Hello, I'm Howard Frankel, a fellow senior who lives in Florida. Thank you for taking the time to visit my website. As a former investment advisor with a specialty in long-term care planning, I am impassioned to help others improve their quality of life, create peace of mind, and do what they can to plan for their future.
Having retired and found it to be boring and non-impactful, I now enjoy each and every day helping my clients address their specific financial concerns. While visiting my website, I hope you learn how a reverse mortgage can be an effective financial tool to give homeowners additional cash to live on using the equity in their home.
Having retired and found it to be boring and non-impactful, I now enjoy each and every day helping my clients address their specific financial concerns. While visiting my website, I hope you learn how a reverse mortgage can be an effective financial tool to give homeowners additional cash to live on using the equity in their home.
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A little about my background. I earned a Bachelor's of Finance from George Washington University in Washington, D.C., and have held a FINRA Series 7 and 66, as well as a Florida Life and Health License. As a former registered investment advisor before retiring and relocating to Southwest Florida, I enjoyed educating my clients on the importance of long-term care planning and helping them make informed decisions.
2. Be contacted about a mortgage at my phone number even if my phone number appears on a State or National Do Not Call Registry, or any other Do Not Contact List. This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA).
A Home Equity Conversion Mortgage (HECM) is the formal name of the federally-administered loan that many commonly refer to as the 'reverse mortgage' loan. The Home Equity Conversion Mortgage is administered by H.U.D. (The Department of Housing & Urban Development) and may help qualified homeowners 62 and older enhance their cash flow during retirement.
Do I have the financial resources to help my parents with their medical and living expenses?. What are my parents' wishes as to staying home if medical care is needed for an extended time? Will Mom and Dad use up my inheritance? While tapping into their home's value, your parents' home may appreciate in value, which could allow for some equity to be left at the end of the loan, but not always.
A reverse mortgage loan is not for everyone. We can provide detailed loan scenarios to you (with your client's permission) to help reach a decision that is aligned with the interest of all parties. We are upfront with all our clients about the advantages and disadvantages of a reverse mortgage. Proceeds received from a reverse mortgage typically do not affect Social Security or Medicare.
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