Lee Croteau, Reverse Mortgage Advisor
When considering a reverse mortgage, you want an advisor you can trust – someone who listens to you, and understands your goals. Through my work with the Aging in Place Round Table from the Harrionsburg-Rockingham Chamber of Commerce, I’ve come to know and trust Lee Croteau. He always has a smile on his face and a deep interest in and respect for the people he serves.
A resident of Shenandoah Valley since 1986, Lee Croteau loves giving back to the community, especially to seniors, and appreciates the value of being affiliated with a local bank. His experience in traditional mortgage and consumer finances gives him the know-how to address the needs of seniors in the community. He has been a Reverse Mortgage advisor with VBS Mortgage since 2006.
Reverse Mortgage is a unique program offered to clients 62 years of age or older that helps them pay off bills, repair or renovate their home and live a comfortable lifestyle on an retirement income. Lee recently wrote us to explain:
“It’s easy to see why a Reverse Mortgage is a retirement tool of choice for many seniors. Reverse Mortgages were created specifically for senior homeowners, 62 and older, who want to convert part of their home’s equity into cash. And you never have to make a repayment of principal or interest for as long as you live in your home! (You are still responsible for taxes, insurance and upkeep on the property.) The most popular Reverse Mortgages are guaranteed by FHA, and that means there are a number of safeguards, including HUD-approved Reverse Mortgage counseling.”
“Your home is probably the largest asset you own, and using its equity in a Reverse Mortgage requires serious thought. It may not be for everyone, so you should seek advice from an experienced Reverse Mortgage advisor.”
For more information about reverse mortgages, visit the website for the National Council on Aging. Lee invites you to contact him at 540-459-3707 or www.leecroteau.com.
VBS Mortgage is a commercial and residential mortgage lending company that strives to provide personalized service to meet the financial needs of their clients. They pride themselves on their knowledgeable and experienced team and their competitive products and rates. They are committed to providing a solid foundation with home finances and following up with honest advice and guidance.
For more articles like this, see: Resources for Central Virginia, Aging in Place, Legal and Financial, News and Events.
Know someone who worries about their elderly parent in Charlottesville, Staunton, or Harrisonburg Virginia? Care is There Geriatric Care Management can help! Have them contact us for a free consultation: 434.326.5323 or info@careisthere.com.
For more information about our services, and to read testimonials from our clients, visit our website. Also, view this short video about our care management services.
Elizabeth Swider, Geriatric Care Manager, Certified Senior Advisor
President, Care is There Geriatric Care Management
Support for independent living and long distance caregiving; assisted living enhancement
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