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David Garrison

Reverse Mortgage and HECM for Purchase Advisor

NMLS# 1595194


8440 Allison Pointe Blvd | Suite 400
Indianapolis, IN 46250

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About Me

I have spent my career in sales and business management; recently selling and retiring from my own company after 36 years.

I advised my mother on a HECM a number of years ago and it served her well as her assets dwindled and she could no longer manage her affairs. I practice what I preach. My wife Carol and I recently entered into a Home Equity Conversion Mortgage, primarily as a hedge against future market sequence of returns. I have always felt the the equity in one’s home was a largely ignored asset that needed to be leveraged. The HECM has a very strong value proposition for us baby boomers and I think it important to be considered in one’s retirement planning.

My volunteer service through the years with Habitat for Humanity, Kairos Prison Ministry and CareNet Pregnancy Centers align well with my desire to engage with others and offer my life experience.

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Common Examples of What a HECM Can Help You Do

  • Purchase a new home to fit your lifestyle needs
  • Reduce monthly expenses by paying off existing mortgage
  • Enhance your cash flow
  • Create an emergency fund
  • Fund for home repairs or upgrades
  • Fund the expense for caregivers, live-in nurses, or other in-home care
  • Protect your retirement portfolio
  • Reduce monthly expenses by paying debt
  • Incorporate housing wealth into your retirement plan
  • Increase cash to help ensure monthly bills are paid
  • Reduce the burden of out-of-pocket healthcare costs
  • Have the cash for a large expense, such as a vacation or vehicle
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Shifting Into Reverse Blog

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#154: Using a reverse mortgage tofund overseas travel

USING HOUSING WEALTH TO CREATE TREASURED MEMORIES It has been a long term dream of yours, after retiring, to take all four grandkids on a cruise. During and even after the pandemic, you had not felt safe going ahead with your plans, but now you’re thinking that this January might be the right time. With […]

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#152: Helping clients cull correct information on reverse mortgages

ADVISOR QUANDARY ABOUT REVERSE MORTGAGE MISINFORMATION  With the vast amount of information on financial topics being served up to your clients on a daily basis, you’re tasked with helping them separate wheat from chaff. When it comes to the topic of reverse mortgages, you’re finding, conflicting statements and claims are leaving even you confused and […]

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#151: Using a reverse mortgage to help keep grandkids in their same school district

REVERSE MORTGAGE KEEPS GRANDKIDS IN THEIR OWN SCHOOL DISTRICT The two of you have always felt blessed in having your only two grandchildren living a mere 30 miles away. Even with you, both in your mid-sixties, still working full time, you’ve enjoyed having the grandkids spend many a weekend at your home. Unfortunately, your son-in-law […]

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