Chris Beard
Free
Reverse Mortgage Expert
Chris Beard Quick Facts
- Main Areas
- Reverse Mortgage Financial Planning
- Career Focus
- Financial Services - Lender
- Affiliation
- iReverse LLC Nationwide Lender
Chris Beard has worked on advising consumers in the Tampa Bay market in the Financial Services for about 13 + Years. He was born and raised in Alabama and graduated with a business degree from Aubu University.
Prior to finding his niche in the reverse mortgage industry he was an insurance wholesaler and financial advisor.
Independence and experience in marketing led Chris in 2005 to establish Genesis Home Mortgage Inc. During that time he gained extensive knowledge working in all facets of the industry so as to better educate his clients and serve their needs.
I combined this knowledge to specialize in Reverse Mortgage Advising- For seniors, age 62 or older, to stay in their homes and to enjoy financial stability with the FHA regulated Home Equity Conversion Mortgage (HECM). I would like to develop referral partnerships with bankers, financial planners, insurance agents, elder care atto eys, CPA's and real estate agents to discuss how a reverse mortgage can be an excellent financial planning tool for seniors who qualify and have a need.
Licenses:
SAFE Mortgage Broker Licensed- NMLS# 353274
REALTOR® Real Estate
2-20 General Lines Property & Casualty
2-10 Title Insurance
2-15 Life Health and Variable Annuities
Series 6
Free Articles & Book Excerpts
Articles by this expert
SelfGrowth articles and saved writing connected to this expert.
Article
Why Whole Life May be a Better Choice for Seniors over Term Life
Seniors who have yet to put insurance into their retirement plan may find that a small amounts of whole life is the best option for protecting a spouse or providing final expenses after they are gone. While many people may have already purchased some form of term policy for the protection of a spouse or children much earlier in life, some may find that have little or no protection that will continue until they are older and provide a benefit for their spouse long after a term policy would have terminated.
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Are Reverse Mortgage’s Gaining Momentum as a Financial Planning Tool?
When reverse mortgages were first introduced back in 1961 they were initially designed for cash strapped seniors to tap into home equity to supplement retirement income and many still continue in this philosophy. However, Realtors, Elder Care Atto eys and even Financial Planners are endorsing the reverse mortgage for retirees as a forward thinking financial planning tool. For many seniors the deep-rooted idea was that choosing a reverse mortgage should only be a last resort option to fund monthly income after all other resources have been exhausted.
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Are Reverse Mortgages Safe?
The first reverse mortgage was offered by Deering Savings & Loan of Maine in 1961 to a woman named Nellie Young the wife of the loan officer’s deceased football coach. Reverse Mortgages gained widespread recognition in 1988 when HUD administered and FHA Federal Housing Authority with the guidance of AARP and established the program to assist senior homeowners aged 62 to access a percentage of their home equity to provide a resource for retirement. Since that time many compliance resources, education, books, guides and videos have been created to create consumer safeguards.r
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How Does a Reverse Mortgage Work, and Can I Qualify?
There are a few requirements that need to be met, when someone is thinking about a reverse mortgage. This type of financial arrangement can help a senior come up with some extra monthly income. If you are wondering what the requirements are for the process, then you may want to find out how to qualify for the program. How can I qualify for a reverse mortgage what is the process? This may be a question that you have been reviewing.. Find out what you need to do to get approved.
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Paying For Senior HealthCare Today, What Are Your Options?
According to a 2010 survey completed by MetLife Market found that the chief conce was about having enough steady income and reserves to cover expenses at retirement and the cost of senior health care, as reported by 32% of respondents surveyed. This is regardless of whether they plan to retire earlier, later, or the same time as expected. The Statistics are Alarming rnï¼ 1 in 3 Chance that a senior will enter a nursing homernï¼ 1 in 10 Chance that an individual 55+ has long term care insurancer
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Article
15 Reverse Mortgage Myths Revealed
While reverse mortgage loans are becoming more popular there are still a number of fallacies about them that need to be cleared up. These misapprehensions are not the only ones you will find. The ones listed in this article however are the most prevalent. This article will focus on clearing up the top 15 reverse mortgage myths. 1. The bank assumes ownership of the property. This is one of the biggest myths around. Reverse mortgages are loans. Like all other loans the borrower retains possession of the properties title.r
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Advantages and Disadvantages of Reverse Mortgages for Seniors
A reverse mortgage funding senior’s retirement can be an excellent way to supplement a retirement plan. Advisors are able to meet with seniors and determine the most effective plan of action and which plan may be right for the seniors to fund the retirement years. The knowledge and education about these loans have become more prevalent however there are still many who may still not clearly understand the advantages of the reverse mortgage and for some there are also a few disadvantages that are markedly misunderstood. Advantages of the Reverse Mortgager
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Article
Seniors Likely to Use Home Equity to fund Retirement with Reverse Mortgage in Coming Years
Census and aging reports indicate the population of American’s turning 65 has begun as of 2011 and will continue to skyrocket well into 2030. These baby boomers control approximately 77% of this nation’s wealth and much of this is in the form of home equity. This explosion is likely to wreak havoc on the Medicare and Medicaid Programs as many seniors’ pensions and SSI will not be sufficient to support retirement and potential long term health care cost.
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Contacting Chris Beard
Christopher D. Beard | NMLS # 353274
Mobile: 813-857-1254 | Toll Free: 866-684-7868
cbeard@ireverse.com
Contact@GoLocalReverseMortgage.com
www.GoLocalReverseMortgage.com
www.linkedin.com/in/christopherbeard