a lot of ‘smart’ people who don’t ‘get’ mortgages and brokers have a huge role to play. I couldn't agree more, but its not always a popular opinion. #mortgageadviser https://lnkd.in/euUCxc5G

So excited to be a part of Divorce Magazine. The new issue is out. Career planning for a better future after divorce oftentimes means examining career goals. Will co parenting responsibilities fit with the current career? Will you need to take on an extra job to help pay bills? Will you need to start work after a long time of not working? Divorce doesn’t have to mean scarcity. There are lots of resources and support for people experiencing divorce and your new life can be one of abundance including new career goals. #careers #divorceadvice #careerplanning #careerplanningforabetterfuture

If you're a single woman trying to buy your first home, this should be encouraging. It means other people are making their dreams a reality – so you can too! 🦩 This is a longer message than I usually write and I feel compelled to share it with you because it's important. Does it surprise you that more single women than men buy homes? As a young woman I didn’t really think about homeownership and vaguely figured that eventually circumstances would change in my life and THAT’s when I’d buy a home. Owning a home seemed constraining. I wanted to be free! Who knew where I’d be in five years, much less two?! I think back to 2001 when I lived in Los Angeles and had come into the resources to buy, but didn’t. Buying a home just didn’t seem real and I had no concept of how to do it anyway. If I HAD bought, I could have ridden the bubble wave and at least tripled my money. Sure, the market went down, but it happened that I left LA in 2006 and so would have sold in time. If I hadn’t left and held on to the house, what I bought for $200,000 would be worth around $1.5M today. Years later I found myself here in Florida working as your favorite real estate agent. (It’s almost 14 years now!) I finally understood the buying process and felt it was ridiculous that as a real estate professional I didn’t own real estate. I was embarrassed (and honestly, a bit ashamed) and I felt that I needed to hide that I was a renter from my clients. I saw the incredible deals to be had, but I was scared. It felt like such a big financial responsibility and risk into the unknown, especially all by myself! Now I think back on all the opportunities I missed because of fear. I finally bought my home at the end of 2015 and man, am I glad I did! I also took the plunge and did a few flips. The first was terrifying, but when I got the first check from selling, I got over myself. LOL! I’ve had the pleasure of helping many single women buy their own homes. In particular, I feel so proud of the smart, young women taking control of their futures and building their wealth early. They have a very special place in my heart, especially since I fervently wish I had bought so many years earlier. I reflect on the hundreds of thousands in equity I could have built and the $300-400K (cringe) I wouldn’t have spent paying my landlords’ mortgages. I made the landlords rich instead of myself.