Monday, January 11, 2010

Library Offers Free Reverse Mortgage Seminar

If you are a homeowner age 62 years or older, the Racine Public Library has an opportunity for you to meet with a trained and certified reverse mortgage consultant to learn how to convert the equity in your home into tax-free proceeds. The Racine Public Library, located at 75 Seventh St., will host two seminars Tuesday, January 12 and Thursday, January 14 at 10:30 am in the Library's Lee room. The programs will be presented by Dan Scerpella, a Reverse Mortgage Consultant for MetLife Bank. Space is limited for these free seminars; registration is recommended. To reserve a seat, contact the Racine Public Library at 262.636.9217.

Reverse Mortgages are a relatively new financial planning tool and many people have questions about the advantages and disadvantages, associated costs, and how the process works. Your reverse mortgage proceeds can be used to eliminate your existing mortgage, meet daily or monthly expenses, cover healthcare expenses, remodel or repair your home, and reduce credit card debt, among others. This educational talk will answer many common questions and can help you determine if this tool is right for you.

Dan Scerpella is the MetLife Reverse Mortgage Consultant for Southeastern Wisconsin. He is a lifelong resident of Wisconsin and has been involved in banking and lending for 18 years.

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