Reverse Mortgages with Bob Tranchell of The Federal Savings Bank

Chris and Jeff open with an outline of the show and promote our upcoming live show on Saturday, April 22 with Marcia Mantell, who is a social security expert and owner of Mantell Retirement Consulting.

We are then joined by Senior Vice President of The Federal Savings Bank, Bob Tranchell. Bob is a reverse mortgage expert and explains to us the benefits of using a reverse mortgage, factors that determine the amount of money to lend, differences in various home mortgages, and differences between his firm and others. The group discusses scenarios and instances where a depletion of resources to home owners who lose spouses affects their living and how and when a reverse mortgage can be beneficial.