Reverse Mortgages with Bob Tranchell of The Federal Savings Bank

<p class="MsoNormal">Chris and Jeff open with an outline of the show and promote our upcoming live show on Saturday, April 22 with Marcia Mantell, who is a social security expert and owner of Mantell Retirement Consulting.</p> <p class="MsoNormal">We are then joined by Senior Vice President of The Federal Savings Bank, Bob Tranchell. Bob is a reverse mortgage expert and explains to us the benefits of using a reverse mortgage, factors that determine the amount of money to lend, differences in various home mortgages, and differences between his firm and others. The group discusses scenarios and instances where a depletion of resources to home owners who lose spouses affects their living and how and when a reverse mortgage can be beneficial.</p>