Is a Reverse Mortgage Right for You? with Michael Banner (Ep. 7)
What can reverse mortgages reveal about financial security during retirement?
Carol Chiarito welcomes Michael Banner, a seasoned professional in reverse mortgages, to unravel their intricacies and role in enhancing retirement plans. Michael shares his compelling personal journey into the reverse mortgage industry and how this financial tool has significantly evolved over the years.
They also discuss how reverse mortgages can transform home equity into a steady growth opportunity and debunk myths surrounding their use.
Tune in and learn how to use home equity as an asset and how reverse mortgages can support quality of life!
Join Carol and Michael as they discuss:
- Understanding how reverse mortgages work today
- How using reverse mortgages can enhance retirement living
- The benefits of home equity growth through reverse mortgages
- Purchasing a new home with a reverse mortgage
- Exploring the podcast “62 Who Knew” and living longer, happier lives
- And more!
Resources:
Connect with Carol Chiarito:
- LinkedIn: Carol Chiarito
- 719-545-5777
- jubilage@crbydesign.com
- Chiarito’s Retirement by Design, Home of JubilAge
Connect with Michael Banner:
About Our Guest:
Michael Banner has been a mortgage broker/banker in Florida for the past 40+ years. Self-employed for the majority of his career, Michael founded the largest for-sale-by-owner mortgage company in the nation in 1995.
From 2002-2005 Michael was the National Sales Manager of Real Estate Mortgage Network. A New Jersey-based mortgage banking company he operated out of Florida building a national branch network.
Michael left REMN late in 2005 and formed LoanWell America, INC, specializing in the emerging reverse mortgage market.
In 2006, he founded the American C.E. Institute, LLC, which grew into one of the largest reverse mortgage education platforms in the nation. Michael then joined Security One Lending in December 2011 as their National Education Director.
He formed Professional Mortgage Alliance, LLC in January 2015 which grew into a multi-licensed mortgage brokerage operation in 5 states.
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