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Mr. and Mrs. Buckeye, Arizona have applied for a reverse mortgage with Mortgage Concepts, LLC an Arizona reverse mortgage lender. Mr. Buckeye, Arizona will apply as the borrower and the younger, Mrs. Buckeye, Arizona will be a non-borrowing spouse with no ownership interest in the property. The fact that Arizona is a community property state will protect Mrs. Buckeye, Arizona, in the event of the death Mr. Buckeye, Arizona. In addition, Mortgage Concepts, LLC has some recommendations for the borrowers to further protect the trailing spouse, if Mr. Buckeye, Arizona should predecease his non-borrowing spouse. For more information on how to protect a non-borrowing spouse in Arizona, please use the contact form, or give me a call.

Michael Manfredi is a Reverse Mortgage Specialist.