Mortgage Blog

Don't make this gigantic Social Security mistake - CNBC Article

June 9th, 2016 | Social Security, Seniors, Reverse Mortgage, Retirement Planning, supplemental retirement income, HECM Reverse Mortgage

Terrific article that takes into account Social Security and waiting to maximize your benefits as a cost effective form of longevity insurance. Given people are living much longer than expected, this is an innovative approach aimed at maximizing benefits that should grab the public’s attention. A HECM Reverse Mortgage can help those with mortgages and debts with decreased payments and more available funds for living expenses, and in some cases additional supplementary income, to help achieve this strategy. As noted in the article, it is the clearly the cheapest form of a true guarantee available.

For the full cnbc article - click here


George H. Omilan
President-CEO - NMLS# 873983
Jefferson Mortgage Group LLC
Helping seniors with Reverse Mortgages in Virginia, Maryland, DC and Pennsylvania.

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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
FAX: 703-773-6946
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 


Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.