Thursday, June 17, 2021

Reverse Mortgage Can Be a Lifesaver

Letters to the Editor submitted to The Coronado Times are the opinions of the author and do not necessarily reflect the opinions of the publisher, editors or writers of this publication. Submit letters to letters@coronadotimes.com.

Submitted by Carlynne Allbee


Thank you for the article Reverse Mortgages and Their Largest Misconceptions which appeared in your June 1st issue.

I cannot believe how many people truly believe the misinformation about them. Your article is factual and clears up those fallacies. I am a retired Adjunct Community College Instructor. Adjunct meaning part time, and since our pay is about 1/3 of a full time instructor’s pay, our pensions are 1/3 or less. Not enough to pay the average rent for a two bedroom apartment in the San Diego area, according to recent reports. I own my own home, but the Reverse Mortgage has been a lifesaver for me. I listen to fellow Adjuncts wondering how they will be able to pay their mortgage or pay rent and am very grateful that I found Dennis Dean Reverse Mortgages. It has been a life saver.

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The article will help people look at the option in a clear manner. Thank you

Carlynne Allbee
Parade Equestrian since 1971 in the Coronado 4th of July Parade

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Managing Editor
Originally from upstate New York, Dani Schwartz has lived in Coronado since 1996. She is thrilled to call Coronado home and raise her two children here. In her free time enjoys hitting the gym, reading, and walking her dog around the “island.” Have news to share? Send tips, story ideas or letters to the editor to: manager@coronadotimes.com
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