Last month “The Donald” turned 62 years young which means he is now eligible for a reverse mortgage. Mr. Trump is known for using leverage to finance his buildings so I figure a reverse mortgage could be perfect for him. Some of you are probably saying, why would Donald Trump ever need a reverse mortgage? I don’t think he NEEDS a reverse mortgage but I think he fits into a certain demographic of baby boomers that might want to use a reverse mortgage to fund a lifestyle or another home/condo.
Does this mean that we will see Donald Trump commercials promoting reverse mortgages? Probably not, but he does own a mortgage company… If you head over to Trump Financial you will find that they are offering reverse mortgages.