ORIGINALLY POSTED JULY 2022 - As the second-largest generation in history, Baby Boomers have spent their entire lives shaping and shifting the marketplace. We have experienced a boomer boom in our business lately, as more folks in this age range (58-76) reach out to us for advice while facing major life changes.
Several recent blog posts such as “Yo Mama Is So Important” & “19 Is Your New Favorite Number” have touched on topics pertaining to this growing trend, and more clients than ever are inquiring about our reverse mortgage services! Specifically, we have helped recent boomer clients:
Move to a new area to be closer to their adult children
Pull cash out to finance a major purchase rather than sell taxable assets
Obtain a reverse mortgage to help with retirement planning
Many of our clients know we are a one-stop-shop to help you buy, sell & finance homes. But some overlook the fact that we also offer REVERSE MORTGAGES. Already this year, our team has completed more reverse mortgages than in all of the previous three years combined!
These loans are growing in popularity among baby boomers, and for good reason. A reverse mortgage allows a client 62 & up to retain ownership of their home, provide access to pent-up equity, and have monthly mortgage-payment relief. We are experts in these programs, and can discuss the pros & cons with you or a loved one. We will be posting again soon with more details about how we can help clients looking for a reverse mortgage.
The Blue Waters Group is designed to help homeowners of all ages, but we are perfectly suited to serve the diverse needs of Baby Boomers. As retirement approaches, it is common to reconsider how you spend your time & money.
Some may decide they want a smaller house or move closer to the grandkids. Others want to free up their hard-earned equity through a reverse mortgage. And even those who choose to not change things up still may look to help their kids or grandkids achieve home ownership by steering them to a trusted real estate professional (that’s us!). No matter the need, our firm is suited to serve you, your friends, your family, and your colleagues with ALL home buying, selling & financing needs.