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Ron Meier, Mortgage Loan Originator with Bank of England Mortgage Discussing Reverse Mortgages, Interviewed on Colorado Real Estate Leaders Podcast

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Ron Meier, Mortgage Loan Originator with Bank of England Mortgage Discussing Reverse Mortgages, Interviewed on Colorado Real Estate Leaders Podcast

Published on July 15, 2022

Ron Meier discusses the benefits and risks of reverse mortgages.

Listen to the interview on the Business Innovators Radio Network:

https://businessinnovatorsradio.com/interview-with-ron-meier-mortgage-loan-originator-with-bank-of-england-mortgage-discussing-reverse-mortgages/

Ron explained, “Reverse mortgages are a special type of deferred-repayment-loans that allows senior homeowners to borrow against the equity in their home. Monthly payments are always optional – not required.  Reverse mortgages must be paid back when the borrower dies and the home is sold, or the borrower no longer lives in the house as their primary residence. Reverse mortgages can be a useful financial tool for seniors who need extra money to cover expenses such as medical bills or pay for home repairs. All reverse mortgage borrowers have the same obligation as any homeowner; they must pay annual property taxes, keep homeowner’s insurance in force, maintain their home and pay HOA fees if they live in a covenant community. Reverse mortgage interest rates are competitive with traditional mortgages. Reverse mortgages can have some downsides. For example, when a borrower chooses the ‘no monthly payment required’ option, the loan gets bigger over time. This means there may be fewer real estate assets to pass along to heirs. Another example is if a borrower failed to pay their homeowner obligations, a lender may decide to start a foreclosure since the property is collateral for the loan. Reverse mortgages can be helpful for some seniors, but it’s important to understand the risks before signing on the dotted line.”

When considering a reverse mortgage, people often make a few critical mistakes. Here are three of the most common:

1-Not understanding how a reverse mortgage works.

A reverse mortgage is a loan that allows senior homeowners to convert their home equity into cash. The loan is repaid when the borrower passes away and the property is sold, or the borrower no longer lives in the home as their primary residence. Reverse mortgages can be a helpful way to supplement your income in retirement, but it’s essential to understand how they work before taking one out.

2-Not Taking out a reverse mortgage early enough.

By the time homeowners turn age 62, most have built significant equity in their homes. By understanding how a reverse mortgage works, borrowers understand how they can create a “standby line of credit” inside the reverse mortgage loan that grows at the same interest rate as the loan. Since time is the key component of compounding interest, taking out a reverse mortgage early enables the line of credit funds to grow. This “bucket of money” could be just the solution to pay for future misfortunes or indulgences. Too many borrowers wait to use a reverse mortgage as a “last resort bailout” when they have run out of all other options.

3-Waiting too long to move out of the too-big, 2-story home

Many people do not realize that a reverse mortgage can be used to buy a house. By making a minimum borrower-paid investment of about 60% of the purchase price of a home, borrowers can move into a more appropriate, single-level home and enjoy NO required monthly payments for as long as they live in their new home. Most borrowers will use net proceeds from the sale of their departure home to fund the borrower-paid investment.

Reverse mortgages can be a helpful tool for seniors, but it’s important to get the facts about how this premium financial tool works for your unique situation. Take the time to understand how a reverse mortgage works and shop around for the best deal to make an informed decision that a reverse mortgage may be the right financial tool.

At Bank Of England Mortgage, they deliver outstanding products and the best service in the industry – which leaves them ahead of the competition in the eyes of borrowers. For instance, they provide competitive rates and have some of the industry’s most knowledgeable, professional loan officers. Because of their expertise, they can qualify more borrowers, identify their needs, and ensure that each person buys the loan that is right for them and their family.

Their Goal Is To Exceed Your Expectations. The combination of their excellent staff, superior operations, and devotion to customer service mean one thing to BOE Mortgage: They will not stop until they have exceeded their clients’ expectations.

About Ron Meier

Ron Meier has enjoyed a 35-year career in sales and sales management working in various industries as a top producing manufacturer’s representative, the U.S. Sales Manager for an international manufacturer and Division Sales Manager for two national homebuilders.

Ron is a real estate industry leader having held positions as Board Member, President and the current Education Committee Chair of the Builder Realty Council of Denver, a past Board Member of the Denver Homebuilder’s Association and a past Chair Person of the 55+ Housing Council. Ron has a long history as an Affiliate Member of several Denver-metro REALTOR® Associations.

Ron is a licensed Mortgage Loan Originator who brings experience and passion for helping homeowners, young and old, discovering the best mortgage financing choice to buy a home or stay in the home they are already living in.

Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan specialist. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who will help you understand the financing choices to make your homeownership dreams come true.

Learn More: https://www.boedenver.com/pages/about/bio.php?id=2341

NMLS # 1371657

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Wornel and Kellen Simpson Announce their Initiative: “Being Brilliant On The Basics”

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Wornel and Kellen Simpson Announce their Initiative: “Being Brilliant On The Basics”

Published on August 5, 2022

Wornel and Kellen serve their clients by Being Brilliant On The Basics: The simplicity of proven financial methods and strategies.

“The price one pays for pursuing any profession, or calling, is an intimate knowledge of its ugly side”- James Baldwin

Wornel and Kellen explained, “We view permanent life insurance as a strategy to take market dissatisfaction and make it work for you.  Financial markets perform erratically.  We have spent over forty years managing risk and preserving capital.  The appropriate life insurance policies can help preserve the assets you spend years accumulating.  Permanent life insurance policies have been designed with structural truths, rules, mathematical certainties, and conservative economic assumptions.  Why not utilize these large companies’ financial acumen and resources to help you reduce speculation and risk to a science? – THE RIGHT WAY.”

People should not take good fortune for granted.  It is easy to feel secure and over-confident when at the top of their game and have a substantial guaranteed income, and prospects for continued future cash flow appear promising.  This is when being “brilliant on the basics” is most important.

Simpson continued, “Beyond our levels of expertise, we provide access to a network of quality professionals and services; consolidation and simplification of financial matters; personal service that extends beyond finances; sophisticated, yet understandable investment strategies and strength of focus on long-term goals.”

Wornel and Kellen Simpson will provide open forums throughout year-end 2022 on utilizing life insurance products as protection vehicles and investment tools- THE RIGHT WAY.

About Wornel and Kellen Simpson

Wornel Simpson and Kellen Simpson are among the nation’s leading investment and insurance industry professionals with over four decades of experience.  They exhibit a unique approach to ascertaining 21st-century economic and generational trends and opportunities.

Wornel Simpson and Associates (wornelsimpson.com) was established in 1983 as a financial management firm.  In 2018, J. Clyde Management (jclydemgmt.com) was created to help develop the innovative ideas of entities seeking next-level business advice and direction.

Focusing on family and lifestyle advisory, Kellen and Wornel are committed to delivering responsible results through responsible actions.

Wornel Simpson (B.A.- Political Science, University of California-Davis) is a Registered Representative of FSC Securities Corporation and holds FINRA Series 7, 63, and 65 registrations.  He is registered in the states of CA, AZ, CO, FL, GA, IL, IN, KS, MD, NY, NC, VA and WA.  He is life licensed in CA, NV, FL and WA.  Kellen Simpson (B.A.- Communication Studies, Long Beach State University) is a licensed Life, Health and Accident Agent in CA and NC.

Learn more: wornelsimpson.com

[email protected]

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Jonathan P. Groth, Founder, and Owner of the Groth Law Firm, Interviewed on the Influential Entrepreneurs Podcast

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Jonathan P. Groth, Founder, and Owner of the Groth Law Firm, Interviewed on the Influential Entrepreneurs Podcast

Published on August 5, 2022

Jonathan P. Groth discusses how his law firm helps obtain justice for victims of personal injuries.

Listen to the interview on the Business Innovators Radio Network:

https://businessinnovatorsradio.com/interview-with-attorney-jonathan-p-groth-founder-and-owner-of-the-groth-law-firm/

Non-economic damages are often referred to as general damages and include pain and suffering, loss of companionship, inconvenience, and loss of consortium. General damages are usually available to those who suffer from long-term injuries sustained in an accident.

Punitive damages are only awarded to punish a defendant for grossly negligent or intentional actions. A drunk driver that causes an accident might have to pay punitive damages. Someone who kidnaps you with an intent to harm you might have to pay punitive damages in a civil lawsuit and any criminal penalties the criminal court might order.

Groth explained, “Your circumstances dictate what kind of damages you might collect in a personal injury lawsuit. Economic damages are often referred to as special ones, including those with a price attached. Special damages might include past and future medical costs, past and future lost wages, funeral and burial expenses, and replacement of personal property—including vehicles—damaged in the accident.”

People get injured in all types of situations, and many of those situations are the fault of another person or product. When someone or something else causes a person an injury, they are legally entitled to collect compensation for their medical bills and other inconveniences, depending on the circumstances of the accident. In fact, they could collect three types of damages: (1) economic, (2) non-economic, and (3) punitive. Of course, this depends on the type of injury and the defendant’s actions—the at-fault person or company.

That’s where the victim will need the help of a Wisconsin personal injury lawyer like the Groth Law Firm. Based in Milwaukee, they can help determine who may have contributed to a person’s injuries and seek compensation on their behalf.

Client Christine from Fond Du Lac, Wisconsin says: “Thank you Attorney Jonathan Groth, I sure appreciate the settlement you were able to get me for our snowmobile accident. You were very helpful, friendly, and efficient on getting us the information we needed. I am glad and proud that I chose you and your team to represent me!!! Thank you from the bottom of my heart!”

About Jonathan P. Groth

Groth Law helps injured victims locally with its car crash and “single event” practice. Internationally, Groth Law helps victims suffering injuries from Vaccine Administration in the U.S. Court of Federal Claims. In all regards, Mr. Groth devotes his time and resources to helping innocent accident victims, and their families find the justice they seek after suffering an injury or loss caused by another party’s negligence or wrongdoing.

Handling all types of personal injury and wrongful death claims, Mr. Groth advocates strongly on behalf of those adversely affected by automobile and motorcycle accidents, trucking accidents, defective products, dangerous property conditions, animal attacks, nursing home abuse, and bicycle and pedestrian accidents. Throughout the course of his career, he has recovered millions of dollars on behalf of those he serves, earning his membership to both the Million Dollar Advocates Forum and the Multi-Million Dollar Advocates Forum alongside being named a Rising Star, a SuperLawyer, receiving a superb 10 on Avvo, and being named one of the Top 100 Trial Lawyers in Wisconsin by the National Trial Lawyers Association.

Jon is active in the legal community, teaching other attorneys about the intricacies of personal injury law. He’s a member of the American Bar Association, State Bar of Wisconsin, and the American Association of Justice.

Besides being a personal injury attorney, Jon has taught at Cardinal Stritch University and is a father to three kids. When there’s a spare moment to be had, Jon indulges in outdoor activities such and running or skiing, and he and his wife often volunteer at church, coach sports and drive the “Groth taxi” for their boys.

Learn More: https://grothlawfirm.com/

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Elephant in the Room: The “Colorado Real Estate Leaders” Podcast Builds Community in the Midst of the Hard Market

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Elephant in the Room: The “Colorado Real Estate Leaders” Podcast Builds Community in the Midst of the Hard Market

Published on August 4, 2022

The Colorado Real Estate Leaders Podcast builds community in the midst of the challenging market. Real Estate professionals find support in the community soundwave resounding all over Spotify, Audible, Pandora, Apple Podcasts, and other major platforms.

In especially difficult economic times, The Colorado Real Estate Leaders Podcast provides a nuanced talk-space for members of the real estate field to connect through the power of conversation. Trailstone Insurance Group produces Colorado Real Estate Leaders Podcast to create a sense of community, and many guests on the show are not afraid to address the elephant in the room—rising interest rates and the current state of our market.

So far, the show has featured professionals like James Rangel, a veteran relator who survived the previous housing crisis; and Terra Schrader, a brand-new loan officer with ambitious marketing schemes. Just to name a couple.

‘The idea is to bring the Real Estate Community together through different voices, perspectives, and stories, especially during trying times. We are, after all, like a massive professional network of a family,” explains Lauren Hendrick, the podcast producer and marketing director at Trailstone Insurance Group. “I know from experience that the stories of your colleagues can provide insight, inspiration, and motivation! Whether you’re a real estate agent, loan officer, or other professional, you can find your people AND your own voice.”


Listen to the Colorado Real Estate Leaders Podcast:

Hendrick continued, “Want to bring your voice into the discussion? To land your own interview, apply here:” https://lnkd.in/gNxcwdUQ

The Colorado Real Estate Leaders Podcast is sponsored by Trailstone Insurance Group, an independent insurance agent representing multiple insurance companies, which sets them apart from corporations that are limited to one. Because they are not locked into just one insurance company, the best options for coverage and the best pricing are available. Having access to over 40 insurance companies means when rates go up with one company, Trailstone can move their clients’ insurance to a better and more customized option…in fact, they have an entire department in their agency focused on just renewals and finding the best coverages! There is no charge to use their service; the insurance carriers pay them.

Dave Ramsey has endorsed Trailstone Insurance Group. Hendrick commented, “It took us years to pass Dave’s vetting process. We had to prove to Dave’s team that we have the ‘Heart of a Teacher’ in our selling approach with our clients. This means we put your needs first before ours or the insurance carriers. Insurance agencies cannot purchase Dave’s endorsement; it must be earned. To ensure we are continually improving, Dave’s team does monthly training with the leadership here at Trailstone Insurance and asks for feedback directly from our customers.”

Learn More: https://trailstoneinsurancegroup.com/

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