Wednesday, March 3, 2010

Wednesday, March 17: Reverse Mortgage Information Available at the Library

If you are a homeowner age 62 years or older, the Racine Public Library, 75 Seventh St., 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 Library will host a seminar on Wednesday, March 17, at 10:30 am in the Library's Lee room. The program will be presented by Dan Scerpella, a Reverse Mortgage Consultant for MetLife Bank.

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. The program is free and open to the public. Advanced registration is appreciated. Call 262.636.9217 to reserve a spot.

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