Services

Using A Reverse Mortgage as an Asset Preservation Strategy - Terry Bowser and Dan Diaddigo

Nov 09, 2014

Terry Bowser was born and raised in southwest Pennsylvania.  After earning a degree from Indiana University of Pennsylvania, Terry was vacationing in Myrtle Beach, fell in love with the south, and never went back north.  He's now been in Atlanta for 30 years.  Today, Terry is a Reverse Mortgage Advisor for CBC National Bank.  Joining Terrry in the studio this morning is Dan Diaddigo, Director SI - Group Mortgage Banking.  Dan moved to the Atlanta area when he was 10, and earned a degree in Broadcast News from the University of Georgia.  Very quickly Dan migrated to the mortgage industry, and has worked in the industry ever since.

Terry notes that the reverse mortgage loan is a very safe, payment-free way to access the equity in your home.  He also notes that it is a non-recourse loan that will allow a borrower to live in the home for as long as he or she lives.  An interesting side-note is that a reverse mortgage may not necessarily be used for living expenses or healthcare expenses, but could alternative be used as an asset preservation technique.

To hear more about reverse mortgages or CBC National Bank, please contact Terry Bowser at 404-642-6021, or email him at terry.bowser@cbcnationalbank.com.  Dan Daddigo can be reached a ddiaddigo@cbcnationalbank.com.

We want to thank Griswold Home Care for sponsoring today’s show. Griswold Home Care has been a preferred provider of high quality, affordable in-home senior care in Atlanta for more than 20 years.