Financial Freedom, the nation's largest lender and servicer of reverse mortgages, has appointed John Finn as its Area Manager for the New England, Upstate New York and New York City Area. John joined Financial Freedom in 2004 and has worked in the Capital Region. He will continue to be located in Clifton Park.


A reverse mortgage is a loan that enables homeowners 62 or older to borrow against the equity in their home, without having to sell their home, give up title or take on a new monthly mortgage payment. Borrowers will never, under any circumstances resulting from the reverse mortgage, be forced to leave their homes providing they make their real estate property tax and insurance payments. The loan proceeds can be used for any purpose, and the loan isn't repaid until the borrower moves out of the homw permanently. When the loan is repaid, (the repayment amount can't exceed the value of the home), any remaining equity goes to the borrower's heirs/estate. Loan proceeds can be taken out as a line of credit, lump sum payment, fixed monthly payment or a combination. Licenses and Professional Designations:


Reverse Mortgages have emerged as a significant financial security tool for senior homeowners because of the broad range of needs these loans can satisfy, such as Debt Reduction, Estate Planning, Gifting, Healthcare funding, and Lifestyle enhancement.