Homeowners age 55 and older are invited to attend a free educational seminar with Marina Watts, loan officer, focused on understanding how home equity can be used as a financial tool to support comfort, flexibility, and long-term planning.

The seminar will take place on Wednesday, May 18th at 1:00 p.m. – 2:30 p.m. at The Carmel Foundation in the Seideneck Room at the southeast corner of 8th Street and Lincoln Avenue, Carmel-by-the-Sea.

Designed to be informative and easy to understand, the presentation will explore how homeowners age 55+ can responsibly use the equity they have built in their homes to help simplify their lives, improve cash flow, and support changing needs during retirement. This educational seminar offers attendees the opportunity to learn about options available to them and ask questions in a relaxed setting.

This free seminar is open to members of The Carmel Foundation. Non-members are welcome to attend as guests. All attendees must register in advance.

Registration Information:
To reserve a seat, call 831-624-1588.

Space may be limited, and early registration is encouraged.

More information about the talk:

People are living longer than ever, but the big question is: is their retirement savings enough? Marina will cover the options available to older homeowners who would like to access their home equity for increased cash flow, health care costs, or home improvements to age in place. She will discuss the differences between and pros and cons of Equity Lines of Credit (HELOC) and Home Equity Conversion Mortgages (HECM) and proprietary (aka “jumbo”) reverse mortgages. Her goal is to educate older homeowners on their options and take the mystery out of reverse mortgages and home equity lines of credit. In her informative PowerPoint presentation, Marina Watts will share valuable current information for attendees that includes:

· How can homeowners age 55 and over improve their retirement and quality of life by obtaining a FHA Home Equity Conversion Mortgage (HECM) or a proprietary Jumbo Reverse Mortgage?

· What are the pros and cons of a Home Equity Conversion Mortgage (HECM) or a Jumbo Reverse Mortgage?

· What are the differences between a Home Equity Line of Credit and a Home Equity Conversion Mortgage?

· Who qualifies for a Reverse Mortgage and how much money can you get?

· How do these loans help improve cash flow during retirement?

· Are there any restrictions in using these funds for health care costs, home improvements and more?

· How will these loans affect adult children and other heirs?

About Marina Watts, Loan Officer, NMLS#1458297

Marina Watts is a “reverse only” loan officer specializing in reverse mortgages for ten years in the Bay Area. She is a branch manager with Hightechlending, Inc., a top ten reverse mortgage lender in the U.S. Marina works exclusively with homeowners 55+ to help them use their home equity to improve cash flow and quality of life during retirement. Over the past decade, she has helped hundreds of seniors throughout Monterey and Santa Cruz Counties, and the Greater Bay Area access their home equity. She has also given dozens of educational talks about this topic throughout California: https://conta.cc/46Nl9FM.

To schedule a presentation with Marina Watts, please contact Wendy Brickman at Wendybrickman@gmail.com or call (831) 594-1500.