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By Hannah Chorley

“I’m staying until they drag me out feet first!” This is what 15 year Mill Valley resident Mary-Alice Cardenas kept hearing from the retired seniors she crossed paths with during her time working in nursing homes, assisted living facilities, and Adult Day Health Centers.

“I found the reoccurring theme of seniors wanting to remain in their homes for as long as possible,” Cardenas says. Yet many of retired seniors own their homes but live on fixed incomes. According to Cardenas, “they become ‘house rich and cash poor.’”

Cardenas decided to join Reverse Mortgage Financing to further her support for senior citizens. “A reverse mortgage is an opportunity for seniors 62 and older to access some of the equity in their home as a lump sum, a line of credit, or monthly checks,” Cardenas says. With a reverse mortgage, the bank essentially pays the client and thus, the equity in their house shrinks.

“My clients… want to access the equity in their homes to supplement their income or to purchase a new home,” Cardenas says. “They can [also] use a Standby Line of Credit…as a low cost safety net for health care expenses or any emergencies.”

Cardenas’ passion for seniors began as a child, when she accompanied her father, a physician, to retirement facilities. She developed a fondness and compassion for senior citizens, which serves as the backbone for her career in the senior care and service industry.

“The reverse mortgage business allows me to support seniors in their desire to live in their homes for the rest of their lives with financial peace of mind,” Cardenas says.

More info on Mary-Alice Cardenas and Reverse Mortgage Financing.



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