Reverse Mortgages in New York Done by Wayne Bodow for FirstBank

A reverse mortgage is a unique tool designed for seniors who are age 62 and older. It allows qualified homeowners to access part of the equity in their homes as well as the freedom and comfort of the home they have known for so many years. Continue reading →

Dec 22, 2015 /prREACH/ -- Wayne is an expert Reverse Mortgage Specialist who has worked in the reverse mortgage industry since 2006.  He now works as a Reverse Mortgage Specialist for FirstBank in New York City.  Before moving into the reverse mortgage field, Wayne practiced law in New York State for over 30 years.  During his time working in law he specialized in consumer bankruptcy and estate planning, but feels he is in the best place to help others now.

Wayne takes great pleasure in working directly with retirees to help them fund longevity.  He is great at resolving difficult issues his clients may be facing in order to enable them to Age in Place or increase the probability that they will not outlive their retirement assets.  Wayne has published articles and provided CLE programs for attorneys on Reverse Mortgages.  He works closely with Financial Planners, CPAs, Attorneys and Credit Unions to help his clients come up with the best financial solutions for their retirement as possible.

A reverse mortgage is a unique tool designed for seniors who are age 62 and older.  It allows qualified homeowners to access part of the equity in their homes as well as the freedom and comfort of the home they have known for so many years.  Reverse mortgage borrowers are able to retain ownership of and the title to their home and they benefit from the equity have has been building in that home for years.  FirstBank added its Reverse Mortgage Division in 2011 and has been helping improve the quality of life of people in retirement in 49 states.

FirstBank is a 107-year-old FDIC insured bank.  It is a long-standing member of the Better Business Bureau where it holds an A+ rating.  FirstBank is also a subscribing member of the National Reverse Mortgage Lenders Association (NRMLA), and an approved direct lender with the US Department of Housing and Urban Development (HUD).