Old St. Joe’s Elder Community and Penn’s Village are collaborating to bring you information on this topic of critical interest to older adults and to those that care about them.
Many of us wonder whether converting a portion of the equity in our home into cash is a safe and wise option for ourselves or our parents.
Greg McDermott, now with Trident Mortgage Company, has been working with seniors for twelve years evaluating this option for a more comfortable retirement.
He will help us understand what a Home Equity Conversion Mortgage really is, how we can protect ourselves by selecting government - regulated and insured programs, and compare these mortgages with alternatives such as reverse mortgages and lines of credit.
We will meet in Barbelin Hall at Old St Joe’s, located at 324 Willings Alley, South of Walnut Street on South 4th Street. For more detailed directions visit http://oldstjoseph.org/blog/contact-us/directions-to-osj/ . We regret that this venue is not handicapped-accessible.
All are welcome. Please RSVP by emailing firstname.lastname@example.org or by calling 215 925 7333.