Doing Good and Doing Well
Employing reverse mortgages and gift annuities can help planned-giving officers guide elderly donors into mutually beneficial arrangements.
How does a motivated donor convert the equity in his home into cash without selling or leveraging it? By “reversing” the mortgage process with guidance from the planned-giving officers. Due to the inability of many seniors to qualify for conventional financing, a RM almost becomes necessary to complete this transaction. With this in mind, let’s have our planned-giving officer guide a qualified donor through the process.
- People:
- Steffan F. Cress
- Places:
- Tampa, Fla.
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