BELLEVUE, Wash., April 23, 2015 /PRNewswire/ -- The 3in4 Association http://www.3in4needmore.com and Professional Mortgage Alliance (PMA) http://www.professionalmortgagealliance.com announce a strategic alliance to support the outreach and education of reverse mortgages as a tool for seniors 62 years and older to better plan to age in place in their own home.
"Since 2011, the 3in4 Association's has supported the reverse mortgage product as a viable alternative for senior home owners to use as a retirement planning tool," stated Mark Goldberg, VP of Business Development of the 3in4 Association.
"Professional Mortgage Alliance is extremely excited about our concerted efforts," stated CEO, Michael Banner. Banner goes on to say, "There are a handful of products a senior can consider when forming a long term retirement plan, but many of them are based on one's health. If a senior did not plan early enough with a traditional retirement product, a reverse mortgage could offer the cash and flexibility needed in their retirement years." Banner continues, "Imagine how many more seniors could address long term retirement and care needs due to funds from a reverse mortgage or the elimination of their current monthly mortgage payment."
About Professional Mortgage Alliance (PMA):
Professional Mortgage Alliance (PMA) offers a proprietary business model that recruits insurance agents and financial advisors to become licensed mortgage loan officers. Issues such as cross-selling, anti-tying and dual compensation are strictly prohibited within PMA's operations and are monitored before and after the closing of each transaction. PMA's goal is to tap the resources of trained professional and trusted advisors who deal with those getting ready to enter, or those who have already entered the retirement portion of their lives. http://www.professionalmortgagealliance.com
About The 3in4 Association
The 3in4 Need More campaign is dedicated to raising awareness of the importance of planning for ones long-term care and retirement needs. The campaign utilizes multiple strategies in order to increase awareness nationally. These strategies are shared with producers, agencies, carriers and strategic partners in order to help communicate this important message. The 3in4 Association (3in4) operates as a nonprofit 501(c) (6) corporation and the 3in4 Need More campaign is a public service of the 3in4 Association. http://www.3in4needmore.com
SOURCE 3in4 Association