With many consumers still struggling in today’s economy, it is important to remember that there are oftentimes financial options available to those who take the time to research them.
As more Americans have trouble putting money away for retirement and/or keeping up with financial responsibilities in their senior citizen years, it is critical that individuals not leave any stone unturned when it comes to finding the best financial means to enjoy their later years.
So, what are you doing to enjoy and prosper in life? Are you exhausting all your financial options so that you can live comfortably?
Value of Your Home
One area that consumers can oftentimes overlook when it comes to their financial needs is their home.
Face it; your home can serve you as a great financial tool. Along the way, social media is a great vehicle to drive you to more information on just how your residence can be your best friend.
One of those options not to overlook is how to qualify for a reverse mortgage.
With a reverse mortgage, consumers can turn home equity into money and skip the need to worry over payments. When an individual or couple takes out a reverse mortgage, they can remain in their residences payment-free up to the time they determine it is time to sell the home or they die.
That said it is important for consumers to note that reverse mortgages do require them to meet a number of qualifications.
Among them:
- The individual and any co-borrowers have to be at minimum 62 years old;
- The home is required to be one’s primary residence (not a residence they only live in from time to time, i.e. vacation home;
- The home has to be owned outright or paid off to the level where the reverse mortgage may be used to take care of the current loan;
- The home has to be in good repair and not require unlimited work;
- The individual or couple must be void of any delinquent financial obligations. This can include one’s income taxes to federally-backed loans of other sorts.
Value of Social Media
While this may all sound good to you, there is likely the question of how one can go about getting more information regarding reverse mortgages.
Among the best ways to do this is of course doing some online research, notably using social media.
With reverse mortgages being a popular financial vehicle, many companies who specialize in such offers are becoming more and more prevalent on social networking sites.
If you are a tad uncertain of how to locate these companies on social media, be sure to look for:
- Facebook, Twitter, Google+, Pinterest and other pages of reverse mortgage companies;
- Look to see how often they post on their respective social pages. If they do it regularly, you can assume they are knowledgeable of the benefits of social media, including interacting with consumers (see more below). If they post infrequently, they may be a little slow too when it comes to customer service initiatives;
- See how they interact with consumers. If they respond in a prompt manner, that is a good sign. Do they provide relevant information and/or respond to consumer questions or are they just trying to pitch you a sale? Hopefully it is the former;
- Do they include videos with their social postings? Using videos is a great means to explain how reverse mortgages work, including the step-by-step process.
As more Americans deal with financial challenges and how to get the best quality of life at the right price, reverse mortgages can be a benefit to many.
Turning to social media to learn more about them and the companies who offer such products is definitely a win-win for provider and customer.
Photo credit: Image courtesy of Stuart Miles at FreeDigitalPhotos.net
from Darlene Milligan http://ift.tt/1IpNOhq via great digital marketing blog
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