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Homeowners waking up to better retirement options through reverse mortgages

 

January 17, 2018

Carl Self, senior mortgage adviser for Fairway Independent Mortgage Corp., is helping retirees turn their home equity into cash and investment opportunities through reverse mortgages.

Carl Self’s father worked until the day he died. Financially, he simply could not have survived on his Social Security alone; in fact, if it wasn’t for his VA health benefits, he would have been in even worse shape.

It didn’t have to be that way. He owned a home with a lot of equity sitting in it, untouched. He was equity rich, but cash poor.

Self, a senior mortgage adviser for Fairway Independent Mortgage Corp. in Bothell, was just learning about reverse mortgages, and began working on one for his father when the elder Self passed away.

That’s part of the reason Carl Self has gr...



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