Industry expert Robert Tranchell will lead a seminar on strategies for using reverse mortgages in retirement planning on Friday, January 20, 1pm, at Founders Hall. According to Tranchell, the Home Equity Conversion Mortgage (HECM), a type of reverse mortgage that is backed by the Department of Housing and Urban Development, has undergone significant changes in the last few years due to refined regulations. “This reverse mortgage now stands as one of the most secure and responsible loans available, and has great value in retirement planning,” says Tranchell. In the seminar, he will explore strategies for using a HECM to increase income, prolong portfolios, control mortgage payments, and allow for liquidity when moving.
Tranchell is a senior vice-president with The Federal Savings Bank, a veteran-owned, federally chartered bank with a focus on educating customers about the mortgage process. He has worked exclusively in the HECM industry for the past 12 years.
This seminar is free and open to the public. Founders Hall, a donor-supported education and recreation center for people age 60 and older, is located at 193 Danbury Road in Ridgefield, CT. For more information, call 203.431.7000.