Positive Local Reverse Mortgage Media Coverage

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Local news channel KHON 2 ran a segment on how reverse mortgages are helping to improve the lives of seniors in Honolulu. As more baby boomers in Hawaii reach retirement age, they may find that their fixed income is not enough to take care of their lifestyle said KHON.

Rosanne Augustin, a local reverse mortgage consultant said there are some myths about reverse mortgages.  For instance, you do not give up title to your home.

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“You can never be forced to leave your home, you can use the funds to pay off your existing mortgage, that’s one of the big things right now. You can also use the funds to pay health care expenses, medical expenses,” said Augustin.

Or, you may want to use that cash to help your adult children purchase their own home – or help grandchildren with college tuition. But you may just need money to simply get by.  “For a lot of people, social security, their fixed income is just not going to cut it. Real property taxes go up, gas prices go up so they use that to supplement whatever income they have right now,” said Augustin.

I wasn’t able to embed the video, so check out the link below for some positive local reverse mortgage coverage.

Dollars & Sense: Reverse mortgages

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  • Wow, there was so much wrong with this segment, it was hard to take. The good thing about the segment was it had a very positive tone.

    While I liked the originator, the attitude, and the overall delivery, the message was full of myths. It almost seemed like a game of how much can an originator get wrong in less than 2 minutes. The reporter did a fairly good job but it was interesting to hear that we have a new government agency insuring reverse mortgages – the Federal Housing Authority.

  • Wow, there was so much wrong with this segment, it was hard to take. The good thing about the segment was it had a very positive tone. rnrnWhile I liked the originator, the attitude, and the overall delivery, the message was full of myths. It almost seemed like a game of how much can an originator get wrong in less than 2 minutes. The reporter did a fairly good job but it was interesting to hear that we have a new government agency insuring reverse mortgages u2013 the Federal Housing Authority. rn

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