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The Reverse Mortgage Quiz


If you are a homeowner who is 62 or older, and have considered getting a reverse mortgage, the Reverse Mortgage Quiz can help you think about what is important to you, and whether a reverse mortgage may help you maintain a better quality of life.

Since reverse mortgages are only one small part of a comprehensive long-term retirement plan, this quiz cannot address all of the answers that you need, but it can be a fundamental, thought provoking starting point to making proactive decisions about your financial future, your independence, and your quality of life.

  YesNo
1.Do you feel that your financial situation empowers you to freely choose how you wish to live your life?
2. Do you have the enough money to do the basic things you most enjoy in life?
3. Are you able to pay for medical bills, prescription drugs or other medical care without difficulty or worry?
4. Are you able to pay your property taxes and homeowners insurance each year without difficulty or worry?
5. Do you have the funds to pay for ongoing home maintenance and repairs?
6. Are you completely independent of financial or physical assistance from your family and friends?
7. Do you feel that you will be able to live in your home independently both financially and physically as long as you wish?
8. Would you be able to pay for modifications to your home if necessary to accommodate your physical needs as you age?
9. Do you have adequate liquid funds for estate planning strategies, long-term care insurance and/or legal matters?
10. Do you have the freedom and the money to travel to see family or to visit places you’ve always wanted to see?
  Totals:

If you have answered “NO” to one or more of the above questions, a reverse mortgage may be able to help you maintain the things that are most important in your life.

If you would like more information about how a reverse mortgage works, or how it might specifically help you achieve your personal goals, contact a 1st Financial Reverse Mortgage Specialist at 1-800-720-7003.

 

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First Financial Mortgage Corporation - Specializing in Michigan reverse mortgages and Florida reverse mortgages.
Our reverse mortgage lenders help seniors convert home equity into cash for retirement, medical bills, travel, healthcare,
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