National trade association honors Haber at annual conference in San Francisco
The National Reverse Mortgage Lenders Association (NRMLA), a nonprofit trade association based in Washington, DC, recently honored Senior Funding Group Executive Vice President Dennis Haber with a special achievement award for his efforts to help reduce title charges for reverse mortgage loans in New York State. Haber was recognized at NRMLA’s annual conference, held in San Francisco and attended by over 800 members.
"We rely on people like Dennis Haber and organizations like Senior Funding Group to be our eyes and ears throughout the United States," explained NRMLA Associate Director Darryl Hicks. "When Dennis sees anything that could impede seniors from getting a reverse mortgage, he brings it to our attention. He is a tireless advocate on behalf of seniors and we felt it was important to recognize him before his peers in the reverse mortgage industry."
A reverse mortgage is a loan that enables homeowners 62 or older to borrow against the equity in their home, without having to sell the home, give up title, or take on new monthly mortgage payments. Loan proceeds can be used for any purpose and taken out as a lump sum, fixed monthly payments, line of credit, or a combination.
"I deeply appreciate the acknowledgement by NRMLA for my efforts to help improve the availability of reverse mortgages across the state," commented Haber. "While reverse mortgages are on the rise, it is important to work on the state and federal level to create an even more beneficial climate for retirees who realize that the home they have lived in for so many years can now take care of them. By using a reverse mortgage, they can access the equity accumulated over decades of home-ownership to help live more comfortably."
Haber believes that the dramatic increase in seniors turning to reverse mortgages is a result of traditional retirements tools — such as IRAs, pensions, and 401(k)s — not providing sufficient income to help fund everyday living expenses and healthcare requirements.
"At Senior Funding Group, we help seniors use reverse mortgages to attain the financial security they need to fully enjoy their retirement years," concluded Haber. "Instead of making monthly payments to a lender, as with a regular mortgage, the bank makes payments directly to them. It’s a highly beneficial arrangement, and it explains why reverse mortgages are up 77 percent over last year. Before long, reverse mortgages will be as commonplace as other retirement planning tools."
An authority on reverse mortgages, Haber has written extensively on the subject in various national and local periodicals. In 2005, he submitted testimony to Congress on the "Reverse Mortgages To Help America’s Seniors Act." An attorney and Certified Senior Advisor (CSA), his book, Piggy Bank Your Home For A Brighter Today & Tomorrow, is revolutionizing how families view reverse mortgages.
Headquartered in Hicksville, NY, and founded by President Charles Seelinger, Senior Funding Group is among the area’s largest reverse mortgage companies. For more information on reverse mortgages, contact Senior Funding Group toll free at 1-866-We Reverse (1-866-937-3837) or visit their Web site at www.seniorfundinggroup.com.
