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In this episode, we ask:
- Do you have a visceral reaction to certain words?
- Who is Tim Foor?
- How did Tim become a loan officer?
- Would you like to hear Episode 157?
- Does Tim own Bank on Yourself® type life insurance policies?
- What does Tim think about Bank on Yourself®?
- What about mixing Bank on Yourself® type whole life policies and mortgage strategies?
- How does Tim help activate home equity towards the client’s advantage?
- What has happened to home values?
- What about a tax free money vehicle?
- How many tax free instruments can you count?
- What about about a cash out refinance?
- What is the history reverse mortgage?
- What is a HECM loan?
- What is a home equity conversion mortgage?
- What is a principal limit?
- How does your age factor into accessing the equity in your home?
- What about social security “not cutting it”?
- What about future proofing a house?
- What about people on a fixed income?
- Why do people have a negative connotation and stigma toward the reverse mortgage?
- What are the renovations on the reverse mortgage?
- What about the mandatory counseling for reverse mortgage?
- What about red tape and fees?
- Isn’t the reverse mortgage just for those in poverty?
- What happens when ultra high net worth individuals take reverse mortgages?
- What about the jumbo reverse mortgage?
- What about fees and closing costs?
- What is a non-recourse loan?
- Is there a way to be underwater on a reverse mortgage?
- What about the family having the first right of refusal?
- Does the bank want to own the home?
- What are the options upon death?
- What about Henry Ford?
- Where did the obsession toward paying off the house come from?
- What is line growth?
- What happens if the housing market tanks?
- Would you like to work with Tim at 866-888-7902?
- Would you like to reach out to PRMI in Wooster, Ohio?
- What are the takeaways?
- Would you like to hear Episode 199?
- Would you like to meet with Mark?
Tim Foor has been in the mortgage business since 2012 after several years in the education and coaching fields. Tim takes a holistic approach to mortgage lending with a focus on strategic equity management. Tim also works with the sales team to ensure efficiency in the loan process. He is a 2007 graduate of Walsh University with deep ties to his hometown of Defiance, OH. He currently resides in Akron, Ohio with his wife, Monica, and daughters, Alison and Cameron.