California Reverse Mortgages by your Sacramento Reverse Mortgage Provider


The Consumer Financial Protection Bureau last Friday released a guide for seniors and others in the process of choosing a financial adviser, warning that similar to planning for retirement, it can be much more challenging than it sounds.

The “Know your financial adviser” guide helps consumers ask the right questions when shopping around to ensure the person they select is qualified.
Just because someone calls themselves a senior adviser doesn’t mean they know anything about reverse mortgages or Social Security Benefits or even retirement planning in general.

Maybe they have an insurance license or securities registration, but a single license does not guarantee a professional is equipped to advise every consumer, or those with specific needs.

When evaluating a financial adviser’s title or credentials, consumers are advised to think about how much training went into obtaining that title and whether or not the adviser has been qualified through a training program that holds its members to strict ethical standards. I just finished 27 hours of my required continuing education for my IRS Enrolled Agent License and 8 hours for my Mortgage Originator License. These along with my Securities Registrations, Insurance license, Real Estate License and Investment Advisor Representative Registration along with over 35 years in the financial services industry make me uniquely qualified to assist seniors in determining if a reverse mortgage is right for them.

The CFPB tells seniors to find out if the adviser has background and experience in working with specialized groups, like retirees, that is the main focus of my business and has been for over 20 years.

“Most financial advisers have worked hard to earn the knowledge and skills required to help you. But credentials and promises alone don’t guarantee expertise or the quality of someone’s training,” says the blog post. “It’s up to you to look closely at the training, background, and quality of service when picking someone who promises to help you protect and grow your well-earned nest egg.”

If you or someone you know is considering getting a California Reverse Mortgage, consider using me as your Sacramento Reverse Mortgage Lender, I do have the experience and knowledge.

Jeffrey Bangerter
NMLS# 18361