Deerfield Beach, FL (PRWEB) September 30, 2006
New Line Media is pleased to announce the selection of Live Well Financial for its innovative, educational television series, Today’s Family, airing nationally on the ABC Family Network. The organization will be featured in a segment on “Making the Most of Retirement” in our Senior Choices Series.
After retirement, many seniors want the security of knowing that they can cover their medical payments, long-term health care costs, home repairs, and debt repayment without the worry of how their bills are going to be paid. Today, there are more solutions than ever through a range of products and services offered through Live Well Financial.
A popular choice among many borrowers is the FHA's Home Equity Conversion Mortgage (HECM), a federally insured reverse mortgage for homeowners who are 62 or older. This financial tool allows borrowers to access the equity in their homes tax-free as a lump sum in cash, a guaranteed, lifetime monthly supplement to income, or a line of credit for easy access in the future. Basically, it works exactly the opposite from traditional mortgages since the borrower receives payments instead of making them.
The challenge reverse mortgages face today is a general lack of awareness or misconceptions about how the program works. Even though the program is growing at rate of over 83% a year, many seniors are still unaware of the existence of this program. Those who are familiar with reverse mortgages mistakenly believe they will be giving up or risk losing their home in exchange for access to their home equity. In this segment, Today’s Family, featuring Live Well Financial, will set the record straight and provide seniors with information that will allow them to make more informed decisions regarding their lifetime finances.
About Live Well Financial
Headquartered in Richmond, VA, Live Well Financial, Inc. is one of the largest providers of HECM reverse mortgages in the nation, with a broad range of products and expertise to help to create a lifetime income solution for individuals who are 62 and older.
For more information, visit http://www.LiveWellFinancial.com/ or Call Toll-Free 1-866-417-0646.
# # #