Ralph Rosynek

Underwriting: Understanding Power of Attorney 

Recently, I have noticed an increase in various types of information resources offering strategies for older Americans who want to age in place. Many of these strategies suggest that seniors consider executing a durable Power of Attorney (POA) document.A POA is a legal document whereby one individual authorizes another individual to act on his behalf. Executed at a time when the individual is still capable of communicating their needs and desires, a POA remains in effect until revoked by the individual. When a POA specifies the individual’s preference to obtain a HECM loan, it can help families approach the transition